Nissan Motor Co (7201.T), Japan's second-biggest automaker, said it expects operating profit to climb 15 percent this financial year, forecasting vehicle sales growth in most regions and promising large cost cuts.
Automotive
Daimler and Qualcomm to develop in-car tech, wireless charging
Carmaker Daimler on Saturday announced a partnership with mobile technologies company Qualcomm Inc. to explore wireless recharging of mobile phones in cars as well as recharging of electric cars without cables.
Takata doubling U.S. recall for defective air bags to 34 million vehicles
Japanese air bag manufacturer Takata Corp is doubling a recall of potentially deadly air bags to nearly 34 million vehicles, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesday.
Price cutting threatens automakers' rich margins in China
International automakers are slashing prices for vehicles they sell in China in response to a slowdown in demand that threatens the industry's rich profit margins.
As recalls mount, Takata, Japan automakers stuck in uneasy reliance
Air bag manufacturer Takata Corp (7312.T) and Japanese carmakers including Honda Motor Co (7267.T) are locked in the commercial equivalent of a bad marriage; not entirely happy in each other's company but unable to break apart and wary of potentially costly court battles.
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The Venezuela division of Ford Motor Co (F.N) will sell pickups and sport utility vehicles in dollars, a union leader said on Wednesday, part of a deal with the government to restart operations stalled for lack of hard currency to import parts.
The normally secretive family that owns BMW (BMWG.DE) broke silence on Wednesday to laud the company's seamless management transition as rival German carmaker Volkswagen (VOWG_p.DE) inspects the damage from a bitter leadership crisis.
Japan's three biggest carmakers said on Wednesday they would expand a huge global recall triggered by potentially fatal air bags made by Takata Corp, saying they were taking back millions of vehicles worldwide for investigation.
Volkswagen (VOWG_p.DE) Group will break up MAN (MANG.DE) and transfer its truck and bus businesses, as well as MAN Latin America, into VW's new Truck & Bus Holding GmbH, German daily Frankfurter Allgemeine Zeitung said.
Fiat Chrysler Chief Executive Sergio Marchionne said on Saturday that he had visited the heads of Tesla Motors Inc and Apple Inc during a recent trip to California.
Toyota Motor Corp (7203.T) and Mazda Motor Corp (7261.T) are in talks to expand their technology partnership to fuel-cell vehicles (FCVs), sources said on Saturday, as global automakers face rising costs to comply with stricter emission regulations.
General Motors Co said it will fall short of its goal of having 500,000 GM vehicles on U.S. roads by 2017 that are powered by some form of electricity.
Tesla Motors Inc (TSLA.O) Wednesday reported a wider first-quarter net loss, but outperformed expectations and stuck to key milestones for the year ahead despite pressure on margins.
Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead.
