Page 8 - Stephen Ma News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Daniel Leussink TOKYO (Reuters) - Japanese automakers are getting much-needed cover from an old standby, as the weaker yen helps prop up profits ...

Japanese automakers are getting much-needed cover from an old standby, as the weaker yen helps prop up profits amid declining sales in China and the increasingly tough shift to electric vehicles.

Japanese automakers are getting much-needed cover from an old standby, as the weaker yen helps prop up profits amid declining sales in China and the increasingly tough shift to electric vehicles. Toyota, Honda and Nissan recently reported earnings that topped analyst estimates by 6% to 21% in the three months through June, and all cited the currency as a factor. "If the yen stays low, they clearly benefit but it doesn't offset any other concerns," said Satoru Aoyama, senior director at Fitch Ratings Japan.

Nissan Motor Co., Ltd. today announced the following executive committee changes which will take effect from July 1, 2023. “In response to...

Nissan Motor Co has decided to not fill in the chief operating officer position vacated by Ashwani Gupta under a new management structure, the Japanese automaker said on Wednesday. Responsibilities previously carried out by the operations chief will be taken over by other executives, it said. Hideyuki Sakamoto, executive vice president in charge of manufacturing and supply chain management, will be responsible for purchasing.