Japan's automakers are stoking R&D investment to meet mounting demand for a staggering array of technologies. Toyota by far outpaces the pack.
Mitsubishi's third-quarter results got a boost from higher volume and beneficial foreign exchange rates, prompting the company to lift its full fiscal year targets.
Automakers such as Honda have been forced to slash production due a shortage of microchips and now face an increase in costs amid China's COVID-19 curbs and the war in Ukraine.
Japan's automakers absorbed the challenges of the fiscal year just ended. Despite worries over rising costs, they see a brighter year ahead.
A weakening yen has emerged as a windfall for the country's automakers, helping buoy results just when they need it most amid pinched production and derailed deliveries.