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Asia Top News and Analysis Japan


  • Prius Problems Could Stall Brand Thursday, 4 Feb 2010 | 9:27 AM ET
    2010 Prius

    Now even Toyota's golden child is tarnished. Early this morning in Japan, Toyota announced that there was a design flaw in the anti-lock brakes of third generation Prius models made up until January of last year.

  • Toyota's Prius Problem Wednesday, 3 Feb 2010 | 9:57 AM ET
    2010 Prius

    Ever since Toyota first addressed complaints about unintended acceleration last October, there have been a steady number of complaints from Prius owners. I've heard them from time to time and they basically amount to Prius owners saying their car suddenly sped up or the brakes didn't work properly.

  • Emerging From The Crisis Tuesday, 2 Feb 2010 | 3:51 PM ET

    Japan's largest investment bank, Nomura Holdings, has been one of the beneficiaries of the financial crisis. Its EMEA Chairman and CEO Sadeq Sayeed told Maria Bartiromo on the sidelines of the World Economic Forum in Davos that "the more turmoil there in the market surprisingly helps us."

  • Toyota Called ‘A Little Safety Deaf’ Tuesday, 2 Feb 2010 | 2:02 PM ET
    Toyota Dealership

    Today in Washington, Secretary of Transportation Ray LaHood publicly blasted Toyota for being slow to react to concerns about its accelerators and unintended acceleration. LaHood said federal safety officials had to "wake them (Toyota) up" to the seriousness of the pedal issue.

  • Toyota's Problems Not a Death Blow: Wilbur Ross Tuesday, 2 Feb 2010 | 7:59 AM ET
    Wilbur Ross

    Both Toyota and its suppliers are to blame for the massive recall that hurt the Japanese automaker's reputation, investor Wilbur Ross, WL Ross & Co. Chairman and CEO, told CNBC Tuesday.

  • Ghosn Drives Toward Growth Monday, 1 Feb 2010 | 2:35 PM ET

    Automakers around the world have found some stabilization after trying to stabilize in 2009 in which the industry saw big players die, merge and shrink. But Renault-Nissan CEO Carlos Ghosn is optimistic, believing the sector will see gradual growth in the new year in every market except Europe.

  • Toyota headquarters

    The statement was straightforward with an appropriate amount of contrition. When I talked with Jim Lentz, the head of Toyota USA he was direct in admitting his company is embarrassed by the on-going controversy over sticking gas pedals.

  • Stable Outlook for Asian Banks: Moody's Monday, 1 Feb 2010 | 3:50 AM ET

    Asia's banking sector will return to stability this year driven by better economic conditions throughout the region, said Deborah Schuler, senior vice president for financial institutions group at Moody's Investors Service.

  • Rapid Growth Has Its Perils, Toyota Learns Thursday, 28 Jan 2010 | 10:38 AM ET
    Toyota Motor Corporation President Akio Toyoda

    Toyota managed to win bragging rights as the world’s biggest car company. But that focus on rapid growth appears to have come at a cost to its reputation for quality, creating an opportunity for others to potentially take back market share they lost to Toyota. The New York Times reports.

  • Ford Kicks in Gear with First Profitable Year Since '05 Thursday, 28 Jan 2010 | 10:34 AM ET
    Ford sign

    When I talked with Ford CEO Alan Mulally 10 minutes after his company filed fourth quarter earnings, there was a tone of satisfaction in his voice.

  • Toyota

    Think you may own one of the 2.3 million Toyota models being recalled because of a potentially dangerous accelerator?  It's easy to find out for sure.

  • Uncertainty is Biggest Threat to Toyota Wednesday, 27 Jan 2010 | 8:46 AM ET
    The Toyota logo is displayed on the grill of brand new Toyota RAV4s on the sales lot at City Toyota in Daly City, California.

    Toyota is suspending sales of roughly 57% of its new cars and shutting down assembly lines for eight models. That alone should spook Toyota investors. But the troubling part of Toyota halting sales of new models is the fact nobody knows how long it will last.

  • Whitacre Settles In As Permanent GM CEO Monday, 25 Jan 2010 | 9:48 AM ET

    Meet the new boss, same as the old boss. And for the folks at GM, this is good news. Today Ed Whitacre Jr, the GM Chairman will announce he is taking the CEO job on a permanent basis. The move comes less than two months after Whitacre replaced Fritz Henderson as Chief Executive Officer. While some will dismiss this news as a natural development at GM, this is more than simply removing "interim" from Whitacre's CEO title.

  • Can Toyota Ride Out Pedal Recall Fallout? Friday, 22 Jan 2010 | 12:28 PM ET
    The Toyota logo is displayed on the grill of brand new Toyota RAV4s on the sales lot at City Toyota in Daly City, California.

    On the surface, Toyota's latest recall related to unintended acceleration is the kind of scenario that could sink a company.

  • Toyota Accelerating Hybrid Push Wednesday, 20 Jan 2010 | 9:56 AM ET
    2010 Prius

    One day after pledging to double its hybrid sales by 2011, Toyota is putting the pieces in place to make sure it has the batteries needed to support its expanded hybrid production

  • Japan Is a Screaming Buy: Strategist Wednesday, 20 Jan 2010 | 6:23 AM ET

    Japanese stocks are the most undervalued in the world, according to fund managers surveyed by Bank of America Merrill Lynch.

  • Another Cash for Clunkers Program? Wish Again. Tuesday, 19 Jan 2010 | 11:07 AM ET
    Car Allowance Rebate System

    It is a suggestion that continues to pop up on a regular basis: The U.S. should have another Cash for Clunkers Program. Don't laugh, it's an idea that some in the industry continue to push with regularity. While their intentions and hopes are understandable, it's an idea that won't become reality.

  • Yes! There Is a Growth Story in the Auto Business Thursday, 14 Jan 2010 | 9:51 AM ET
    A123 Systems logo

    After the last three years and seeing scores of auto plants close down and thousands of plants shut down, it's easy to fall into the trap of thinking the auto industry is dead. Nothing could be further from the truth.

  • Asian Stocks End Higher on Positive US Lead Thursday, 14 Jan 2010 | 6:21 AM ET

    Asian stock markets made gains on Thursday, following the positive lead on Wall Street overnight.

  • Talking Technicals: Japan Wednesday, 13 Jan 2010 | 4:25 PM ET

    Time for our weekly tick by tick of charts with Jordan Kotick, Global Head of Technical Analysis at Barclays.