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Toyota is not confident China will remain profitable

Toyota is not confident China will remain profitable

Toyota Motor Corp., the largest Japanese company and the (interim) second largest automaker in the world, said recently it “can’t be optimistic” about having its Chinese operations profitable this year. China, the world’s largest auto market, has recent forced the Japanese carmaker to lower prices and increase buying incentives offered […]

Nissan announces quarterly profit had strong jump

Nissan announces quarterly profit had strong jump

Japan’s second largest automaker announced Wednesday its first quarter operating profit jumped 58 percent, backed by increased demand for its models in the United States and China. The company, which discussed the earnings of the first quarter of the current fiscal year, announced its operating profit for the period between […]

MAN ready for reorganization following European loss

MAN ready for reorganization following European loss

Volkswagen Ag has been keen to promote its commercial trucking unit, comprised of affiliates MAN and Scania into a coherent division that can compete with the larger competitors – Daimler AG and Volvo. MAN SE has announced plans to restructure its production and administration of the European truck and bus […]