Mitsubishi expects $1.4 billion loss after mileage cheating
By YURI KAGEYAMA - AP - Wed Jun 22, 4:10AM CDT
TOKYO (AP) — Mitsubishi Motors Corp., which recently acknowledged it inflated mileage on its models, is forecasting a 145 billion yen ($1.4 billion) loss for the fiscal year through March 2017.
Japan: Mitsubishi cheated on mileage by up to 16 pct
By YURI KAGEYAMA - AP - Mon Jun 20, 11:26PM CDT
TOKYO (AP) — The Japanese government said Tuesday that Mitsubishi Motors Corp. overstated mileage on its vehicles by up to 16 percent, but stopped short of slapping further penalties on the company.
Mitsubishi offers cash to Japan owners for rigged mileage
By YURI KAGEYAMA - AP - Fri Jun 17, 9:28PM CDT
TOKYO (AP) — Mitsubishi Motors is giving 100,000 yen ($960) to each Japanese owner of its car as a compensation for inflated mileage and extra gas costs.
Toyota gets bullish on plug-in hybrids with new Prius Prime
By YURI KAGEYAMA - AP - Wed Jun 15, 2:38AM CDT
TOKYO (AP) — A top engineer at Toyota says the Japanese automaker plans to get as bullish as its rivals in pushing plug-in hybrids with the introduction of its new Prius Prime.
GM: 29.34 (-0.17), TM: 106.75 (-0.37)
China auto sales growth accelerates in May to 5-month high
AP - Mon Jun 13, 6:22AM CDT
BEIJING (AP) — China's auto sales growth hit a five-month high in May, driven by the popularity of SUVs, an industry group said Monday.
F: 13.19 (-0.03), GM: 29.34 (-0.17), TM: 106.75 (-0.37)
Nissan, Takata Face Criminal Charges in Japan for Airbag Flaw
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 7:15AM CDT
Nissan Motor Co. Ltd. (NSANY) and Takata Corp are facing a criminal complaint in Japan.
SUP: 27.37 (-0.06), OSK: 47.71 (-0.26), LEA: 113.70 (-0.39)
Criminal complaint filed in Japan over faulty Takata air bag
By YURI KAGEYAMA - AP - Wed Jun 08, 2:15AM CDT
TOKYO (AP) — A criminal complaint about a Takata air bag causing injuries in a crash has been filed in Japan, the first such case in this nation related to an unfolding massive recall.
F: 13.19 (-0.03), TM: 106.75 (-0.37), HMC: 25.99 (-0.42)
Recalls and ForEx Hinder Auto Sector Growth
Zacks Equity Research - Zacks Investment Research - Fri Jun 03, 1:49PM CDT
Recalls and ForEx Hinder Auto Sector Growth
TSLA: 197.15 (-22.46), TM: 106.75 (-0.37), HMC: 25.99 (-0.42)
Auto Sales Plunge in May: ETFs & Stocks in Focus
Sweta Killa - Zacks Investment Research - Thu Jun 02, 9:37AM CDT
Auto sales dropped 6% year over year due to weak demand for sedans and fewer selling days. This marks the biggest monthly drop in nearly six years.
F: 13.19 (-0.03), LKQ: 32.86 (+0.09), ORLY: 261.98 (+1.21), CARZ: 31.75 (-0.55), XLY: 78.43 (-0.02), GM: 29.34 (-0.17), TM: 106.75 (-0.37), HMC: 25.99 (-0.42), DLPH: 69.02 (-0.15), LEA: 113.70 (-0.39)
US auto sales show signs of flattening out after long run up
By DEE-ANN DURBIN and TOM KRISHER - AP - Wed Jun 01, 4:43PM CDT
DETROIT (AP) — U.S. car buyers are tapping the brakes.
F: 13.19 (-0.03), GM: 29.34 (-0.17), TM: 106.75 (-0.37), HMC: 25.99 (-0.42)
Cummins to Gain from Innovative Products & Higher Shipment
Zacks Equity Research - Zacks Investment Research - Tue May 24, 6:33AM CDT
On May 23, 2016, we issued an updated research report on Cummins Inc. (CMI).
CMI: 115.85 (+0.49), NAV: 12.37 (+0.01), FCAU: 6.96 (-0.10)
Mitsubishi Motors president to resign over mileage scandal
By YURI KAGEYAMA - AP - Wed May 18, 6:26AM CDT
TOKYO (AP) — Mitsubishi Motors Corp. President Tetsuro Aikawa said Wednesday that he will step down to take responsibility for the mileage cheating scandal unfolding at the Japanese automaker.
Suzuki apologizes for improper road tests, denies cheating
By YURI KAGEYAMA - AP - Wed May 18, 5:08AM CDT
TOKYO (AP) — Japanese automaker Suzuki Motor Corp. apologized Wednesday for improper road tests, but denied reports that it illegally falsified mileage numbers.
South Korea to fine Nissan for allegedly bogus emission data
By YOUKYUNG LEE and YURI KAGEYAMA - AP - Mon May 16, 1:59AM CDT
SEOUL, South Korea (AP) — South Korea's Environment Ministry said Monday that it will fine Nissan's South Korean operation for manipulating emissions tests on its sports utility vehicle models, an allegation Nissan is denying.
Ghosn certain $2.2 billion deal for Mitsubishi is a bargain
By YURI KAGEYAMA - AP - Fri May 13, 2:46AM CDT
YOKOHAMA, Japan (AP) — Nissan Chief Executive Carlos Ghosn is confident a 237 billion yen ($2.2 billion) investment in a controlling stake in scandal-embroiled Mitsubishi Motors will prove a bargain when sheer size is critical in the auto industry.
GM: 29.34 (-0.17), TM: 106.75 (-0.37)
The Zacks Analyst Blog Highlights: Nissan Motor, China Automotive Systems, Unique Fabricating and Westport Innovations
Zacks Equity Research - Zacks Investment Research - Thu May 12, 8:30AM CDT
The Zacks Analyst Blog Highlights: Nissan Motor, China Automotive Systems, Unique Fabricating and Westport Innovations
WPRT: 1.85 (unch), CAAS: 3.50 (-0.01), UFAB: 13.98 (+0.01)
Nissan takes 34 pct stake in scandal-hit Mitsubishi Motors
By YURI KAGEYAMA - AP - Thu May 12, 12:42PM CDT
TOKYO (AP) — Nissan Motor Co. is investing 237 billion yen ($2.2 billion) to take a 34 percent stake in scandal-ridden Mitsubishi Motors Corp. in what Nissan Chief Carlos Ghosn said is "a win-win" deal intended to repeat the success of his Nissan-Renault alliance.
Nissan reports drop in profit, taking stake in Mitsubishi
By YURI KAGEYAMA - AP - Thu May 12, 6:30AM CDT
TOKYO (AP) — Nissan, which is taking a 34 percent stake in scandal-ridden Japanese rival Mitsubishi Motors, suffered a 40 percent plunge in January-March profit as sales dipped and currency perks faded.
Nissan and scandal-hit Mitsubishi in talks on partnership
By YURI KAGEYAMA - AP - Thu May 12, 1:07AM CDT
TOKYO (AP) — Scandal-plagued Mitsubishi Motors Corp. may have a suitor, Nissan Motor Co., headed by auto-industry turnaround guru Carlos Ghosn.