Toyota Motor is prepping the first-ever "green bond" in the U.S. auto asset-backed security (ABS) market.» Read More
TOKYO, Feb 21- Fewer than one in five Japanese companies plan to raise base wages in the coming business year, a Reuters survey shows, a stark sign that Prime Minister Shinzo Abe's stimulus policies are still struggling to gain traction.
TORONTO, Feb 20- Panasonic Corp has been fined C $4.7 million for rigging bids to supply equipment for Toyota Motor Corp cars made in Canada, the country's Competition Bureau said on Thursday.
WASHINGTON, Feb 20- A former director of Japan's Denso Corp has agreed to plead guilty to obstruction of justice in connection with a U.S. Justice Department probe into companies fixing the prices of automobile heater control panels, the department said on Thursday.
PARIS, Feb 19- PSA Peugeot Citroen's new boss promised a back-to-basics turnaround as the troubled carmaker unveiled a French-backed rescue deal with China's Dongfeng on Wednesday, along with another multibillion-euro loss.
PARIS, Feb 19- PSA Peugeot Citroen plans to build new cars and expand in Asia under a French-backed rescue deal agreed with China's Dongfeng, the carmaker said on Wednesday, as it posted a $3.2 billion loss that underscores the scale of the task ahead.
China's Dongfeng Motor and PSA Peugeot Citroen will agree on Tuesday to a capital tie-up as part of a broader 3 billion euro fundraising.
*Peugeot and Dongfeng to announce tie-up- sources. PARIS, Feb 18- PSA Peugeot Citroen and China's Dongfeng have agreed a 3 billion euro capital tie-up that buys the French carmaker more time to turn its business around, brings in new management and ends two centuries of family control.
*Demand in European Union up for the 5th consecutive month. FRANKFURT, Feb 18- European car sales rose 5.2 percent in January, with increases in previously crisis-hit countries such as Greece, Ireland, Italy and Portugal suggesting a recovery is gaining strength.
Japan's benchmark index rallied to a near three-week high on Tuesday following the Bank of Japan's monetary policy announcement.
TOKYO, Feb 18- Most Japanese car makers including Toyota Motor Corp have resumed operations at their plants that were suspended after heavy snow disrupted parts deliveries, companies said on Tuesday, limiting impact on their domestic production volume.
*Weak spending raises questions about economic outlook. TOKYO, Feb 18- Japanese consumers ended last year with a whimper instead of the bang many had expected, reinforcing a nagging worry that the prime minister's aggressive policies are struggling to find support among those key to its success.
TOKYO, Feb 17- Japanese car makers including Toyota Motor Corp and Honda Motor Co suspended operations at some of its plants in central and eastern Japan after heavy snow disrupted their supply chains and prevented workers from commuting.
Some vehicles can lose as much as a third of their fuel economy when the temperature drops to 20 degrees, new research says.
DETROIT, Feb 14- Toyota Motor Corp is recalling about 295,000 Lexus and Toyota brand vehicles globally, mostly in the United States, because various safety systems including stability control and anti-lock brakes could become inoperative. There have been no reports of accidents or injuries related to the issue, said a Toyota spokesman.
Safety systems on 261,114 Lexus and Toyota vehicles in the United States, including stability control and anti-lock brakes, could fail.
DETROIT, Feb 14- Toyota Motor Corp is recalling 261,114 Lexus and Toyota brand vehicles in the United States because various safety systems, including stability control and anti-lock brakes, could become inoperative. Toyota officials could not immediately be reached to comment.
*Yahoo Japan jumps on inclusion in Goldman's conviction buy list. TOKYO, Feb 14- Japan's Nikkei share average rose on Friday morning, tracking gains on Wall Street as investors shrugged off weak U.S. data and stayed optimistic over the long-term economic outlook.
WASHINGTON, Feb 13- Japan's Bridgestone Corp has agreed to plead guilty and to pay a $425 million criminal fine for its role in a conspiracy to fix prices on certain automotive parts, the U.S. Department of Justice said on Thursday.
Asian equity markets ended lower on Thursday due to profit-taking and as investors focused on regional earnings reports.
*Renault targets 5 pct margin, 50 bln euros sales in 2017. PARIS, Feb 13- French carmaker Renault said on Thursday it would lift revenue by a quarter and its operating profit margin to 5 percent in 2017, extending its turnaround plan by a year after a missed sales goal.