Currency

Mitsubishi lifts profit outlook on weakening yen

7:03 am U.S. ET | Dec. 20, 2013
Mitsubishi Motors lifted its operating profit forecast for the current financial year by 20 percent, helped by a weakening yen, cost cuts and strong sales of the Outlander SUV plug-in hybrid....
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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....
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BMW said to mull first engine plant in U.S. or Mexico

Dec. 11, 2013 12:04 CET
BMW is said to mull building engines in the United States or Mexico for the first time and expanding vehicle production in the region to capitalize on growing demand....
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Mazda profits surge 60% on currency gains, strong sales

2:11 pm U.S. ET | Oct. 31, 2013
Mazda said its profits in the quarter ended Sept. 30 surged on exchange-rate gains and higher sales. Net income jumped 60 percent to 19.53 billion yen ($198.5 million) as revenue rose 24 percent to $6.5 billion....
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Faurecia posts flat third-quarter revenue on currency woes

Oct. 23, 2013 11:10 CET
Faurecia, the French supplier owned by PSA/Peugeot-Citroen, said revenue rose 0.8 percent in the third quarter as currency effects curbed sales growth....
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HANS GREIMEL

Japan frets as U.S. budget impasse spoils profit outlook

3:20 pm U.S. ET | Oct. 10, 2013
Japan's carmakers are nervously watching Washington's budget battle and debt debate, because they could end up big losers in an extended shutdown or default....
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LETTER TO THE EDITOR

Yen is only part of the trade story

12:01 am U.S. ET | Sept. 9, 2013
As long as Japan remains a captive market for Japanese automakers, the playing field will never be "level" as you describe in "Stop crying about the 'weak' yen" (autonews.com, Aug. 15)....
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Fate of GM, Toyota factories hangs on Australian election

12:01 am U.S. ET | Sept. 3, 2013
The fate of GM and Toyota assembly plants in Australia hangs on the September 7 election that pits a government committed to subsidies against an opposition vowing to scale back support....
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