Nissan also is in talks with Mitsubishi and Honda about joint manufacturing in the U.S., where global companies are trying to source more product.
Honda expects operating profit to crater nearly 60 percent in the current fiscal year after being broadsided by U.S. tariffs. The company also will suspend investments in EV production infrastructure in Canada
While Mazda’s U.S. sales are at risk of slipping into reverse amid the tariff tumult, CEO Masahiro Moro says the import-reliant Japanese carmaker will try to keep global sales in line with last year’s results.
Nissan's new plan calls for more than 10,000 personnel cuts, in addition to some 9,000 already planned as part of the carmaker's revival plan, Japanese media report.
Japan’s smallest global automaker is weighing joint production of utility vehicles in one of partner Nissan Motor Co.’s U.S. assembly plants.
Toyota forecasts sales to climb 4.7% to 9.8 million vehicles, led by delivery increases in all major markets, including North America, Europe and Japan.
Foxconn, the giant iPhone maker, will build a sporty compact crossover for Mitsubishi in Taiwan and export it to other markets including Australia.
Toyota CEO Koji Sato has largely taken a wait-and-see approach to the U.S. tariff turmoil. When earnings are reported May 8, all eyes will be on the company's latest guidance.
If Russia’s invasion of Ukraine was bad for the auto industry, that conflict might seem like a speed bump compared with the chaos unleashed by a Chinese invasion of Taiwan.
Toyota Motor confirmed it is considering investment as part of a proposal to privatize Toyota Industries, a storied group company that fell into scandal last year.