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Search resuls for: "River Davis"


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☆ New Toyota Chief Says He Will Accelerate Shift in EV Strategy
  + stars: | 2023-02-13 | by ( River Davis | ) www.wsj.com   time to read: 1 min
TOKYO— Toyota Motor Corp.’s new chief executive said he was looking to accelerate the auto maker’s push into electric vehicles by introducing new EV-optimized parts and manufacturing methods. Toyota will develop new EVs for its luxury Lexus brand by 2026, and everything in those models will be optimized for EVs including the battery and the manufacturing platform, Koji Sato said at a briefing Monday. Mr. Sato, 53, is set to become chief executive in April, taking over from longtime leader Akio Toyoda .
☆ Nissan, Renault Alliance Shake-Up to Give Each Company More Independence
  + stars: | 2023-02-06 | by ( River Davis | Nick Kostov | ) www.wsj.com   time to read: 1 min
LONDON— Nissan Motor Co. and Renault SA unveiled on Monday a long-planned restructuring of their two-decade-old alliance—a decoupling that falls short of a full divorce but gives each car company more autonomy after years of tensions. The restructuring, under which Renault will reduce its 43% stake in its Japanese partner to 15%, reflects a changing landscape in which alliances to build millions more gasoline-powered cars are no longer so valuable. Instead, new types of partnerships in batteries, electric-vehicle technology and software have grown in importance.
☆ Nissan, Renault Agree on Alliance Shake-Up
  + stars: | 2023-01-30 | by ( River Davis In Tokyo | Nick Kostov In Paris | River Davis | ) www.wsj.com   time to read: 1 min
Nissan Motor Co. and its French partner, Renault SA, said Monday they have agreed to reorganize their alliance, more than two decades old, in a deal that includes reducing Renault’s stake in Nissan. The Japanese auto maker achieved its long-sought goal of limiting its partner’s control over its management, while the French company got an investment in its electric-vehicle business, as it had wanted. The amount of the investment wasn’t disclosed.
☆ Nissan, Renault Reach Deal on Alliance Shake-Up
  + stars: | 2023-01-30 | by ( River Davis | ) www.wsj.com   time to read: 1 min
TOKYO— Nissan Motor Co. and its French partner Renault SA said Monday they reached an agreement to reorganize their more than two-decade-old alliance. Nissan and Renault have agreed to a deal under which the French auto maker will reduce its 43% stake in Nissan to 15%, the companies said. Renault will transfer 28% of its Nissan shares into a French trust, they said.
☆ Toyota Rethinks EV Strategy With New CEO
  + stars: | 2023-01-29 | by ( River Davis | ) www.wsj.com   time to read: 1 min
Toyota ’s chief executive always said he wasn’t a skeptic about electric vehicles—he was a realist. Longtime CEO Akio Toyoda called himself a spokesman for “a silent majority” of people in the auto industry who questioned a single-minded focus on EVs. He argued that hybrid gas-electric vehicles like Toyota’s Prius could be just as environmentally friendly, and said other companies were pushing consumers to make a leap into EVs that they might not be ready for, without a charging infrastructure fully in place.
☆ Renault, Nissan Near Deal on Alliance Shake-Up
  + stars: | 2023-01-26 | by ( Nick Kostov In Paris | River Davis In Tokyo | Nick Kostov | ) www.wsj.com   time to read: 1 min
The Renault stand at Brussels Motor Show 2023. Renault and Nissan have been hammering out the deal’s details for months. Renault SA and Nissan Motor Co. Ltd. are nearing a deal to reshape their 20-year-old alliance, according to people familiar with the matter, in a restructuring that would reduce the French car maker’s shareholding in its Japanese partner and give both companies more autonomy. A deal could be officially unveiled early next month, these people said, and would represent the most significant change in the car makers’ alliance since it was forged amid a financial crisis at Nissan.
☆ Toyota CEO Akio Toyoda to Hand Control to Next Generation
  + stars: | 2023-01-26 | by ( River Davis | ) www.wsj.com   time to read: 1 min
Toyota Chief Executive Akio Toyoda said it was time to pass the baton to a younger executive. TOKYO— Toyota Motor Corp. Chief Executive Akio Toyoda , who has expressed skepticism about an all-electric vehicle future, said he would hand the keys to a younger executive who he said might have new ideas. Koji Sato , a 53-year-old engineer who will take over as Toyota’s CEO in April, offered few details about his plans for the world’s top-selling auto maker. But his experience leading the introduction of the first fully electric Lexus and working on hydrogen-powered cars puts him in a position to tackle the coming transformation in cars.
☆ GM, LG Scrap Plans to Partner on Fourth U.S. Battery Factory
  + stars: | 2023-01-20 | by ( Mike Colias | River Davis | ) www.wsj.com   time to read: 1 min
A U.S. battery-cell factory that had been in the works between General Motors Co. and LG Energy Solution has been shelved indefinitely, people familiar with the matter said, marking a pause in the fast-growing partnership between GM and the Korean battery supplier. Talks in recent months between GM and LG Energy executives ended without an agreement to move forward on what would have been the fourth U.S. battery plant to be developed by the companies through their 50-50 joint venture, Ultium Cells LLC, the people said.
☆ Toyota Considers New EV-Dedicated Platform as It Looks to Build Scale
  + stars: | 2023-01-13 | by ( River Davis | ) www.wsj.com   time to read: 1 min
Toyota President Akio Toyoda said Friday EVs needed to be thought of independently. CHIBA, Japan– Toyota Motor Corp. is looking at rolling out a new manufacturing platform designed specifically for electric vehicles, part of revamped efforts to find the formula for making a large number of EVs profitably. The Japanese car company is considering a platform—a common foundation on which various car models can be built—that is different from the one underpinning the auto maker’s current EVs, Toyota President Akio Toyoda said.
☆ Developing Nations Aren’t Ready for EVs—Unless They Are Made in China
  + stars: | 2023-01-09 | by ( River Davis | ) www.wsj.com   time to read: 1 min
An EV from Great Wall Motor—the Ora Good Cat—on display at the Bangkok auto show last year. KORAT, Thailand—When Wimonsiri Boonyopakorn ‘s husband moved to Bangkok for work, the 35-year-old schoolteacher decided to buy a car so she could make the 160-mile trip to visit him on weekends. She was surprised to find several electric vehicles from Chinese manufacturers that cost less than gas-powered cars of a similar size.
☆ Toyota Chief Says ‘Silent Majority’ Has Doubts About Pursuing Only EVs
  + stars: | 2022-12-18 | by ( River Davis | ) www.wsj.com   time to read: 1 min
‘Because the right answer is still unclear, we shouldn’t limit ourselves to just one option,’ said Toyota Motor President Akio Toyoda. BURIRAM, Thailand— Toyota Motor Corp. President Akio Toyoda said he represented a silent majority of auto-industry people who are questioning whether electric vehicles should be pursued exclusively as the future of cars. “People involved in the auto industry are largely a silent majority,” Mr. Toyoda said Sunday to reporters in Buriram, a small agricultural town 190 miles northeast of Bangkok. “That silent majority is wondering whether EVs are really OK to have as a single option. But they think it’s the trend so they can’t speak out loudly.”
☆ Carlos Ghosn’s Escape Planner Says He Would Do It Again
  + stars: | 2022-12-12 | by ( River Davis | ) www.wsj.com   time to read: 1 min
TOKYO—One of the two Americans who helped Carlos Ghosn flee Japan hidden inside a musical-equipment box said he had no regrets. Peter Taylor , who was convicted in Japan for his role in the escape, said he was harshly treated in custody there. He said the experience persuaded him that the former Nissan Motor Co. chairman, who also spent several months behind bars in Tokyo, was justified in sneaking out of the country on a private jet.
☆ Japan Looks to Build Buffer of Natural Gas in Case of Supply Crunch
  + stars: | 2022-12-04 | by ( River Davis | ) www.wsj.com   time to read: 1 min
TOKYO—Japan’s government is planning to create a strategic buffer of liquefied natural gas, trying to build resilience against the kind of energy crunch that hit Europe this year. The government is targeting imports of at least 840,000 tons of LNG a year under the program, according to a summary supplied by the Ministry of Economy, Trade and Industry.
☆ Honda Plans New Autonomous Features but Sees Long Road Ahead to Self-Driving Cars
  + stars: | 2022-11-30 | by ( River Davis | ) www.wsj.com   time to read: 1 min
HAGA, Japan— Honda Motor Co. said it would focus for now on partially autonomous driving technology to improve safety, adding itself to the list of auto makers that say fully self-driving cars aren’t ready for prime time. The Japanese auto maker, an investor in General Motors Co.’s Cruise self-driving unit, this week showed off a prototype system that allows a car to automatically overtake slow-moving vehicles on a highway. It plans to roll out the technology globally starting in 2024, and it says it has found ways to use less-expensive radar and sensor technologies to make the system affordable for mass-market cars.
☆ Toyota Unveils New Prius as EV With an Engine
  + stars: | 2022-11-16 | by ( Sean Mclain | River Davis | ) www.wsj.com   time to read: 1 min
Toyota’s new Prius hybrid goes on sale starting this winter. The Prius hybrid helped cement Toyota Motor Corp. ’s environmental bona fides in the late 1990s by marrying an electric motor to a gasoline engine to boost fuel economy. Now, this pioneering model is getting a reboot, as the Japanese car company looks to arrest a multiyear sales slide for the car and prove hybrids have staying power in the electric-vehicle age.
☆ Toyota Pitches New Prius Hybrid as ‘EV With an Engine’
  + stars: | 2022-11-16 | by ( Sean Mclain | River Davis | ) www.wsj.com   time to read: 1 min
Toyota’s sales of its Prius hybrid have declined in recent years as rival brands put out their own hybrids. The Prius hybrid helped cement Toyota Motor Corp. ’s environmental bona fides in the late 1990s by marrying an electric motor to a gasoline engine to boost fuel economy. Now, this pioneering model is getting a reboot, as the Japanese car company looks to arrest a multiyear sales slide for the car and prove hybrids have staying power in the electric-vehicle age.
☆ Japan Sets Up Advanced Chip Business With Toyota, Sony
  + stars: | 2022-11-11 | by ( Yang Jie | River Davis | ) www.wsj.com   time to read: 1 min
TOKYO—Toyota, Sony and SoftBank are joining with Japanese chip companies in a government-backed effort to design and make next-generation semiconductors in Japan by the end of the decade. The venture, called Rapidus, comes amid rising competition among major economies for advanced chips to support applications like artificial intelligence and autonomous driving, along with a deepening divide between the U.S. and China that is complicating supply chains.
☆ Toyota, Sony Set Up Advanced Chip Business in Japan
  + stars: | 2022-11-11 | by ( Yang Jie | River Davis | ) www.wsj.com   time to read: 1 min
Japan, once a global leader in semiconductor manufacturing, has fallen far behind the U.S. and Taiwan, which Tokyo sees as a national security concern. TOKYO— Toyota Motor Corp. and Sony Group Corp., together with six other Japanese companies, are creating a new business to design and make next-generation semiconductors by the late 2020s. The venture, called Rapidus, Latin for “rapid,” comes amid rising competition among major economies for advanced chips to support applications such as artificial intelligence and quantum computing.
☆ Japanese Companies Are Making Less but Profiting More Thanks to Weak Yen
  + stars: | 2022-11-09 | by ( River Davis | ) www.wsj.com   time to read: 1 min
Nissan raised its profit forecast for the fiscal year, thanks in large part to the impact of foreign exchange rates. TOKYO—Top Japanese companies are expecting healthy profits this year despite parts shortages leaving them unable to ship many products, ranging from cars to gaming devices. The yen’s fall to a three-decade low against the dollar this year has more than offset difficulties for exporters in meeting demand because of the boost it has given to the value of earnings from overseas.
☆ Chip Shortages Still Plague Toyota, Other Auto Makers
  + stars: | 2022-11-01 | by ( River Davis | ) www.wsj.com   time to read: 1 min
TOKYO— Toyota Motor Corp. said it still can’t get its hands on enough semiconductors to meet its production goals, despite signs of excess supply elsewhere in the chip business. Toyota on Tuesday lowered its production target for the current fiscal year through March to 9.2 million units from a previous goal of 9.7 million units, citing a shortage of automotive chips.
☆ Chip Shortages Still Plague Toyota, Some Other Auto Makers
  + stars: | 2022-11-01 | by ( River Davis | ) www.wsj.com   time to read: 1 min
TOKYO—Overall demand for semiconductors may be softening, but the world’s biggest auto maker says it still can’t get its hands on enough chips. Toyota Motor Corp. on Tuesday lowered its Toyota and Lexus production target for the current fiscal year through March to 9.2 million units from a previous goal of 9.7 million, citing the risk of chip-supply issues.
☆ Renault-Nissan Talks Hit Snag Over Intellectual Property, Other Issues
  + stars: | 2022-10-31 | by ( River Davis | Nick Kostov | Sean Mclain | ) www.wsj.com   time to read: 1 min
Renault SA and Nissan Motor Co. are struggling to nail down a deal that would reshape their alliance, with intellectual property among the sticking points, according to people with knowledge of the talks. Discussions so far between Renault and Nissan have outlined a plan under which the French auto maker would reduce its current 43% stake in its Japanese partner to 15%, people at the companies said. The shares to be disposed of would be put into an independent financial trust and then sold at a later date at a predetermined price, the people said.
☆ Long-Term Deals Help Japan Secure Ample Gas Amid Global Shortfall
  + stars: | 2022-10-21 | by ( River Davis | ) www.wsj.com   time to read: 1 min
Jera, which has this LNG-fired power plant in Japan’s Chiba prefecture, handles about 40% of the country’s annual imports of LNG. TOKYO—Japan imports nearly all of its natural gas and, despite the worst energy crisis in many years, it isn’t facing shortages or out-of-control prices. Its secret is a reliance on long-term contracts for liquefied natural gas, a strategy that had been in decline until recently but now is rebounding in popularity. The world’s largest buyer of LNG is enjoying a moment of validation—at least for now.
☆ Toyota Starts Plant in Junta-Led Myanmar Making 1 to 2 Cars a Day
  + stars: | 2022-10-12 | by ( River Davis | ) www.wsj.com   time to read: 1 min
A Toyota Hilux moving down a production line in South Africa; the car maker said in 2019 it planned to build around 2,500 of the pickup trucks in Myanmar annually. TOKYO— Toyota Motor Corp. said it has begun producing cars at a new plant in Myanmar that had been on hold after the country’s military seized power in a coup last year. Toyota began assembling one or two cars a day at its plant in Yangon last month, a spokeswoman for the Japanese auto maker said Wednesday. She said Toyota wanted to contribute to the industrial development of Myanmar and the livelihood of local employees and their families.
☆ Toyota Starts Plant in Junta-Led Myanmar Over a Year After Coup
  + stars: | 2022-10-12 | by ( River Davis | ) www.wsj.com   time to read: 1 min
TOKYO— Toyota Motor said it has begun producing cars at a new plant in Myanmar that had been on hold after the country’s military seized power in a coup last year. Toyota began assembling one or two cars a day at its plant in Yangon last month, a spokeswoman for the Japanese auto maker said Wednesday. She said Toyota wanted to contribute to the industrial development of Myanmar and the livelihood of local employees and their families.
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