Subaru's outlay shows the all-wheel drive specialist is finally turning its focus to full-electric vehicles after introducing its first serious contender, the Solterra crossover, only this year.
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.
Nissan COO Ashwani Gupta says the carmaker is ready to turbocharge its turnaround, possibly build a new U.S. plant and adopt a build-to-order mindset for more efficient retail sales.
Japanese carmaker financials show how the COVID pandemic and the chip shortage continue to challenge them — despite positive fundamentals.
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.
Despite a 42 percent drop in quarterly profit, the automaker lifted its full-year guidance for net income and revenue.
Subaru's output fell 20 percent to 207,000 in the quarter, while deliveries plummeted 35 percent to 173,000 in the same period.
Toyota's positive assessment comes after the U.S. economy shrank for a second-straight quarter and as U.S. companies initiate such belt-tightening measures as precautionary job cuts.
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.