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Detroit dreams of a day when American cars on Japanese roads would be more visible. Considering Japanese cars take a wide portion of US car market, why is it so hard for American car brands to do the same on Japanese market? American auto executives and trade negotiators and has become a renewed source of political friction under President Trump. Trump accuses Japan of shutting American producers out, by throwing up regulatory barriers and rigging the currency market in favor of Japanese brands. Such talk is alarming in Japan, where the auto industry is a pillar of the economy. When...
Renault-Nissan Alliance came just short of matching General Motors and joining the ranks of the three biggest automakers by global sales, after CEO Carlos Ghosn rescued a Japanese peer last year. Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. combined delivered 9.96 million vehicles last year. The three automakers chaired by Ghosn finished fewer than 4,000 cars and trucks short of GM’s deliveries in 2016 and within about 350,000 units of new worldwide leader Volkswagen AG. Ghosn emphasized the scale Renault and Nissan would add by coming to the aid of Japanese peer Mitsubishi M...
This may surprise you, but Volkswagen has become the world’s biggest car manufacturer, overtaking Toyota in the number of new vehicles sold in 2016 despite the damage it suffered in the diesel emissions scandal. Toyota had been the biggest seller for the past four years but its 2016 sales total of just under 10.2m vehicles, fell short of the more than 10.3m cars sold by VW. General Motors is reporting its 2016 sales next week, but industry analysts said it had no chance of overtaking VW. GM was third behind VW last year and held the top spot in 2011, when Toyota’s produc...
It didn't took look for Japan to give an answer to the intensifying trade pressure from US President Donald Trump with Prime Minister Shinzo Abe rumored to be meeting the head of Toyota Motor Corp this week and business lobby Keidanren setting up a Trump task force. On February 10 he will visit Washington in order to discuss the issue with the US leader, and we expect them to find a solution towards the trade deal between the countries, and of course the automotive sector. Ahead of those talks, Abe will meet with Toyota Chief Executive Akio Toyoda. One of them said the meeting w...
It's obvious that the auto industry is not able sell 17 million cars and light trucks in America year after year. At some point buyer demand will become sated. Higher interest rates will force manufacturers to offer less attractive deals. Thus, sales would begin to drop from their recent peak, which will create a set of difficult challenges for car companies that operate in the United States. A forecast for January sales predicts a dip of 3% to 1.13 million, which translates into 31,000 vehicles. Some car companies will start to be part of trends that may erode their earnings. A...
