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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFor Japanese automakers, hybrid EVs could ultimately enable switch to battery EVs: Fitch RatingsSatoru Aoyama, senior director of Asia-Pacific corporates at Fitch Ratings, says "in Asia, the EV transition is not the binary between ICE and battery EVs."
Persons: Fitch, Satoru Aoyama Organizations: Fitch, ICE Locations: Asia, Pacific
Nissan late last month upgraded its full-year operating profit forecast, raising it by 30 billion yen ($208 million) to 550 billion yen. About 20 billion yen of that came from the currency, CFO Stephen Ma told a briefing. At smaller Subaru (7270.T), a move of one yen against the dollar has a 20 billion yen impact on operating profit, CFO Katsuyuki Mizuma said earlier this month. On Wednesday, a Honda official said its April-June operating profit came in tens of billions of yen higher than expected, with the weak yen accounting for about half of that. It is unclear how long the weak yen will last.
Persons: Aly, Satoru Aoyama, Stephen Ma, Katsuyuki Mizuma, Eisuke Sakakibara, Mizuma, Daniel Leussink, David Dolan, Toby Chopra Organizations: Auto, REUTERS, Toyota, Honda, Nissan, Fitch, Japan, U.S . Federal Reserve, Subaru, Lexus, Reuters, Thomson Locations: Auto Shanghai, Shanghai, China, Asia, Europe, CHINA
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailToyota is being 'too cautious' about its battery EV targets, Fitch Ratings saysSatoru Aoyama of the credit ratings agency says the company doesn't want to "give a false commitment or expectation to the market."
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