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Ghosn Expects Infiniti to Add to Nissan’s Profit Due to Weakening Yen


Nissan CEO Carlos Ghosn said that the Infiniti brand will make a significant contribution to the group’s profit, especially if the yen will continue to drop. Over the past two years, due to the strong yen, Infiniti’s profit contribution to the Japanese automaker has been erased. Infiniti accounted for only 1% of Nissan’s profit. “If the new trend on the yen hopefully ...
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Toyota Outsells Automakers for the Fifth Consecutive Quarter on Weak Yen
Toyota managed to surpass in sales all automakers for the fifth consecutive quarter due to yen’s depreciation. Toyota’s global sales, including those of subsidiaries Daihatsu and Hino, reached 2.43 million vehicles ...
Ferrari Japan Sales Reach 12-Year High on Weaker Yen
Ferrari’s sales in Japan increased to the highest level seen in the past 12 years, mainly due to the weakening yen which helped the economy rebound. The luxury automaker sold 558 ...
Kia Sees Weak Yen as ‘Weapon’ for Japanese Automakers
A senior executive at Kia said that the weakening yen becomes a ‘weapon’ for automakers in Japan, making them tougher competitors. “The weakening yen reinforces the Japanese competitors,” Kia Motors Corp. ...
Toyota Bonus Highest Than 2008 Level Due to Weak Yen
The weakening yen, which has increased the value of exports, has helped Toyota reach its highest profit since 2008. Toyota agreed for a 2013 salary bonus of 2.05 million yen ($21,375), ...
Mazda and Fuji Heavy Increase Profit Target On Weak Yen
Fuji Heavy Industries and Mazda joined Toyota in increasing their profit target as domestic production will benefit from the weak yen. Over the past three months Mazda more than doubled its ...
Suppliers Expect Toyota to Reduce Price Cuts Due to Weak Yen
Toyota’s suppliers said the automaker might not ask them to cut prices as the weak yen will boost profit. Over the last two years the strong yen made Toyota impose some ...
Toyota Plans to Increase US Sales by 6% to 2.2 Million
Toyota announced today, February 5th, that it plans to sell 2.2 million cars in the US in 2013, compared with 2.08 million sold in 2012. Toyota increased its annual net profit ...
Toyota Increases Profit Target On Better US Sales and Weak Yen
Toyota increased its annual profit target relying in stronger sales in the US and a weaker yen. Toyota, the world’s best-selling car maker, delivered a record number of vehicles in 2012, ...
Detroit 3: Japan’s currency policy “unacceptable”
A trade group representing GM, Ford and Chrysler opposes efforts by Japan's new goverment to devalue the yen and asked the Obama administration to take attitude. U.S. automakers have long criticized ...

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