Automotive

Toyota Motor Corp will resume automobile production in all of its manufacturing bases around the world for the first time since February, a source with knowledge of the matter said Sunday. Toyota's factory in Venezuela, the last where output had remained suspended due to the coronavirus pandemic, is expected to restart operations on Monday, according to the … [Read more...] about Toyota To Fully Resume Global Output

The domestic production of eight major Japanese automakers in May plunged a record 61.8 percent from a year earlier to 287,502 vehicles due to factory closures and falling demand amid the novel coronavirus pandemic, data released by the companies showed Monday. The decline, which followed a 46.7 percent drop in April, was the sharpest since comparable data became available … [Read more...] about Japanese Automakers` Domestic Output Plunges 67% In May

Toyota Motor Corp. and Japan’s three megabanks have jointly set up a fund to invest in space start-ups, The Yomiuri Shimbun has learned. As the leader for space development is shifting from the government to the private sector, several Japanese companies are aiming to foster home-grown technology and know-how in globally competitive Japanese space-related companies with … [Read more...] about Toyota, Banks To Support Space Startups

Nissan Motor Co. aims to show a resolve to get back on track at its shareholders' meeting on Monday after the automaker incurred a huge net loss in the business year that ended in March. Nissan is determined to shift away from the past expansionist policy led by former Chairman Carlos Ghosn, who has been charged with financial misconduct. The carmaker’s planned changes … [Read more...] about Nissan Aims To Regain Its Previous Brand Power

From the beginning of this month, Japanese auto manufacturers have been launching a series of new car models. These announcements were delayed due to the on-going COVID-19 pandemic.  Amid a sharp decrease in automobile sales around the world, companies have continued to adjust production levels while planning to promptly recover by featuring cars with newly equipped … [Read more...] about Japanese Automakers Introduce New Models To Recover Sales