The Truth About Cars » Yen http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Tue, 03 May 2016 20:50:04 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 Toyota’s FY 2014 Profits Rise As Yen Weakens http://www.thetruthaboutcars.com/2015/02/toyotas-fy-2014-profits-rise-yen-weakens/ http://www.thetruthaboutcars.com/2015/02/toyotas-fy-2014-profits-rise-yen-weakens/#comments Mon, 09 Feb 2015 12:00:11 +0000 http://www.thetruthaboutcars.com/?p=994818 Aside from holding onto its global sales crown for another year, Toyota is also doing well at the bank thanks to a weaker yen. The New York Times reports in Q3 2014, the automaker earned a net profit of ¥1.73 trillion ($14.7 billion USD), besting its earnings in Q3 2013 by 13.2 percent. In turn, […]

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Aside from holding onto its global sales crown for another year, Toyota is also doing well at the bank thanks to a weaker yen. The New York Times reports in Q3 2014, the automaker earned a net profit of ¥1.73 trillion ($14.7 billion USD), besting its earnings in Q3 2013 by 13.2 percent. In turn, […]

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Honda, Nissan, Toyota Set Production Record Against Weakening Yen http://www.thetruthaboutcars.com/2014/01/honda-nissan-toyota-set-production-record-against-weakening-yen/ http://www.thetruthaboutcars.com/2014/01/honda-nissan-toyota-set-production-record-against-weakening-yen/#comments Thu, 23 Jan 2014 16:32:38 +0000 http://www.thetruthaboutcars.com/?p=706538 As the yen weakened against the dollar for a second consecutive year, Honda, Nissan and Toyota all set production records in their North American plants in 2013, according to Automotive News. Outputs for the trio last year include 1.86 million units for Toyota, 1.78 million for Honda, and 1.47 million for Nissan, though gains on […]

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As the yen weakened against the dollar for a second consecutive year, Honda, Nissan and Toyota all set production records in their North American plants in 2013, according to Automotive News. Outputs for the trio last year include 1.86 million units for Toyota, 1.78 million for Honda, and 1.47 million for Nissan, though gains on […]

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Akio Toyoda Sees Emerging Markets’ Growth Slowing, Uncertainties in China, Japan http://www.thetruthaboutcars.com/2014/01/akio-toyoda-sees-emerging-markets-growth-slowing-uncertainties-in-china-japan/ http://www.thetruthaboutcars.com/2014/01/akio-toyoda-sees-emerging-markets-growth-slowing-uncertainties-in-china-japan/#comments Thu, 02 Jan 2014 13:00:58 +0000 http://www.thetruthaboutcars.com/?p=691122 Bloomberg is reporting that Akio Toyoda, president of Toyota Motor Corp. and scion of its founding family said that a slowdown in emerging markets and uncertainty over demand in both China and the Japanese home market makes 2014 “unpredictable”. While the weaker yen increased earnings for Japanese exporters, those profits are being offset by slowing demand […]

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Bloomberg is reporting that Akio Toyoda, president of Toyota Motor Corp. and scion of its founding family said that a slowdown in emerging markets and uncertainty over demand in both China and the Japanese home market makes 2014 “unpredictable”. While the weaker yen increased earnings for Japanese exporters, those profits are being offset by slowing demand […]

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Where Is Currency Manipulation When We Need It: Ford Shuts Down Down Under http://www.thetruthaboutcars.com/2013/05/where-is-currency-manipulation-when-we-need-it-ford-shuts-down-down-under/ http://www.thetruthaboutcars.com/2013/05/where-is-currency-manipulation-when-we-need-it-ford-shuts-down-down-under/#comments Thu, 23 May 2013 08:41:51 +0000 http://www.thetruthaboutcars.com/?p=489346 Ford has long been at the forefront of the currency debate, claiming currency manipulation when the yen went to levels that nearly killed the Japanese auto industry, and shouting “currency manipulation” now that the yen is back to normal levels. Now, Ford itself experiences the devastating effects of changing exchange rates:  Ford is shutting down […]

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Ford has long been at the forefront of the currency debate, claiming currency manipulation when the yen went to levels that nearly killed the Japanese auto industry, and shouting “currency manipulation” now that the yen is back to normal levels. Now, Ford itself experiences the devastating effects of changing exchange rates:  Ford is shutting down […]

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Ghosn Wants The Yen Go Lower, Mulally Disagrees http://www.thetruthaboutcars.com/2013/05/ghosn-wants-the-yen-go-lower-mulally-disagrees/ http://www.thetruthaboutcars.com/2013/05/ghosn-wants-the-yen-go-lower-mulally-disagrees/#comments Tue, 14 May 2013 19:10:44 +0000 http://www.thetruthaboutcars.com/?p=488518 Of course, Carlos Ghosn did not miss this opportunity to talk about his most favorite topic: The value of the yen.  As last Friday, the CEO of Renault and Nissan still does not want to hear talk of a low yen. Ghosn says the Japanese currency “is coming back to normal levels,” and as far […]

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Of course, Carlos Ghosn did not miss this opportunity to talk about his most favorite topic: The value of the yen.  As last Friday, the CEO of Renault and Nissan still does not want to hear talk of a low yen. Ghosn says the Japanese currency “is coming back to normal levels,” and as far […]

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Ex-Ford CEO Says Australian Car Industry Is Dead http://www.thetruthaboutcars.com/2013/04/ex-ford-ceo-says-australian-car-industry-is-dead/ http://www.thetruthaboutcars.com/2013/04/ex-ford-ceo-says-australian-car-industry-is-dead/#comments Tue, 30 Apr 2013 13:57:43 +0000 http://www.thetruthaboutcars.com/?p=486735 Jac Nasser, the former head of Ford, is warning that Australia’s car industry has passed the point of no return, and expects to see it die within the next few years. Nasser placed the blame at the politicians doorstep, citing a dearth of state subsidies for the auto industry and a lack of clear vision on the […]

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Jac Nasser, the former head of Ford, is warning that Australia’s car industry has passed the point of no return, and expects to see it die within the next few years. Nasser placed the blame at the politicians doorstep, citing a dearth of state subsidies for the auto industry and a lack of clear vision on the […]

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Where Is Currency Manipulation When We Need It: Japanese Complain About A Weak Yen For A Change http://www.thetruthaboutcars.com/2013/04/where-is-currency-manipulation-when-we-need-it-japanese-complain-about-a-weak-yen-for-a-change/ http://www.thetruthaboutcars.com/2013/04/where-is-currency-manipulation-when-we-need-it-japanese-complain-about-a-weak-yen-for-a-change/#comments Fri, 26 Apr 2013 15:23:12 +0000 http://www.thetruthaboutcars.com/?p=486288 The retreating yen allowed Honda and Mazda to report bigger profits for the last quarter of their April to March fiscal year. Now the two are faced with a new problem, one that will also be shared by its Japanese peers: Higher costs of badly needed foreign investments. “We are investing a huge amount, especially […]

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The retreating yen allowed Honda and Mazda to report bigger profits for the last quarter of their April to March fiscal year. Now the two are faced with a new problem, one that will also be shared by its Japanese peers: Higher costs of badly needed foreign investments. “We are investing a huge amount, especially […]

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Weak Yen, New Models, Has Mazda In Reach Of Profitability http://www.thetruthaboutcars.com/2013/04/weak-yen-new-models-has-mazda-in-reach-of-profitability/ http://www.thetruthaboutcars.com/2013/04/weak-yen-new-models-has-mazda-in-reach-of-profitability/#comments Fri, 05 Apr 2013 12:00:15 +0000 http://www.thetruthaboutcars.com/?p=483676 A weak yen and a slew of new models has Mazda within sight of profitability. With Mazda heavily dependent on exports, the yen’s 16 percent decrease in value relative to the U.S. dollar could not have come at a better time for Mazda, as it readies a whole slate of new products for sale. According […]

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A weak yen and a slew of new models has Mazda within sight of profitability. With Mazda heavily dependent on exports, the yen’s 16 percent decrease in value relative to the U.S. dollar could not have come at a better time for Mazda, as it readies a whole slate of new products for sale. According […]

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Fit To Lead Honda’s Quest For More North American Sales http://www.thetruthaboutcars.com/2012/11/fit-to-lead-hondas-quest-for-more-north-american-sales/ http://www.thetruthaboutcars.com/2012/11/fit-to-lead-hondas-quest-for-more-north-american-sales/#comments Mon, 05 Nov 2012 21:11:43 +0000 http://www.thetruthaboutcars.com/?p=465917 Honda is hoping that the next-generation Fit subcompact will see its volume nearly triple, going from 64,000 units per year to 200,000 by 2016. Honda is targeting sales of 2 million units in North American by March, 2017. With sales currently resting at 1.7 million, responsibility for the sales increase would largely be up to the Fit. […]

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Honda is hoping that the next-generation Fit subcompact will see its volume nearly triple, going from 64,000 units per year to 200,000 by 2016. Honda is targeting sales of 2 million units in North American by March, 2017. With sales currently resting at 1.7 million, responsibility for the sales increase would largely be up to the Fit. […]

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Japanese Auto Lobby Wants Yen Intervention http://www.thetruthaboutcars.com/2012/09/japanese-auto-lobby-wants-yen-intervention/ http://www.thetruthaboutcars.com/2012/09/japanese-auto-lobby-wants-yen-intervention/#comments Fri, 14 Sep 2012 19:02:09 +0000 http://www.thetruthaboutcars.com/?p=460425 The strong yen is putting a major crimp on auto maker profits, and now, Japan’s auto lobby is asking the government to do something about it. Akio Toyoda, head of both Toyota and the Japanese Auto Manufacturers Association (the lobby group in question), released a statement on behalf of JAMA members, stating “The current foreign […]

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The strong yen is putting a major crimp on auto maker profits, and now, Japan’s auto lobby is asking the government to do something about it. Akio Toyoda, head of both Toyota and the Japanese Auto Manufacturers Association (the lobby group in question), released a statement on behalf of JAMA members, stating “The current foreign […]

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Say “As-Salamu Alaykum” To Yusuf al-Isuzu http://www.thetruthaboutcars.com/2012/07/say-as-salamu-alaykum-to-yusuf-al-isuzu/ http://www.thetruthaboutcars.com/2012/07/say-as-salamu-alaykum-to-yusuf-al-isuzu/#comments Fri, 20 Jul 2012 17:34:17 +0000 http://www.thetruthaboutcars.com/?p=453597 Isuzu is joining the “let’s flee Japan and the rising yen” bandwagon, and their latest venture involves assembling export-bound trucks in Saudi Arabia. Just-Auto outlines Isuzu’s strategy, which has nothing to do with the VehiCross Isuzu can minimize the effects of the strong yen and better compete for what is expected to be a growing […]

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Isuzu is joining the “let’s flee Japan and the rising yen” bandwagon, and their latest venture involves assembling export-bound trucks in Saudi Arabia. Just-Auto outlines Isuzu’s strategy, which has nothing to do with the VehiCross Isuzu can minimize the effects of the strong yen and better compete for what is expected to be a growing […]

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Honda Moving Civic Hybrid Production To Indiana http://www.thetruthaboutcars.com/2012/07/honda-moving-civic-hybrid-production-to-indiana/ http://www.thetruthaboutcars.com/2012/07/honda-moving-civic-hybrid-production-to-indiana/#comments Thu, 19 Jul 2012 16:38:57 +0000 http://www.thetruthaboutcars.com/?p=453501 Honda is shifting production of the Civic Hybrid out of Japan and over to the United States, as part of a plan to boost their Indiana assembly plant. The Greensburg plant will get a boost in capacity, allowing it to produce 250,000 vehicles per year. The $40 million upgrade will add 300 new jobs, and […]

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Honda is shifting production of the Civic Hybrid out of Japan and over to the United States, as part of a plan to boost their Indiana assembly plant. The Greensburg plant will get a boost in capacity, allowing it to produce 250,000 vehicles per year. The $40 million upgrade will add 300 new jobs, and […]

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Subaru Is Like, So Over China, Totally Moved On To America http://www.thetruthaboutcars.com/2012/05/subaru-is-like-so-over-china-totally-moved-on-to-america/ http://www.thetruthaboutcars.com/2012/05/subaru-is-like-so-over-china-totally-moved-on-to-america/#comments Thu, 17 May 2012 14:07:41 +0000 http://www.thetruthaboutcars.com/?p=444813 Subaru’s failed relationship with China hasn’t burdened Subaru with too much baggage; the automaker is already moving on, planning to expand its Indiana plant to build more Legacy and Outback models. The 52,000 square foot expansion will be worth $75 million. The body assembly facility will be the main area of focus, and is expected […]

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Subaru’s failed relationship with China hasn’t burdened Subaru with too much baggage; the automaker is already moving on, planning to expand its Indiana plant to build more Legacy and Outback models. The 52,000 square foot expansion will be worth $75 million. The body assembly facility will be the main area of focus, and is expected […]

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Nissan’s Ghosn Worried About Power. The Power Of The Yen http://www.thetruthaboutcars.com/2012/05/nissans-ghosn-worried-about-power-the-power-of-the-yen/ http://www.thetruthaboutcars.com/2012/05/nissans-ghosn-worried-about-power-the-power-of-the-yen/#comments Mon, 07 May 2012 12:08:29 +0000 http://www.thetruthaboutcars.com/?p=443192 With the closure of Japan’s last operating nuclear power plant hitting the news over the weekend,  people asked me what that means for Japan’s auto industry. My answer: Nothing.  The shutdown of the first nukes on March 11 a year ago was much more dangerous than the long scheduled downing of the last. Nissan’s Carlos […]

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With the closure of Japan’s last operating nuclear power plant hitting the news over the weekend,  people asked me what that means for Japan’s auto industry. My answer: Nothing.  The shutdown of the first nukes on March 11 a year ago was much more dangerous than the long scheduled downing of the last. Nissan’s Carlos […]

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TTAC Photo Documentary: Carlos Ghosn Talks The Yen Down. And Nearly Succeeds http://www.thetruthaboutcars.com/2012/02/ttac-photo-documentary-carlos-ghosn-talks-the-yen-down-and-nearly-succeeds/ http://www.thetruthaboutcars.com/2012/02/ttac-photo-documentary-carlos-ghosn-talks-the-yen-down-and-nearly-succeeds/#comments Mon, 27 Feb 2012 18:45:47 +0000 http://www.thetruthaboutcars.com/?p=432991 Today, Nissan had invited distinguished guests, from the Governor of Kanagawa province all the way to the chief of the local fire department, to commemorate the 30th anniversary of the Nissan Technical  Center. Nissan’s main R&D hub is a city of 9,500, nestled into the foothills of Mount Fuji and surrounded by hills that keep […]

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Today, Nissan had invited distinguished guests, from the Governor of Kanagawa province all the way to the chief of the local fire department, to commemorate the 30th anniversary of the Nissan Technical  Center. Nissan’s main R&D hub is a city of 9,500, nestled into the foothills of Mount Fuji and surrounded by hills that keep […]

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Dropping Euro Makes Japanese Carmakers Want To Throw Up http://www.thetruthaboutcars.com/2012/01/dropping-euro-makes-japanese-carmakers-want-to-throw-up/ http://www.thetruthaboutcars.com/2012/01/dropping-euro-makes-japanese-carmakers-want-to-throw-up/#comments Tue, 17 Jan 2012 18:24:01 +0000 http://www.thetruthaboutcars.com/?p=426968 Everybody is talking about how much the Euro is losing against the dollar. At closer look, it is not alarming. Even during normal times I have seen lower Euro rates than the current $1.27. But wait until you look at the Euro from a Japanese perspective. (Like the one I have at the moment, sitting […]

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Everybody is talking about how much the Euro is losing against the dollar. At closer look, it is not alarming. Even during normal times I have seen lower Euro rates than the current $1.27. But wait until you look at the Euro from a Japanese perspective. (Like the one I have at the moment, sitting […]

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The Exodus From Japan Begins In Earnest http://www.thetruthaboutcars.com/2011/12/the-exodus-from-japan-begins-in-earnest/ http://www.thetruthaboutcars.com/2011/12/the-exodus-from-japan-begins-in-earnest/#comments Sun, 04 Dec 2011 19:36:02 +0000 http://www.thetruthaboutcars.com/?p=421373 It looks like Carlos Ghosn is tired of talking about the inaction of the Japanese government with regards to the killer yen. He told his people to start packing. The Nikkei [sub] reports today that Nissan will stop making in Japan newly developed cars for export from Japan.  New cars will be produced at overseas […]

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It looks like Carlos Ghosn is tired of talking about the inaction of the Japanese government with regards to the killer yen. He told his people to start packing. The Nikkei [sub] reports today that Nissan will stop making in Japan newly developed cars for export from Japan.  New cars will be produced at overseas […]

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Ghosn To Japan: Do Like Switzerland, Or Become Like Switzerland http://www.thetruthaboutcars.com/2011/12/ghosn-to-japan-do-like-switzerland-or-become-like-switzerland/ http://www.thetruthaboutcars.com/2011/12/ghosn-to-japan-do-like-switzerland-or-become-like-switzerland/#comments Sat, 03 Dec 2011 17:09:05 +0000 http://www.thetruthaboutcars.com/?p=421273 For quite some time, Carlos Ghosn had been the booh-leader against the strong Japanese yen. At the sidelines of the Tokyo Motor Show, he launched into his so far strongest worded tirade against the “abnormal” yen. He told the Japanese government to learn from the Swiss, and to basically peg the yen to another currency. […]

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For quite some time, Carlos Ghosn had been the booh-leader against the strong Japanese yen. At the sidelines of the Tokyo Motor Show, he launched into his so far strongest worded tirade against the “abnormal” yen. He told the Japanese government to learn from the Swiss, and to basically peg the yen to another currency. […]

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Japanese Auto Industry: We’re Outta Here http://www.thetruthaboutcars.com/2011/10/japanese-auto-industry-we%e2%80%99re-outta-here/ http://www.thetruthaboutcars.com/2011/10/japanese-auto-industry-we%e2%80%99re-outta-here/#comments Thu, 06 Oct 2011 19:29:02 +0000 http://www.thetruthaboutcars.com/?p=413880   Again and again, Japanese automakers had been warning that they cannot stomach the strong yen, and that it will eventually cost jobs. Today, the yen stood  at 76.6 to the dollar, and Japanese carmakers are packing. Mitsubishi  originally wanted to sharply increase Japanese production to make up for lost volume due to the tsunami. […]

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  Again and again, Japanese automakers had been warning that they cannot stomach the strong yen, and that it will eventually cost jobs. Today, the yen stood  at 76.6 to the dollar, and Japanese carmakers are packing. Mitsubishi  originally wanted to sharply increase Japanese production to make up for lost volume due to the tsunami. […]

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Ghosn On Crusade Against Japanese Yen http://www.thetruthaboutcars.com/2011/09/ghosn-on-crusade-against-japanese-yen/ http://www.thetruthaboutcars.com/2011/09/ghosn-on-crusade-against-japanese-yen/#comments Wed, 28 Sep 2011 10:57:45 +0000 http://www.thetruthaboutcars.com/?p=412809 If anyone again mentions that the Japanese manipulate their currency to get an unfair advantage in international markets, then I will strangle him.  Or make him pay my Tokyo restaurant, taxi, and even subway bills in converted dollars. Strangling would be the more humane punishment. Nissan CEO Carlos Ghosn has an even more painful option […]

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If anyone again mentions that the Japanese manipulate their currency to get an unfair advantage in international markets, then I will strangle him.  Or make him pay my Tokyo restaurant, taxi, and even subway bills in converted dollars. Strangling would be the more humane punishment. Nissan CEO Carlos Ghosn has an even more painful option […]

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Honda Joins The Guanajuato Gold Rush, Toyota On The Way? http://www.thetruthaboutcars.com/2011/08/honda-joins-the-guanajuato-gold-rush-toyota-on-the-way/ http://www.thetruthaboutcars.com/2011/08/honda-joins-the-guanajuato-gold-rush-toyota-on-the-way/#comments Sat, 13 Aug 2011 00:08:47 +0000 http://www.thetruthaboutcars.com/?p=407012 Around the time of the founding of the United States, the Mexican state of Guanajuato became home to of the one of the biggest silver mines in the world, which produced as much as 2/3rds of the world’s supply of silver at its peak. Today it’s not precious metal that’s driving Guanajuato’s booming economy, but cars, […]

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Around the time of the founding of the United States, the Mexican state of Guanajuato became home to of the one of the biggest silver mines in the world, which produced as much as 2/3rds of the world’s supply of silver at its peak. Today it’s not precious metal that’s driving Guanajuato’s booming economy, but cars, […]

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Japanese Automakers And Unions To Government: Lower Then Yen, Or We are Out Of Here http://www.thetruthaboutcars.com/2011/06/japanese-automakers-and-unions-to-government-lower-then-yen-or-we-are-out-of-here/ http://www.thetruthaboutcars.com/2011/06/japanese-automakers-and-unions-to-government-lower-then-yen-or-we-are-out-of-here/#comments Thu, 09 Jun 2011 14:20:49 +0000 http://www.thetruthaboutcars.com/?p=397939 In an (especially for Japanese tastes) strongly worded joint statement, Toshiyuki Shiga. Chairman of  Japan Automobile Manufacturers Association, and Koichiro Nishihara, President of the Confederation of Japan Automobile Workers’ Unions threw down the gauntlet to the Japanese government. Executive summary: “We are sick as hell of the high yen and we can’t take it anymore. […]

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In an (especially for Japanese tastes) strongly worded joint statement, Toshiyuki Shiga. Chairman of  Japan Automobile Manufacturers Association, and Koichiro Nishihara, President of the Confederation of Japan Automobile Workers’ Unions threw down the gauntlet to the Japanese government. Executive summary: “We are sick as hell of the high yen and we can’t take it anymore. […]

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Buy Your Toyota Now. These Prices Won’t Last http://www.thetruthaboutcars.com/2010/11/buy-your-toyota-now-these-prices-won%e2%80%99t-last/ http://www.thetruthaboutcars.com/2010/11/buy-your-toyota-now-these-prices-won%e2%80%99t-last/#comments Thu, 11 Nov 2010 14:41:08 +0000 http://www.thetruthaboutcars.com/?p=372329 Unless you plan a trip to Toyko, you probably aren’t concerned about the exchange rate of the yen. Is a Japanese car on the list of your possible purchases? Then you should be concerned. Those prices will go up. Toyota will raise its prices in the U.S. and Europe to cope with the strong yen, […]

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Unless you plan a trip to Toyko, you probably aren’t concerned about the exchange rate of the yen. Is a Japanese car on the list of your possible purchases? Then you should be concerned. Those prices will go up. Toyota will raise its prices in the U.S. and Europe to cope with the strong yen, […]

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Toyota To Japanese Government: If The Yen Gets Any Stronger, We Go http://www.thetruthaboutcars.com/2010/11/toyota-to-japanese-government-if-the-yen-gets-any-stronger-we-go/ http://www.thetruthaboutcars.com/2010/11/toyota-to-japanese-government-if-the-yen-gets-any-stronger-we-go/#comments Sat, 06 Nov 2010 12:50:15 +0000 http://www.thetruthaboutcars.com/?p=371643 Despite the riproaring profit numbers, there is trouble in Toyota City. The ever appreciating yen is gobbling up ToMoCo’s profits. Message from Toyota to the Japanese government: “Do something, or we leave.” Reports The Nikkei [sub]: “In comments that appeared to be aimed at Japanese currency authorities, Satoshi Ozawa, Toyota’s chief financial officer, said the […]

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Despite the riproaring profit numbers, there is trouble in Toyota City. The ever appreciating yen is gobbling up ToMoCo’s profits. Message from Toyota to the Japanese government: “Do something, or we leave.” Reports The Nikkei [sub]: “In comments that appeared to be aimed at Japanese currency authorities, Satoshi Ozawa, Toyota’s chief financial officer, said the […]

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Honda: Stronger Yen? We’ll Make it Up With Volume http://www.thetruthaboutcars.com/2010/11/honda-stronger-yen-we%e2%80%99ll-make-it-up-with-volume/ http://www.thetruthaboutcars.com/2010/11/honda-stronger-yen-we%e2%80%99ll-make-it-up-with-volume/#comments Thu, 04 Nov 2010 08:12:02 +0000 http://www.thetruthaboutcars.com/?p=371437 Honda is finally doing something against the ever stronger yen: They are selling more cars to make up the difference. Honda’s CFO  Yoichi Hojo told The Nikkei [sub] today that his company can make profits, even with the yen at its current near-record high against the dollar, if it can increase its global sales by […]

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Honda is finally doing something against the ever stronger yen: They are selling more cars to make up the difference. Honda’s CFO  Yoichi Hojo told The Nikkei [sub] today that his company can make profits, even with the yen at its current near-record high against the dollar, if it can increase its global sales by […]

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