The slump in Japan’s global auto production eased last month as a record month in China for Toyota, Honda and Nissan offset dire market conditions elsewhere.
Toyota Motor Corp, the world’s top automaker, partly credited a boost in production in Asia for its first year-on-year overseas production rise in 13 months last month. Production of 309,589 vehicles was up 4.7 percent from the same month the previous year.
Toyota’s global production remained sluggish at 508,673 vehicles, down 8.7 percent from a year earlier.
Toyota’s China production was a record high last month at 58,592 vehicles, up 53.4 percent from the same month the previous year.
Honda Motor Co also racked up record production in China, although its worldwide production fell year-on-year for the 10th straight month.
Nissan Motor Co, allied with Renault SA of France, was another automaker with record production in China at 44,441 vehicles last month, surging 60.1 percent.
Nissan’s global production sank 13.7 percent from a year earlier to 217,954 vehicles.
Mazda Motor Corp produced 84,823 vehicles around the world last month, down 12.8 percent from the same month last year.
Mitsubishi Motors Corp produced 62,924 vehicles globally last month, down 32.1 percent.
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
The EU and US are nearing an agreement to coordinate on producing and securing critical minerals, part of a push to break reliance on Chinese supplies. The potential deal would create incentives, such as minimum prices, that could advantage non-Chinese suppliers, according to a draft of an “action plan” seen by Bloomberg. The EU and US would also cooperate on standards, investments and joint projects, as well as coordinate on any supply disruptions by countries like China. The two sides are additionally seeking other “like-minded partners” to join a multicountry accord to help create these new critical mineral supply chains, which feed into
Japan approved ￥631.5 billion (US$3.97 billion) in additional subsidies to hasten Rapidus Corp’s entry into the high-stakes artificial intelligence (AI) chipmaking arena, ramping up support for a project widely regarded as a long shot. The capital is intended to bankroll Rapidus’ work for information technology firm Fujitsu Ltd, one of the initial customers that Tokyo hopes would get the signature endeavor off the ground. The new money raises the fees and investments that the government is injecting into the start-up to ￥2.6 trillion by the end of the current fiscal year to March next year, the Japanese Ministry of Economy, Trade and
The founder of Chinese property giant Evergrande Group (恆大集團) has pleaded guilty to charges of fraud and bribery, a court said yesterday, the latest blow for what was once the country’s leading developer. Evergrande’s rise was propelled by decades of rapid urbanization and rising living standards, but in 2020, its access to credit dramatically narrowed when the government introduced curbs on excessive borrowing and speculation. The company defaulted in 2021 after struggling to repay creditors. Founder Xu Jiayin (許家印), 67, known as Hui Ka Yan in Cantonese, was reportedly held by police in 2023, with Evergrande saying he had been subjected to
RSS