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Posts Tagged ‘Japanese automakers’

Toyota Rounds Out Year with $19.8B in Net Income

Japanese maker takes global sales hit.

by on May.08, 2015

Toyota's Akio Toyoda said the company's strong profits were due to cost-cutting efforts and a weak yen.

Toyota’s full-year financial results are the very definition of getting more from less as the company’s net income rose nearly 20% while its vehicle sales dropped globally.

The company’s fiscal year ends March 31, and it reported net income of $19.8 billion – a 19.2% jump – on revenue of $248 billion, which is an increase of 6%. The company’s operating income was also up 20% to $25.1 billion.

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The maker finished its year with a flourish. Its fourth-quarter net income rose to $3.73 billion, from $2.48 billion from the year-ago period. Operating profit jumped 46% to $5.31 billion compared with $3.65 billion. Toyota’s revenue increased 8.4% to $59.52 billion in the period. (more…)

Honda Records Q4 Profit of $1.67 Billion

by on Apr.25, 2014

Honda reported significantly improved Q4 and full year profits today based on a weak yen and strong auto sales around the world.

Honda rode the benefits of its own peculiar “double play” of a weak yen and strong sales to an impressive fourth quarter result. However, the positive impact of the yen is going to decline going forward, the company said.

The automaker reported a quarterly profit of $1.67 billion (170.5 billion yen) compared with less than $800 million (75.5 billion yen) during the same period a year ago. Honda reported sales increased 13% to $30 billion, or 3.1 trillion yen.

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Japanese buyers seeking to beat an April 1 rise in sales taxes helped push Honda to 1.2 million vehicles sold during the quarter, which was nearly 200,000 units more than last year. (more…)

Acura Fills a Big Gap with 2015 TLX

New model to launch first in race trim.

by on Jan.14, 2014

Mike Accavitti, senior vice president of American Honda Motor, Co., introduced Acura's TLX in Detroit.

Officially, Acura is calling it a “prototype,” but the reality is that the new TLX debuting at this year’s North American International Auto Show will be showing up in Acura showrooms by mid-year. In fact, a racing version of the 2015 Acura TLX will be ready to roll even sooner.

And Honda’s luxury division can’t wait. Though it was the original Japanese luxury carmaker, Acura has been struggling to break into the first tier of upscale brands in recent years.  It’s done a credible job with its crossover-utility vehicles, the strong-selling RDX and MDX models, but it can use a boost on the traditional passenger car side of the sales charts.

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That’s where the 2015 Acura TLX comes in.  Make that “fills in.” The new model replaces the largely forgotten TSX and more precisely delivers the sort of midrange size, performance and features needed to slot between the current entry-lux Acura ILX and flagship RLX sedans. (more…)

Toyota Jumps into Hydrogen Fuel Cell Fray with FCV

New vehicle coming in 2015 to Japan; U.S. and Europe to follow.

by on Nov.21, 2013

The Toyota FCV is already facing competition from Hyundai's fuel cell-powered Tucson.

Toyota is the latest automaker this week to jump headlong into the hydrogen fuel cell-powered vehicle market with its plan to begin selling its FCV in Japan in 2015 with the United States and Europe to follow.

The Japanese maker’s announcement follows similar proclamations from Honda and Hyundai, which pledged to offer fuel cell vehicles in a similar time frame. Toyota has been tinkering with hydrogen power since 1992 but this time, “I think it’s the real deal,” said Jim Lentz, Toyota’s top U.S. executive.

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“I think this is a real solution because consumers want clean vehicles that act like today’s cars, and this is as close as you get.” (more…)

Subaru’s 2015 WRX Lives up to Pocket Rocket Reputation

Rally car-inspired beast gets more horses, better handling.

by on Nov.20, 2013

Subaru's 2015 WRX gets a spate of improvements that helps its "most bang for the buck" persona.

Subaru took the wraps off its perennial favorite, the WRX, today at the L.A. Auto Show revealing a vehicle that features a variety of improvements resulting in a car that retains its “most bang for the buck” persona.

The new rally rocket is powered by a new 268-horsepower 2.0-liter direct-injection turbo Boxer engine, the 2015 WRX debuts the model’s first six-speed manual transmission and a new, optional performance automatic transmission, the Sport Lineartronic CVT with two manual modes: six-speed and eight-speed. Both versions use paddle shifters to get through the gears.

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The eight-speed is tied to Subaru’s Intelligent Drive (SI-DRIVE), which allows the driver to select one of three performance modes: intelligent, sport and sport sharp. (more…)

Subaru Shows Off 2015 Legacy “Concept”

A big week coming for the little Japanese maker.

by on Nov.15, 2013

Subaru is introducing its 2015 Legacy Concept this week in Tokyo.

Little Japanese maker Subaru has a big week ahead – one straddling both sides of the Pacific Ocean.

The maker has been dropping hints about what’s in store for both the Tokyo Motor Show and the L.A. Auto Show and the latest revelation pulls the cover on the 2015 Legacy Concept. We should put quotes around “concept,” because what you see is very likely to soon be what you’ll get when the next-generation midsize model rolls into showrooms less than a year from now.

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As with the new WRX is will share space with on the Subaru stand in Los Angeles – along with the various products we’ve learned are coming to Tokyo next week – the new 2015 Legacy Concept adopts a more stylish and modern shape than the rather boxy and plain sedan it replaces.  (more…)

Renault-Nissan Alliance to Partner Up with Mitsubishi

Team of three may develop small car to sell globally.

by on Nov.05, 2013

Nissan/Renault is considering adding a third partner: Mitsubishi, according to Carlos Ghosn.

The long-running alliance between French automaker Renault and Japan’s Nissan could soon get a little bit larger as the partners explore a possible tie-up with another Japanese maker, Mitsubishi Motors.

The proposed alliance would cover a number of different product segments and include the development of new electric vehicles, an emerging market niche into which Renault and Nissan have already invested billions of dollars to develop and produce vehicles like the Leaf battery-electric vehicle.

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“Nissan and Mitsubishi Motors have jointly benefited from several collaborations in the past,” noted Carlos Ghosn, who serves as CEO at both Nissan and Renault. “I welcome the direction being taken towards this broader cooperation, creating new opportunities for Renault in addition to further leveraging the productive relationship between Nissan and Mitsubishi Motors.”   (more…)

Car Sales Sputter in September

But first downturn in 27 months may not be as bad as it first seems.

by on Oct.01, 2013

Ford bucked the sales downturn in September enjoying a 6% increase with F-Series leading the way to the rise.

With the government shutdown looming and the economy sputtering, demand for new cars, trucks and crossovers fell back to earth in September after a torrid summer sales spurt. It would be the first year-over-year downturn in 27 months of recovery.

With demand sliding, makers also had to rein in the price increases of recent months and, in some cases, boost rebates and other incentives, halting a rapid climb in the prices American motorists have been paying in recent months.

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But while General Motors was one of several makers to post a downturn in sales compared to last year, Ford and Chrysler both were able to deliver unexpectedly strong increases for the month. The two makers were able to ride the continuing surge in demand for pickup truck sales buoyed by a modest revival in the U.S. housing market. (more…)

Acura Debuts Sporty 2014 ILX

Second version looks to improve on shortcomings.

by on May.14, 2013

The 2014 Acura ILX received a series of thorough upgrades from last year's model.

After Honda received a lukewarm response to its all-new Acura ILX last year, the Japanese maker elected to revise the luxury sports sedan again this year.

It marks the second time in as many years it has had to go back to the drawing board with a small car. It did the same with the Honda Civic.

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The second-edition Civic received rave reviews from critics when it came out. The company, which also disclosed it is planning a hybrid version of the compact sport sedan, is banking it can strike gold twice.


4Runner Gets Makeover

Toyota gives SUV a more aggressive look.

by on Apr.30, 2013

Toyota gave the fifth-generation 4Runner a facelift featuring a more aggressive look.

For nearly three decades, the Toyota 4Runner has been a key part of the Japanese automakers’ product portfolio.

Now one of a small number of true body-on frame sport utility vehicles left in the market, the 4Runner is getting a facelift and new interior appointments for the 2014 model year, Toyota announced.

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Currently in its fifth-generation, 4Runner carries on as a fully capable mid-size SUV. The redesigned 2014 4Runner receives a new exterior design, and interior refinements that add comfort and convenience. They are combined with a comprehensive suspension technology that provides off-road capability with a smooth ride and comfort more often associated with crossovers, Toyota officials noted during an event offering media a look at the updated 4Runner.