hama City) on June 24. Discussions at the meeting became contentious as shareholders questioned the responsibility of independent outside directors and former management members for worsened business conditions and submitted unscheduled motions. Five items were proposed by shareholders, including a revision of the compensation system for directors, all of which were rejected. Nissan’s former President Makoto Uchida, who was repeatedly asked to ...

News  Updated at: 2025/06/25

ACEA urges swift action on EU Weights & Dimensions reform to enable zero-emission trucks On June 5, the European Automobile Manufacturers’ Association (ACEA) expressed serious concern over the lack of progress in revising the EU's Weights & Dimensions Directive. The revision is key to helping zero-emission trucks and buses enter the market in large numbers. Updating rules on vehicle weight, axle weight, and length limits is vital so that electr...

News  Updated at: 2025/06/06

collaboration with the private sector, to allow the Japanese automotive industry to maintain high international competitiveness for the era of intelligent vehicles. The Ministry is aiming to increase Japanese automakers’ share in the global software-defined vehicle (SDV) market to 30%. Its draft revision will encourage automakers to collaborate in the field of autonomous driving artificial intelligence (AI), based on the rise of rule-based aut...

News  Updated at: 2025/06/02

Honda 2025 Business update: realigning automobile electrification strategy On May 20, Honda held a press briefing on realigning its automobile electrification strategy. As for EVs, due to the revision of the product launch plan considering the recent market slowdown, the Honda global EV sales ratio in 2030 is now expected to fall below the previously announced target of 30%. Honda will position its HEVs, as the powertrain that will play a key rol...

News  Updated at: 2025/05/20

es will apply. PHEVs with an electric range of at least 80 km per charge and a fuel tank of no more than 45 liters will be taxed at 5% of their value, while those with an electric range below 80 km per charge or a fuel tank larger than 45 liters will be taxed at 10%. The Cabinet has also approved a revision of excise tax conditions for passenger cars with no more than 10 seats in the PHEV category, setting the tax rate based solely on electric ra...

News  Updated at: 2025/05/02

Nissan revises full-year FY2024 outlook, operating profit down to JPY85 billion, net loss up to JPY 750 billion due to impairment loss On April 24, Nissan Motor announced a significant revision to its financial outlook for the full fiscal year ending March 31, 2025. Compared with the outlook issued at the time of Nissan’s third quarter results in February, the forecast full-year sales volume has been lowered to 3.35 million units from 3.4 milli...

News  Updated at: 2025/04/25

rently reviewing the vehicle valuation method to ensure that the imposition of tax is carried out in a fair, neutral, and consistent manner. There has yet to be a final decision, added MoF. Following the announcement in January regarding a 1-year deferment of the open market value (OMV) excise duty revision, the Malaysian Automotive Association (MAA) president said that the effect of OMV/402 will be an average price increase of between 10-30% for...

News  Updated at: 2025/02/17

revised downward its full year outlook for fiscal year 2024 (April 1, 2024-March 31, 2025). The revised projections indicate that net revenue is expected at JPY 12,500 billion. However, operating profit is expected to reach JPY 120 billion, reflecting a decline from previous forecasts due to volume revision and incentive increase, partially offset by better foreign exchange. A net loss of JPY 80 billion is expected. Global sales volume remains un...

News  Updated at: 2025/02/14

Thai Finance Ministry plans new battery tax rate to incentivize eco-friendlier batteries Reported on January 24, 2025, the Thai Finance Ministry plans to propose to the cabinet a revision of Thailand’s battery tax in February, changing from a flat rate for all battery types to a tiered rate. This plan is expected to encourage manufacturers to produce more environmentally friendly batteries, as it incentivizes batteries with higher energy densit...

News  Updated at: 2025/01/30

MAA: OMV excise duty revision in Malaysia deferred to 2026; CKD car prices to increase 10-30% Reported on January 21, 2025, the Malaysian Automotive Association (MAA) president has confirmed another deferment of the implementation of the Excise (Determination of Value of Locally Manufactured Goods for the Purpose of Levying Excise Duty) Regulations 2019. The OMV (open market value) excise duty revision has now been deferred to January 2026. Accor...

News  Updated at: 2025/01/27

vestment has been adjusted to INR 6.5 billion, down from the previously planned INR 7.25 billion. This tranche will be completed by March 31, 2025, bringing BII’s total investment in MEAL to INR 18.5 billion. Consequently, BII will hold a 2.64% to 4.58% stake in MEAL on a fully diluted basis. The revision does not impact MEAL’s business plans.On May 16, 2024, Mahindra informed that both parties extended the timeline to reassess funding requir...

News  Updated at: 2024/12/30

h steering and suspension-related parts as its main production.  THK cited TRMS’s declining profitability amid the deteriorating market, as well as rising steel prices and labor costs, making it difficult to continue production in Malaysia in the future. The decision is also in line with THK’s revision policy issued in November. It aims to implement selection and concentration of its businesses under the policy of Promotion of Management Tha...

News  Updated at: 2024/12/26

Stellantis may revise Mexico manufacturing strategy, citing upcoming Trump tariffs On November 21 at the 2024 Los Angeles Auto Show, Stellantis Ram brand head Chris Feuell acknowledged the company is considering a revision of its manufacturing expansion into Mexico in response to potential tariffs proposed by President-elect Donald Trump. Stellantis is expanding its pickup truck plant in Saltillo, Mexico to produce some Ram 1500 trucks in 2025. T...

News  Updated at: 2024/11/26

024 According to the April-September 2024 financial results announced by listed Japanese companies that mainly produce commercial vehicle parts, all of them reported a decrease in revenue and profits. Press Kogyo Co., Ltd. (Press Kogyo) and Sawafuji Electric Co., Ltd. have also announced a downward revision to their outlook for all profit account items for the fiscal year that ends in March 2025 (FY 2024). TBK Co., Ltd. (TBK), a maker of products...

News  Updated at: 2024/11/20

management. After a 91.33% vote ratified the Agreement in Principle on November 7, 2024. UGT aims to continue securing benefits for all Renault Spain workers, including: Job security, with 100 permanent contracts this year. A recovery in purchasing power, with a CPI increase plus 1% and an upward revision clause, expecting a 3.1% rise from January. Social benefits The agreements are approved by workers through votes, but they face challenges d...

News  Updated at: 2024/11/13

Gaikindo cuts Indonesia’s 2024 vehicle sales target to 850,000 units Announced on October 25, 2024, the Association of Indonesian Automotive Industries (Gaikindo) has revised its 2024 car sales target from 1.1 million units down to 850,000 units.  According to Gaikindo Chairman I, the local automotive market, especially 4-wheeled vehicles throughout the year, remained sluggish.  The revision is also based on the results of discussions with th...

News  Updated at: 2024/10/31

MLIT to alter part of provisions for taxi and bus service operators, assuming level-4 autonomous driving The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) unveiled a draft of a notification explaining a partial revision of the standard provisions for regular passenger transportation service providers. It states that taxi and bus operators can entrust the management of their operations to certified autonomous driving operators or ...

News  Updated at: 2024/10/18

hicles such as motorcycles and large-sized special motor vehicles) to be equipped with a headlight dynamic leveling device sequentially starting in September 2027. The decision is based on the agreement at the World Forum for Harmonization of Vehicle Regulations (WP.29) of the United Nations on the revision of the standards in the uniformed rules regarding the installation of lighting devices (Regulation No. 48). The ministry partially revised th...

News  Updated at: 2024/09/26

roduction for the first seven months of 2024 increased 7.7% from the same period in 2023 to 462,347 units. Last month, MAA revised its original annual sales forecast from 740,000 units to 765,000, changing from a projected decrease of 7.5% to a projected decrease of 4.3% compared to last year. This revision was influenced by several positive factors, including the government's forecast of Malaysia's GDP expanding in the range of 4% to 5%, Bank Ne...

News  Updated at: 2024/08/22

VW Mexico and union reach preliminary salary agreement to avoid strike at Puebla plant On August 17, it was reported that VW Mexico and the Independent Union of Volkswagen Automotive Industry Workers (SITIAVW) at the Puebla plant reached a preliminary wage agreement regarding the revision of the 2024 workers' contract. The agreement consists of a global increase of 10.59% in salary and benefits, with 7% as a direct increase in salary and a 3.59% ...

News  Updated at: 2024/08/20