Takata's search for a savior could drag into next yearMon, 26, Sep 2016
The plan to sell beleaguered Takata to a rescuer, slated by year-end, is likely to extend into next year as some bidders want to drag the airbag maker through bankruptcy to wipe out most of its debt, people with knowledge of the matter said.
Nissan returns to Japan's most exclusive addressFri, 23, Sep 2016
Nissan's flagship showroom has returned to Japan's most exclusive, priciest address -- Tokyo's glitzy Ginza district, flush with department stores and geisha clubs. A sleek new two-story showroom sits at the shopping district's main neon-soaked intersection.
Toyota's Japan ad agency Dentsu to repay advertising overchargesFri, 23, Sep 2016
Ad agency Dentsu will pay an estimated 230 million yen ($2.3 million) back to customers, including Toyota, that it overcharged for Internet advertisements in a case likely to stoke concern that digital media transactions have lacked transparency.
Toyota says ad agency Dentsu disclosed 'irregularities' around transactions in JapanThu, 22, Sep 2016
Toyota says its longtime advertising partner, Japanese agency giant Dentsu, has informed it of "irregularities" related to some digital media business transactions. Reports have said the problem was about a division of Dentsu in Japan overcharging the automaker.
Takata pushes ahead with sale by taking bids this week, report saysMon, 19, Sep 2016
Takata is said to be moving forward with an auction of the company as private equity groups and suppliers line up offers. Bidders for the troubled firm have been asked to submit their proposals by early this week, with Takata aiming to shortlist two to three candidates by October, Bloomberg reported.
Japan industry head says U.S. market was 'overheated'Fri, 16, Sep 2016
Japan's auto industry is unfazed by the plateauing of the U.S. market, despite nearly across-the-board sales declines in what is for many makers their most important market. The drop in August sales represents a return to normal, but still healthy, volume for a market that was “overheated,” the head of the Japan Automobile Manufacturers Association says.
Tokyo Motor Show sets 2017 dates, vows boost in attendanceThu, 15, Sep 2016
The next Tokyo Motor Show will be held Oct. 27 to Nov. 5 in 2017, organizers announced, pledging to boost attendance after a slight dip in turnout last year.
Supplier Alpha agrees to pay $9 million fine in U.S. price-fixing probeThu, 15, Sep 2016
Japanese door handle and lock supplier Alpha has agreed to pay a $9 million fine for its role in an international price-fixing conspiracy, the U.S. Justice Department said today.
Japan's Teijin to acquire Continental Structural PlasticsTue, 13, Sep 2016
Japan's Teijin has agreed to acquire U.S. composites specialist Continental Structural Plastics for $825 million. Through the acquisition, Teijin aims to secure North American sales channels for automotive composite products.
Renesas bets on smarter cars with $3.2 billion Intersil purchaseTue, 13, Sep 2016
Renesas Electronics agreed to buy U.S. chipmaker Intersil for $3.2 billion, seeking to carve out a bigger role for itself as a provider of chips for automobiles as cars become loaded with more technology and add self-driving capabilities.
Takata to take bids from 7 potential rescuers on Sept. 19, report saysFri, 09, Sep 2016
Takata plans to take initial bids from seven potential rescuers on Sept. 19, as the Japanese airbag maker at the heart of the auto industry's biggest-ever global recall fights for survival, two people with direct knowledge of the process told Reuters.
BMW recalls 110,000 cars in Japan over Takata airbagsFri, 09, Sep 2016
BMW is recalling about 110,000 cars in Japan, including some 1-series and 3-series models, over potentially faulty airbag inflators made by Takata.