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Business

Reuters
Jun 23, 2025

Toyota to raise US auto prices by average $270 from July

The automaker’s decision follows US President Donald Trump’s imposition of a 25% tariff on imported vehicles and auto parts.

Business

Reuters
Jun 16, 2025

Nissan plans to reduce stake in Renault, CEO Espinosa tells Nikkei

Nissan and Renault had said in March they had agreed to reduce their required minimum stake in each other to 10 percent from 15 percent. Under their agreement, any share sale has to be coordinated with the other party and includes a right of first-refusal.

Business

Reuters
Jun 12, 2025

Toyota chairman to face scrutiny over $33 billion deal at shareholder meeting

This year’s gathering, set to kick off at 10:00 a.m. (0100 GMT), marks the first time in three years that Toyoda isn’t being opposed by a shareholder proxy adviser.

Latest

Web Desk Karachi
May 20, 2025

Hybrid sales to reach 2.2 million globally by 2030, Honda says

The Japanese automaker will not only invest ¥7 trillion ($48.3 billion) in EVs and software in the long-term, CEO Toshihiro Mibe said on Tuesday, a sizable drop from the ¥10 trillion it announced last year.

Business

Web Desk Karachi
Mar 11, 2025

Nissan shifts focus to product development in search for strategic partnership

The recent collapse of a potential collaboration with Honda Motor Co. has led to renewed interest from Hon Hai Precision Industry Co., which had previously shown a desire to acquire Renault SA’s stake in the troubled Japanese automaker.

Business

Reuters
Mar 07, 2025

Nissan board to meet on March 11, discuss potential CEO successors, sources say

Candidates being considered include Chief Financial Officer Jeremie Papin and Chief Planning Officer Ivan Espinosa, one of the people and a fourth person said, but neither are seen as a certainty, especially considering their association with current management missteps.