Edition:
United States

Naomi Tajitsu

Honda to close British car plant as Brexit looms

Feb 19 2019

LONDON/TOKYO Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over a month before the United Kingdom is due to leave the European Union. | Video

Nissan and Renault reaffirm alliance, but avoid talk of Nissan chairmanship

Feb 14 2019

TOKYO Top executives from Nissan and Renault on Thursday reaffirmed the importance of an alliance that has been pressured by the ousting of former Chairman Carlos Ghosn, but avoided discussing the potentially contentious issue of Nissan's next chairman.

Rough ride: Nissan slashes outlook, unveils Ghosn-related charge

Feb 12 2019

YOKOHAMA, Japan Nissan Motor warned its annual profit will plumb six-year lows on waning global sales, underlining the challenges it faces as it also grapples with the fallout from the shocking arrest and ouster of its former chairman Carlos Ghosn. | Video

Subaru sees profit at six-year low on stoppage but turnaround hopes lift shares

Feb 07 2019

TOKYO Japan's Subaru Corp cut its full-year earnings forecast by 16 percent to flag its weakest profit in six years due to a production stoppage but its shares climbed 6 percent as some investors were optimistic the worst was over for the automaker.

China sales buoy Toyota's profit, but U.S. weakness persists

Feb 06 2019

TOKYO Toyota Motor Corp's quarterly profit edged up as demand for its bread-and-butter car models from cost-conscious Chinese buyers helped offset bleak North American sales, although the firm's shares slipped as it cut its annual net income outlook. | Video

Suzuki third-quarter profit sinks to two-year low as India growth slows

Feb 05 2019

TOKYO Suzuki Motor Corp booked a 33 percent drop in quarterly profit as a depreciating rupee and higher selling costs mixed with sluggish sales growth in top market India to drive earnings to a two-year low.

Honda plans to front-load UK production ahead of Brexit

Feb 01 2019

TOKYO Braced for a possible logistical nightmare when Britain leaves the European Union in March, Honda Motor Co Ltd said on Friday it was preparing to front-load some production at its plant in the country to ship overseas or build up inventories.

Ghosn may have had questionable ethics, co-chair of external Nissan probe says

Jan 20 2019

TOKYO The co-chair of a committee set up by Japanese automaker Nissan Motor Co to examine the root cause of alleged financial misconduct by ousted chairman Carlos Ghosn said he believed Ghosn may have had questionable ethical standards.

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