With Trump-Abe bromance, Japan delegates trade issue to deputiesSun, 12, Feb 2017
On trade, an issue that has caused prior tensions between Japan and the U.S., Japanese Prime Minister Shinzo Abe hopes to distance the topic from his burgeoning friendship with President Trump -- and assign it to Vice President Mike Pence.
Mazda profit falls 71% on foreign exchange lossesThu, 02, Feb 2017
Ghosn sees record Nissan sales in 2017 on strong global economyFri, 16, Dec 2016
Nissan CEO Carlos Ghosn says the automaker will post record sales in 2017 as stronger global economic growth boosts demand. Ghosn also is confident that U.S. trade policy under Donald Trump will continue to promote strong ties with Mexico, where Nissan builds cars for export to the U.S.
Continental eyes strong final quarter after Q3 profit plungesThu, 10, Nov 2016
Continental expects strong earnings in the fourth quarter after profit plunged 40 percent in the July-to-September period because of special effects. The supplier took a 450 million euro hit from the costs of warranty cases, pending antitrust proceedings and increased r&d spending.
Ssangyong considers U.S., China as Brexit hits U.K. salesTue, 23, Aug 2016
GM prescribes headache relief in volatile BrazilMon, 15, Aug 2016
Japan's automakers scramble to counter strong yen after $5 billion hitFri, 05, Aug 2016
A resurgent yen wiped almost $5 billion off the operating income of Japan’s seven automakers in the first quarter. The industry, which accounts for about one in 10 jobs in Japan, is responding by cutting costs, dialing back expenses and turning to Prime Minister Shinzo Abe for aid.
Toyota Group suppliers grapple with yen's impact on profitsFri, 29, Jul 2016
Toyota Group suppliers posted mixed financial results in the April-June quarter, reflecting varying levels of success coping with adverse exchange rates in the wake of the yen's sharp rise following the U.K.'s Brexit vote.
Brexit hits yen, causes headaches for HondaSat, 16, Jul 2016
At the beginning of the year, Honda's plan to fire up its export engine seemed smart because of a weak yen. But after the U.K.'s vote to leave the EU, maybe not. The Brexit vote sparked a realignment of world currencies. The yen rose and is now causing headaches for Japanese exporters.
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.
Global auto industry braces for BrexitSat, 02, Jul 2016
Aston CEO sees short-term Brexit gainFri, 01, Jul 2016
Aston Martin will see a short-term financial gain from the crash in the pound's value following the UK's decision to leave the European Union, CEO Andy Palmer said. “A weak pound obviously helps our exports in terms of profit-per-unit,” Palmer told Automotive News Europe.