Brexit hits Toyota, Nissan as rising yen weighs on profit outlookWed, 06, Jul 2016
The yen's extended surge after UK's decision to exit the EU has turned put added pressure on Japan's automakers. Since the June 23 Brexit vote, the mean forecast for net income at Toyota has slid to $16.5 billion, with four analysts cutting their predictions by an average $2.3 billion for the fiscal year.
Suzuki Motor appoints scion as CEO to rebuild after testing scandalWed, 29, Jun 2016
Suzuki Motor Corp. tapped the son of the company patriarch to become CEO, keeping management of Japan's fourth-largest automaker with the founding family as it tries to recover from a testing scandal.