TOKYO – Electric-vehicle latecomer Subaru is dramatically stepping up the pace in the global electrification race with plans to build EVs in the U.S. from around 2027 and to sell some 400,000 battery-powered cars in the U.S. by 2028 – a volume amounting to nearly half its current U.S. sales. New CEO Atsushi Osaki, in
TOKYO — Electric vehicle latecomer Subaru expects to have capacity to build 400,000 such vehicles a year in 2028 by adding a second EV line in Japan, signaling a dramatic ramp-up as it tries to get 40 percent of its global sales from electrified vehicles by decade’s end. As part of the rapid expansion plan, Subaru said
TOKYO — Just as a World Cup soccer team adjusts its player formation for a new opponent, Toyota’s recently appointed CEO Koji Sato is reordering his lineup for a challenging new era. That is the scene unfolding today at the world’s largest automaker as Sato picks a new management team before he takes the helm
TOKYO – Subaru said it will ramp up its electrified offerings in the critical U.S. market to include several battery EVs by 2025 as it shifts development focus to the segment. The EV rollout will lean on Subaru Corp.’s partnership with Toyota Motor Corp. and be further amplified by the expansion of the company’s hybrid
TOKYO — Two big Japanese carmakers are sounding upbeat as they raise full-year earnings forecasts, citing progress in sorting out the semiconductor shortage and improved profitability. Honda Motor Co. says the worst of the microchip crisis is over, while Nissan Motor Co. says a rush of new product has underpinned a healthier model mix and
TOKYO — Pandemic lockdowns and semiconductor shortages are not the only production headaches hobbling Mazda. An ultra-tight labor market is also slowing the company’s ramp up to full production of the CX-50 crossover at its new plant in Alabama. Mazda is having trouble attracting workers and keeping them at the plant, which is still working
TOKYO – Toyota Motor Corp. is feeling the bite of the semiconductor crunch again. Despite efforts to ramp up output over the summer, the world’s biggest automaker said persistent supply chain troubles will force it to cut its global production plan in coming months.. The automaker, struggling to recoup lost volume, said just last month
TOKYO — Nearly four years after the arrest of Nissan Chairman Carlos Ghosn at a Tokyo airport, acrimony and legal wrangling continue to fester as the carmakers he once ran fight to recover from the chaos. In recent moves, Nissan Motor Co. has increased the pressure on Ghosn and Greg Kelly, the American director they
TOKYO – Subaru is developing new versions of its trademark EyeSight driver assist system that will leverage artificial intelligence to deliver autonomous driving and auto parking. The all-wheel-drive niche player plans to introduce the new setups from 2025. The technology will build upon Subaru’s stereo camera system and use artificial intelligence to improve computer recognition
TOKYO — Toyota Motor Corp. and its president, Akio Toyoda, have spent much of the past year fending off criticism that they are dragging their feet on environmentally friendly electric vehicles. Now, a new emissions scandal is blowing up in Toyoda’s backyard. Emissions and fuel efficiency improprieties have come to light at Hino Motors, Toyota’s
