Subaru parent says quarterly net income surges to $776 million

6:42 am U.S. ET | Feb. 4, 2014
Net income at Fuji Heavy Industries, the parent of Subaru, climbed sixfold to $776.5 million in the company’s fiscal third quarter, with results bolstered by booming vehicle sales in North America, a weaker yen and a one-time gain of $497 million from the sale of a snowmobile manufacturer.... Read More »


Japanese throttle-body supplier to plead guilty to price fixing

12:42 pm U.S. ET | Feb. 3, 2014
Japanese supplier Aisan Industry has agreed to plead guilty and pay a $6.86 million fine for conspiring to fix the prices of throttle bodies sold to Nissan and its subsidiaries.... Read More »


Mexico surpassing Japan as No. 2 exporter of light vehicles to U.S.

12:49 pm U.S. ET | Jan. 31, 2014
Japan has ranked among the top two auto exporters to the United States since the 1970s, shipping Toyotas, Hondas and Nissans more than 5,000 miles across the Pacific. But the Asian nation is poised to be eclipsed this year by Mexico, which as recently as 1990 sent fewer than a quarter of a million vehicles across its northern border.... Read More »


2 former Diamond Electric execs to plead guilty in price-fixing scheme

12:51 pm U.S. ET | Jan. 31, 2014
Two former senior-level executives with Japanese supplier Diamond Electric Manufacturing have agreed to plead guilty to felony charges in the ongoing global auto parts price-fixing investigation, the Department of Justice said today.... Read More »


Mitsubishi Motors' Masuko to step aside as president to focus on partnerships, report says

Jan. 31, 2014 03:29 CET
Mitsubishi will appoint Managing Director Tetsuro Aikawa to replace Osamu Masuko as president. Masuko will become chairman and focus on building partnerships with other automakers, sources said.... Read More »


Mitsubishi to shuffle top management, report says

9:29 pm U.S. ET | Jan. 30, 2014
Mitsubishi Motors President Osamu Masuko, who led the struggling carmaker to record profits and overhauled its product strategy, plans to hand off control April 1 to Managing Director Tetsuro Aikawa, Japan's Nikkei business daily reported Friday in Tokyo.... Read More »



Nissan's 2 big holes to plug with rival Honda

2:22 pm U.S. ET | Jan. 29, 2014
The numbers are in, and Nissan kept its hold as Japan's No. 2 automaker in 2013, holding a wide margin over third-place Honda.... Read More »


Toyota, auto electronics suppliers fuel earnings growth streak in Japan

6:34 am U.S. ET | Jan. 29, 2014
Japanese exporters led by Toyota are set to report higher third-quarter profit as a weaker yen fuels the country's longest stretch of earnings growth since 2007.... Read More »


Honda's U.S. exports exceeded imports in '13

12:01 am U.S. ET | Jan. 28, 2014
Honda exported more vehicles from its U.S. factories in 2013 than it imported into America from Japan -- a first for the automaker. Honda exported 108,705 American-made Honda and Acura vehicles, compared to 88,537 it brought in from Japan.... Read More »


Toyota to curb Japan output 15% in April as tax hike kicks in

7:25 am U.S. ET | Jan. 28, 2014
Toyota plans to curb daily vehicle output in Japan by 15 percent in April from a year earlier as it adjusts for a dampening of demand from a national sales tax rise, a source familiar with its production plans said today.... Read More »



Asia boosts status as production powerhouse

12:01 am U.S. ET | Jan. 28, 2014
Where will the bulk of the world's cars be built this year? More than a third of the global total will be manufactured in Asia -- and we're not talking about Japan.... Read More »



Asia flexes status as production powerhouse

2:00 pm U.S. ET | Jan. 27, 2014
Where will the bulk of the world's cars be assembled this year? More than a third of the global total will be manufactured in Asia -- and we're not talking about Japan.... Read More »


Mitsubishi to raise up to $2.5 billion in stock sale

Jan. 22, 2014 14:46 CET
Mitsubishi Motors will sell new shares and plans to pay a dividend for the first time in more than 16 years as part of its reorganization after a bailout.... Read More »


Mitsubishi to raise up to $2.5 billion in stock sale, reissue dividend

8:46 am U.S. ET | Jan. 22, 2014
Mitsubishi Motors will sell new shares and plans to pay a dividend for the first time in more than 16 years as part of its reorganization after a bailout.... Read More »


Japanese supplier Koito to plead guilty in U.S. to price fixing, pay $57 million fine

11:33 am U.S. ET | Jan. 16, 2014
Japanese supplier Koito Manufacturing has agreed to pay $57 million in fines and plead guilty in federal court to price fixing lighting components that were sold to Toyota.... Read More »



How Takata crossed 'dangerous bridge' on airbag quality, safety

8:58 am U.S. ET | Jan. 16, 2014
After a series of accidents and at least two deaths allegedly caused by faulty airbags, automaker clients of Japanese supplier Takata last year ordered the largest airbag-related recall in history. The tale that emerges in a special report by Reuters is one of a company that lost its grip on quality. It's a classic case study in how a lapse in quality-control rigor can prove extraordinarily costly to even a well-regarded, successful company.... Read More »


Toyota tops 1 million in global hybrid sales, but growth slows

10:18 am U.S. ET | Jan. 15, 2014
Toyota booked global hybrid vehicle sales above 1 million units for a second time in 2013, but annual sales growth slowed to one of its weakest levels in almost a decade.... Read More »


In Japan, Detroit demands broad access but targets narrow niche

3:32 pm U.S. ET | Jan. 12, 2014
American "muscle car" enthusiast Satoshi Kimiwada says his business selling used Chevrolet Camaros, Ford Mustangs other American cars in Yokohama is on the verge of extinction.... Read More »


U.S. automakers call for currency rule in Pacific trade pact

5:28 pm U.S. ET | Jan. 9, 2014
American automakers on Thursday pushed for rules against currency manipulation to be included in an ambitious trade pact being negotiated between the United States and 11 other Pacific Rim countries.... Read More »


Toyoda predicts emerging markets slowdown to persist this year

8:25 am U.S. ET | Jan. 1, 2014
A slowdown in emerging markets will extend into the new year, compounding uncertainty over demand in China and at home, according to a group representing Japan’s auto manufacturers.... Read More »


Japan's carmakers brace for China backlash from shrine visit

9:29 am U.S. ET | Dec. 26, 2013
Japanese automakers are bracing for a potential consumer backlash should tensions with China escalate after Prime Minister Shinzo Abe visited a shrine memorializing those killed by war on Chairman Mao Zedong's birthday.... Read More »


Japanese car exports to U.S. get boost from weak yen

7:27 am U.S. ET | Dec. 20, 2013
Japan's exports rose for a ninth consecutive month in November, with light-vehicle shipments to the United States rising 13 percent, a sign the weak yen and a recovery in global demand are energizing a major growth driver in the world's third-biggest economy.... Read More »


In Japan, Honda pegs wage hikes to profit despite government appeals

9:44 pm U.S. ET | Dec. 12, 2013
Honda Executive Vice President Tetsuo Iwamura said the Japanese automaker will set pay based on reaching profitability targets, rather than government directives on how fast to increase compensation.... Read More »


Left-hand-drive lineup stifles GM in Japan

12:01 am U.S. ET | Dec. 9, 2013
General Motors has done surprisingly well in Japan's shrinking market, notching three straight years of rising sales. But a dearth of right-hand-drive vehicles stymies hopes for higher volume. The redesigned Cadillac CTS and Chevrolet Corvette promise another sales boost. But because both are left-hand drive, their arrival means there will be only two nameplates in GM's eight-model lineup with the steering wheel on the correct side for Japan.... Read More »



Japanese auto leaders stand strong as survivors

12:01 am U.S. ET | Dec. 9, 2013
Japan's automakers have bonded as survivors.... Read More »


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How a Texas Toyota store solved used-car-supply challenge

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