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Nissan Motor reported a net profit of 3.76 billion yen ($24 million) for the June quarter, highlighting progress in its restructuring plan. The company continued to tighten costs and improve efficiency amid market volatility.
Japanese automaker Suzuki Motor Corp. is targeting a 20 percent sales increase in Africa by fiscal 2030, aiming to sell 150,000 vehicles. The strategy centers on compact cars and light trucks tailored to local conditions. Suzuki already runs assembly plants in Kenya, Ethiopia, and Nigeria and plans to widen its distribution network.
The U.S. has proposed raising regional content requirements for North American-built cars to 82%, with 50% from U.S. production, while Canada has been excluded from USMCA talks in Mexico City. Canada's economy has contracted for a second consecutive quarter amid tariff turmoil, and Ottawa is strengthening trade ties with China. Prime Minister Carney has called for a new partnership with the U.S., but warned that a country lacking self-sufficiency is not truly sovereign.
Honda forecasts net profit of 260 billion yen for fiscal 2026, surpassing analyst expectations. Revenue is seen rising 8% to 20.3 trillion yen, supported by sales recovery in North America and ASEAN. The company remains cautious amid currency risks and Chinese competition.
Nissan Motors reported a net loss of 533.10 billion yen ($3.7 billion) for fiscal 2025, its worst performance since the COVID-19 pandemic. The loss is driven by falling sales, rising costs, and supply chain issues, with analysts pointing to competition from Chinese automakers and a slow EV transition.
Nissan Motor Co. reported a net loss of 533.1 billion yen (3.4 billion USD) for fiscal 2025, marking its second consecutive year in the red. The losses are mainly due to restructuring costs as the automaker grapples with global competition and the shift to electric vehicles. Management expects restructuring measures to improve finances in the coming year.
Toyota Motor Corporation announced on May 2 consolidated revenue for fiscal year 2025 rose 5.5% to a record 50.68 trillion yen, crossing the 50 trillion mark for the first time. The strong performance was driven by robust demand for hybrids and gasoline vehicles, optimized supply chains, and sales growth in North America, Europe, and Asia.
Toyota Motor Corporation forecasts a 22% drop in net profit for fiscal year 2026, citing rising raw material costs, increased competition from electric vehicle makers, and global supply-chain uncertainties. The announcement, reported by Kyodo News, marks a significant downturn after years of stable earnings. Despite the cautious outlook, Toyota reaffirms its commitment to long-term innovation and a goal of carbon neutrality by 2050.
U.S. President Donald Trump has announced a 25% tariff on imported cars and trucks from the EU, accusing the bloc of not complying with a signed trade deal. The announcement, made on Truth Social, has raised concerns about further strains on the global economy. Experts warn the costs will likely be passed on to American consumers.
