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...TIC currently owns about 7.3 per cent of Toyota Motor, while the much larger company owns 23.5 per cent of TIC, according to LSEG data....
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
...The group will maintain its long-term alliance with Renault and Mitsubishi Motors in certain markets such as Europe, south-east Asia and Latin America....
...Tata Motors’ stock has more than doubled over the past year, far outpacing the Indian market — quite a feat for a company with a market value of more than $40bn....
...The alliance also includes smaller partner Mitsubishi Motors....
...They pushed global group sales, including subsidiaries Daihatsu Motor and Hino Motors, up 7 per cent to a record 11.2mn cars last year, the company said on Tuesday. Output grew 9 per cent to 11.5mn....
...Suzuki, India’s top-selling carmaker, plans to begin producing and exporting its first Indian-made EVs this year, the company has said....
...Nikola reiterated its support for its current board including Steve Girsky, its current CEO, a former General Motors executive who as an investor had helped Nikola list its shares....
...In a US hybrid market mainly dominated by Toyota, Honda and the South Korean duo of Kia and Hyundai, domestic manufacturers are racing to catch up.Last month General Motors, which had largely phased out...
...German companies have been facing increasing pressure to cease operating in the region....
...But as with everything Japan’s most valuable company does, it will be worth monitoring....
...into entering Thailand, the region’s second-biggest auto market, BYD holds the position as the biggest EV maker and the third-largest automaker for the overall passenger car market, according to research company...
...Toyoda on Tuesday apologised and said he “wanted to be the person that takes full responsibility” following recent disclosures of widespread problems with testing data at three affiliates: Hino Motors, Daihatsu...
...Start-ups developing future forms of transport such as space planes, drones and flying cars are emerging in central Japan’s Aichi prefecture, home to Toyota Motor and its suppliers, driven by a sense of...
...Daihatsu Motor may have failed in this duty of care. Toyota has suspended all shipments from its subsidiary after a probe revealed manipulated test results....
...“At Toyota, we feel a very heavy responsibility as the parent company,” Hiroki Nakajima, chief technology officer, said at a joint news conference....
...The manufacturing subsidies the carmaker receives from China are “very limited”, Shu told the Financial Times in an interview at the Geneva Motor Show....
...Nidec, an acquisitive electric motor maker, had not attempted an unsolicited deal in more than 15 years....
...Hyundai, which makes cars in China as part of a joint venture with state-backed BAIC Motor, declined to comment on its China business....
...Cooling on components Japanese motor giant Nidec has invested heavily in the EV parts business for years, but with a price war in China battering margins, the company is changing tack, writes Nikkei’s Yuji...
...The shares of Nidec Motor, a previously stable, 50-year-old Japanese company, fell 11 per cent on Tuesday, their biggest daily drop in 15 years....
...The Japanese company increased its operating profit forecast for the year to March to ¥4.9tn ($34bn) from ¥4.5tn and said that profit in its fiscal third quarter hit ¥1.7tn, an increase from ¥957bn a year...
...The first seven proposals submitted recently by the private sector include bids from consortiums led by state-owned China Railway Construction; South Korea’s Hyundai Rotem, a Hyundai Motor unit focused on...
...Switzerland and Tesla Motors last week each managed to get India to lower its high, jealously guarded tariff walls and offer improved access to its market of 1bn-plus people....
...time of 2.78 seconds, which Counterpoint Research smartphone analyst Ivan Lam attributed to Xiaomi’s “perfect” partnerships with a range of suppliers, including battery giants CATL and BYD and electric motor...
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