Japan’s top and the largest carmakers, Toyota, Nissan and Honda Motors, to recall 6.5 million vehicles triggered by defects in Takata Corp.’s airbag inflators. …
Nissan Motor Co. surprised with it net profit growth of staggering 46.1 percent for the fourth quarter. But the fact is that the Japan’s carmaker did not show off its annual profit which was simply plane, compared to its home rivals. Certainly, the weakening yen significantly helped Nissan Motor Co. and other Japan’s companies enjoy stronger performance.
It seems that Toyota Motor Corp. is going through tough times as it will have to recall as many as 1.73 million vehicles globally as it has faced safety issues revolving around airbags. Other Japan’s carmakers, including Honda Motor Co., Nissan Motor Co. and Mazda Motor Corp., have announced the same process as their models have also encountered similar problems. But that is not the last of problems for Toyota Motor Corp. as the carmaker is now at war against Ford Motor Co. over the title of the best-selling car in 2012.
On the 8th of February, Nissan Motor Co. reported its third quarter profit which disappointed as it missed analysts’ estimates. The weaker-than-expected results were mainly driven by a territorial dispute over the Senkaku Islands that led to the Chinese boycott of Japanese products, including cars. The company, however, has decided not to change its annual profit forecast due to a weakening yen.
On the 12th of December, Nissan Motor Co., the Japan’s second-largest car manufacturer by sales, announced that the range of its hybrid models would be extended with 15 new ones by 2017. The car manufacturer’s plans are aimed at making its line of green hybrid models more attractive as the company tries to beat its arch rivals in low- and zero-emission vehicles.
According to the latest reports, Japan-based Nissan Motor Co. has made plans to install “steer-by-wire” technology in Nissan cars. The Nissan Motor Co. luxury cars will be equipped with a system by means of which their steering system can be controlled electronically rather than mechanically. This is the first time that such a technology will be incorporated in the mass-produced vehicles.