Daihatsu Hinata Concept, 2015. presented at the 44th Tokyo Motor Show, the Hinata was a prototype for the Move Canbus thought the series production version had a B-pillar and lacked the wide opening "coach" doors and swivelling seats of the concept.

Honda posts 17% fall in Q3 operating profit but raises full-year view By Reuters

Honda posts 17% fall in Q3 operating profit but raises full-year view By Reuters

© Reuters. FILE PHOTO: The logo of Honda Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015. REUTERS/Issei Kato TOKYO (Reuters) – Honda Motor Co raised its full-year operating forecast on Wednesday, aided by cost cutting and a weak yen despite a persistent global chip shortage. It upgraded its latest forecast for an operating profit of 800 billion yen ($6.93…

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Honda posts 17% fall in Q3 operating profit but raises full-year view By Reuters

Honda posts 17% fall in Q3 operating profit but raises full-year view By Reuters

© Reuters. FILE PHOTO: The logo of Honda Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015. REUTERS/Issei Kato TOKYO (Reuters) – Honda Motor Co raised its full-year operating forecast on Wednesday, aided by cost cutting and a weak yen despite a persistent global chip shortage. It upgraded its latest forecast for an operating profit of 800 billion yen ($6.93…

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Toyota's luxury Lexus brand plans battery EV launch in 2020

Toyota’s luxury Lexus brand plans battery EV launch in 2020

FILE PHOTO: Toyota Motor Corp’s Lexus brand logo is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015. REUTERS/Issei Kato

TOKYO (Reuters) – Toyota Motor’s (7203.T) Lexus will launch its first all-battery electric vehicle next year, as the luxury brand races to market a battery-operated car amid growing competition to develop zero-emissions vehicles, the head of the…

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Nissan doubles down on emerging markets as U.S. sales slow

YOKOHAMA (Reuters) – Nissan Motor Co Ltd (7201.T) said on Wednesday it expects vehicle sales in some markets to beat industry growth, driven by countries including Saudi Arabia – crucial for the Japanese firm that is struggling with slowing sales in the United States.

FILE PHOTO: Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015. REUTERS/Issei Kato/File Photo

Nissan, Japan’s second-largest automaker, focused on the United States for the past few years, and roughly doubled car sales there since 2010, as it aimed to corner a 10 percent share of the market.

But that ambition came at a cost: hefty discounting led to the company’s North American operating profit falling by nearly a third in the year just ended.

Nissan is now looking to China, the world’s biggest car market, and other regions such as the ones it clubs as Africa, Middle East and India, to boost growth while trying to improve profitability in North America.

Moreover, the company is entering new markets including Pakistan and Turkey and plans to expand its affordable Datsun brand, Peyman Kargar, chairman of Nissan’s operations in Africa, Middle East and India, told reporters at a briefing to discuss the company’s mid-term strategy.

“Today we have 3.7 percent market share (in the region). The industry sees a 40 percent rise in total sales volumes, and we are going to be much above the market trend,” said Kargar.

“We’re talking about big growth in the region,” he said, declining to give detailed regional sales targets.

He expects overall industry sales to climb to 12.1 million units in 2022 from 8.8 million in 2017.

Kargar, who joined Nissan last year from automaking partner Renault SA (RENA.PA) where he led sales and marketing for the same region, added that he expected to double market share in Saudi Arabia to 14 percent in 2022, from 7 percent last year when roughly 800,000 vehicles were sold in the country.

Kargar said Nissan is also betting on more Nissan-branded sport utility vehicles (SUVs) and cheaper Datsun-branded cars to shore up sales in India, where it is struggling to expand and is far behind market leader Maruti Suzuki India Ltd (MRTI.NS). It has focused on selling more SUVs in India, where SUV sales are fast climbing, fueled by rising consumer spending power.

It also expects to raise its market share in South Africa to “more than 15 percent” by 2022, from 10 percent in 2017, Kargar said, by selling fewer pick-up trucks and more passenger cars.

Reporting by Naomi Tajitsu; Editing by Sayantani Ghosh and Christopher Cushing

The post Nissan doubles down on emerging markets as U.S. sales slow appeared first on World The News.

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Nissan doubles down on emerging markets as U.S. sales slow

YOKOHAMA (Reuters) – Nissan Motor Co Ltd (7201.T) said on Wednesday it expects vehicle sales in some markets to beat industry growth, driven by countries including Saudi Arabia – crucial for the Japanese firm that is struggling with slowing sales in the United States.

FILE PHOTO: Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015. REUTERS/Issei Kato/File Photo

Nissan, Japan’s second-largest automaker, focused on the United States for the past few years, and roughly doubled car sales there since 2010, as it aimed to corner a 10 percent share of the market.

But that ambition came at a cost: hefty discounting led to the company’s North American operating profit falling by nearly a third in the year just ended.

Nissan is now looking to China, the world’s biggest car market, and other regions such as the ones it clubs as Africa, Middle East and India, to boost growth while trying to improve profitability in North America.

Moreover, the company is entering new markets including Pakistan and Turkey and plans to expand its affordable Datsun brand, Peyman Kargar, chairman of Nissan’s operations in Africa, Middle East and India, told reporters at a briefing to discuss the company’s mid-term strategy.

“Today we have 3.7 percent market share (in the region). The industry sees a 40 percent rise in total sales volumes, and we are going to be much above the market trend,” said Kargar.

“We’re talking about big growth in the region,” he said, declining to give detailed regional sales targets.

He expects overall industry sales to climb to 12.1 million units in 2022 from 8.8 million in 2017.

Kargar, who joined Nissan last year from automaking partner Renault SA (RENA.PA) where he led sales and marketing for the same region, added that he expected to double market share in Saudi Arabia to 14 percent in 2022, from 7 percent last year when roughly 800,000 vehicles were sold in the country.

Kargar said Nissan is also betting on more Nissan-branded sport utility vehicles (SUVs) and cheaper Datsun-branded cars to shore up sales in India, where it is struggling to expand and is far behind market leader Maruti Suzuki India Ltd (MRTI.NS). It has focused on selling more SUVs in India, where SUV sales are fast climbing, fueled by rising consumer spending power.

It also expects to raise its market share in South Africa to “more than 15 percent” by 2022, from 10 percent in 2017, Kargar said, by selling fewer pick-up trucks and more passenger cars.

Reporting by Naomi Tajitsu; Editing by Sayantani Ghosh and Christopher Cushing

The post Nissan doubles down on emerging markets as U.S. sales slow appeared first on World The News.

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Nissan doubles down on emerging markets as U.S. sales slow

YOKOHAMA (Reuters) – Nissan Motor Co Ltd (7201.T) said on Wednesday it expects vehicle sales in some markets to beat industry growth, driven by countries including Saudi Arabia – crucial for the Japanese firm that is struggling with slowing sales in the United States.

FILE PHOTO: Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015. REUTERS/Issei Kato/File Photo

Nissan, Japan’s second-largest automaker, focused on the United States for the past few years, and roughly doubled car sales there since 2010, as it aimed to corner a 10 percent share of the market.

But that ambition came at a cost: hefty discounting led to the company’s North American operating profit falling by nearly a third in the year just ended.

Nissan is now looking to China, the world’s biggest car market, and other regions such as the ones it clubs as Africa, Middle East and India, to boost growth while trying to improve profitability in North America.

Moreover, the company is entering new markets including Pakistan and Turkey and plans to expand its affordable Datsun brand, Peyman Kargar, chairman of Nissan’s operations in Africa, Middle East and India, told reporters at a briefing to discuss the company’s mid-term strategy.

“Today we have 3.7 percent market share (in the region). The industry sees a 40 percent rise in total sales volumes, and we are going to be much above the market trend,” said Kargar.

“We’re talking about big growth in the region,” he said, declining to give detailed regional sales targets.

He expects overall industry sales to climb to 12.1 million units in 2022 from 8.8 million in 2017.

Kargar, who joined Nissan last year from automaking partner Renault SA (RENA.PA) where he led sales and marketing for the same region, added that he expected to double market share in Saudi Arabia to 14 percent in 2022, from 7 percent last year when roughly 800,000 vehicles were sold in the country.

Kargar said Nissan is also betting on more Nissan-branded sport utility vehicles (SUVs) and cheaper Datsun-branded cars to shore up sales in India, where it is struggling to expand and is far behind market leader Maruti Suzuki India Ltd (MRTI.NS). It has focused on selling more SUVs in India, where SUV sales are fast climbing, fueled by rising consumer spending power.

It also expects to raise its market share in South Africa to “more than 15 percent” by 2022, from 10 percent in 2017, Kargar said, by selling fewer pick-up trucks and more passenger cars.

Reporting by Naomi Tajitsu; Editing by Sayantani Ghosh and Christopher Cushing

The post Nissan doubles down on emerging markets as U.S. sales slow appeared first on World The News.

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Nissan to cut hundreds of jobs at UK plant as diesel demand slides: source

Nissan to cut hundreds of jobs at UK plant as diesel demand slides: source

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LONDON (Reuters) – Nissan (7201.T) will cut hundreds of jobs at its Sunderland plant, Britain’s biggest automotive factory, as it tackles declining demand for diesel models across Europe, a source told Reuters on Friday. FILE PHOTO: Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015. REUTERS/Issei Kato/File Photo

Nissan builds…

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2017 Mini Convertible World premiere at The 44th Tokyo Motor Show 2015 – Autoblo… 2017 Mini Convertible World premiere at The 44th Tokyo Motor Show 2015 - Autoblog Japan Edition (jp.autoblog.com/...) Source: nozt2077

Daihatsu Tempo Concept, 2015. A prototype for a small catering/vending van presented at the 44th Tokyo Motor Show. It was powered by a turbocharged 660cc 3-cylinder engine

6 Standouts From The Tokyo Motor Show

Before we get started, no, there was no new Toyota Supra, no new Mazda RX-7, and no new Nissan Silvia. The rumors that have been floating around for ages didn’t materialize for the 44th Tokyo Motor Show. While the Supra (or whatever Toyota will name it) will still happen, Japanese manufacturers seem to be all […]

The post 6 Standouts From The Tokyo Motor Show appeared first on Speedhunters.

6 Standouts From The Tokyo Motor Show

Before we get started, no, there was no new Toyota Supra, no new Mazda RX-7, and no new Nissan Silvia. The rumors that have been floating around for ages didn’t materialize for the 44th Tokyo Motor Show. While the Supra (or whatever Toyota will name it) will still happen, Japanese manufacturers seem to be all […]

The post 6 Standouts From The Tokyo Motor Show appeared first on Speedhunters.

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Nissan’s domestic sales drop after inspection scandal: Nikkei FILE PHOTO - Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015. REUTERS/Issei Kato/File Photo October 23, 2017 (Reuters) – Japanese automaker Nissan Motor Co Ltd’s domestic sales for the Oct. 1 to Oct. 20 period plummeted 20 percent following recent allegations of misconduct in its inspection procedures, the Nikkei said. The Yokohama-based automaker’s domestic sales fell to 12,300 units during the period, the newspaper reported. (http://s.nikkei.com/2lc9nAm) Last week, the country’s second-largest automaker said it would halt production of domestic market vehicles at all six of its Japanese assembly plants to consolidate their inspection lines to comply with the country’s transport ministry requirements. The inspection scandal was expected to end the company’s 11-month streak of year-on-year domestic sales growth through September, the business daily said. The company could not immediately reached for comment. (Reporting by Sumeet Gaikwad in Bengaluru; Editing by Andrew Hay)

Nissan's domestic sales drop after inspection scandal: Nikkei

Nissan's domestic sales drop after inspection scandal: Nikkei

© Reuters. FILE PHOTO – Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan (Reuters) – Japanese automaker Nissan Motor Co Ltd’s (T:) domestic sales for the Oct. 1 to Oct. 20 period plummeted 20 percent following recent allegations of misconduct in its inspection procedures, the said. The Yokohama-based automaker’s domes… Stock Market News

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Japan ministry says unauthorized staff certified cars at five Nissan plants

FILE PHOTO: Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan.

TOKYO - Japanese Transport Minister Keiichi Ishii said on Friday that unauthorized technicians had been found certifying vehicles at five Nissan Motor Co plants that the ministry has been inspecting. The unauthorized technicians included contract workers, Ishii told a news conference. “It’s extremely regrettable, causing anxiety for users and shaking the foundation of the certification system,” he said. The ministry said it has carried out spot inspections at all of Nissan’s six assembly plants in Japan and found stamps of certified technicians were used at five plants on documents to sign off final vehicle checks conducted by non-certified technicians. Nissan has decided to recall all 1.2 million new passenger cars it sold in Japan over the past three years after discovering final vehicle inspections were not performed by authorized technicians. Ishii said Nissan was expected to file the recall with the ministry on Friday afternoon.

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Japan transport minister says unauthorized technicians certified cars at five Nissan plants © Reuters. FILE PHOTO - Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan…