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Nissan CEO says the company has cut vehicle development time by about half through restructuring, aiming to accelerate new model launches. The move is part of a broader strategy to boost competitiveness amid industry shifts.
Nissan will cut its vehicle development time by half, reducing it from 48 months to 24 months as part of an aggressive restructuring plan. The move aims to speed up product launches, cut costs, and improve competitiveness in the rapidly changing automotive market.
Toyota Motor Corp. has stopped developing a new Lexus electric vehicle, sources said Friday. The decision reflects a broader reassessment of Toyota's EV strategy amid changing market demand and competition. No official reason or restart timeline has been given.
Toyota Motor Corp. reported a 3.1% year-on-year decline in global sales for April 2026, the third consecutive monthly decrease. Sales dropped by 93,000 vehicles, driven by weakness in Japan and parts of Asia, even as North America and Europe posted gains.
A joint venture between five companies, including Chinese automaker Chery and Japanese auto parts retailer Autobacs Seven, announced the launch of a new mini electric vehicle brand named EMTA in Japan next year. The first model, a mini EV, is slated for release in 2026.
China exported 278,081 electric vehicles in April, up 40% year-on-year, with Asia as the top importing region, despite US and EU tariff barriers. Asia received 110,613 EVs, while Brazil saw the strongest demand growth at 221%.
Vietnamese EV maker VinFast has converted $7 billion in debt, alarming analysts who see a potential liquidity crisis. The company's rapid expansion has created a heavy debt load relative to cash flow, raising concerns about its ability to avoid default.
Honda Motor expects to return to profit in the current fiscal year, but analysts say the recovery may not be enough to ensure the struggling automaker regains its growth momentum soon. The company faces tough competition in EVs.
Honda Motor Co. has reported its first annual net loss since the company's 1957 stock listing, a historic setback driven by plunging sales, supply chain disruptions, and rising costs tied to a push into electric vehicles. Analysts cite the pandemic and a shift to EVs as key factors. Shares fell sharply on the news.
