When merger talks between Nissan and Honda ended in February, a Toyota executive contacted Nissan to see how the world’s biggest automaker might help its troubled rival, a Japanese media report says.
Toyota, Honda and other Japanese automakers are bracing for big expenses from the Trump administration’s import taxes. Here’s a company-by-company breakdown.
Nissan's restructuring plan unveiled by new CEO Ivan Espinosa came six weeks after he was tapped to do what his predecessor couldn’t: Make hard decisions and deep cuts.
Honda made the CR-V announcement at the same time it said it was postponing a Cnd $15-billion EV investment in Ontario for two years.
The pace of Subaru’s EV rollout and the amount of money it plows into the technology is under review as the company braces for sliding sales and withholds earnings guidance.
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.