Nissan would manufacture electric cars in USA
Nissan Motor has announced that they are soon going to start manufacturing electric cars in the US market.
They are aiming to benefit from the collapse of the American auto giants like GM, Ford and Chrysler.
The company would manufacture both cars and batteries at its plant in Smyrna, Tennessee.
These [...]
Toyota Prius: Bestselling car in Japan for May
Toyota recently launched the brand new edition of Prius in the Japanese market.
This launch was much awaited and the results are pretty encouraging.
Toyota Prius became the bestselling car in the Japanese market for the month of May.
It managed to outsell both Honda Fit and Honda Insight.
Honda Insight [...]
Toyota Prius new edition now on sale
Toyota Motor has finally begun selling their new generation Prius hybrid car.
Toyota Prius is the most successful hybrid car in the world but it now faces intense competition from Honda Insight which was introduced in the market few months ago.
Toyota has sold more than a million units of [...]
Panasonic posts a $4 billion loss in the last financial year
Last year turned out to be a disastrous one for Panasonic as the company posted a 378.96 billion yen loss for the fiscal year ended March.
This is Panasonic’s first loss in as many as seven years.
The company revealed that things are unlikely to [...]
Toyota to launch trucks in India through Hino Motors
Japanese automaker Hino Motors has announced that they are planning to launch their truck models in the Indian market.
The crucial aspect of this news is that Hino Motors is part of the Toyota Group.
Indian market already has seen the entry of Volvo and MAN.
Hino [...]
Toshiba posts record losses
Japanese consumer electronics giant Toshiba has posted a record annual loss as the company has been cutting jobs to stay competitive in these tough times.
The company posted a 343.6 billion yen loss for the financial year ending in March this year.
This is a pretty bad performance compared to a profit of [...]
Maruti Suzuki planning a 660cc car?
Tata Nano has been launched and it has received a tremendous opening. Lakhs of people have applied to get their hands on one of the units.
Maruti Suzuki has been the undisputed king of the small car market till now. The company now faces massive competition from the Tata Nano.
Maruti [...]
Nissan Motor to skip 2010 North American International Auto Show
Japanese automaker Nissan Motor has announced that they would not be there at the 2010 North American International Auto Show.
The company has been avoiding these auto shows to cut costs in their operations due to the ongoing economic crisis.
They had skipped the same auto show earlier [...]
Takanobu Ito to become new Honda CEO
Honda Motor has announced that they are now naming Takanobu Ito as their upcoming new CEO of the company.
He would take over from Takeo Fukui at the top of the company.
Takeo Fukui would remain on the company board and would act as an advisor to Honda [...]
Nissan to cut 20,000 jobs globally
Nissan Motor Company has announced that they are now going to cut around 20,000 jobs from their global operations.
The company has revealed a net loss of around US$2.8 billion and this has prompted them to take these serious actions.
Nissan added that they are now suspending its 2008-2012 midterm business plan.
They [...]
