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TOKYO -- Major Honda Motor shareholders, including Tokio Marine & Nichido Fire Insurance and MUFG Bank, will unload some 500 billion yen ($3.1 billion) of their stakes this month as they work to unwind cross-held shareholdings, the Japanese automaker announced Thursday.
TOKYO -- Nine of 12 top global automakers made more money per vehicle in the year ended March than in the year before amid recovering supply chains and rising sales prices, with Tesla at the head of the pack.
TOKYO -- Combined net profit at big Japanese companies is forecast to fall 4% this fiscal year, the first drop in five years, corporate earnings outlooks show, due in part to a slowdown in China and Europe and conservative yen exchange-rate assumptions.
TOKYO -- Profit growth at six leading Japanese automakers is expected to slow in fiscal 2024 as they enjoy less room to raise output but face rising costs.
NAGOYA, Japan -- Toyota Motor will start final assembly of electric vehicle batteries at three more auto plants in Japan and the U.S., moving more of the process in-house to reduce costs associated with transporting heavy finished packs.