Latest news with #JapanAutomobileManufacturersAssociation
25-06-2025
- Automotive
Japan Mobility Show to Highlight Future of Mobility in Autumn
News from Japan Economy Jun 25, 2025 18:21 (JST) Tokyo, June 25 (Jiji Press)--Japan Mobility Show 2025 will run from Oct. 31 to Nov. 9 in Tokyo with the concept of "a unique opportunity to explore mobility's future," its organizer has said. In an outline of the event announced Tuesday, the Japan Automobile Manufacturers Association said that mobility products and services to be exhibited will present a vision of a society shaped by next-generation mobility in the next decade. More than 130 companies are scheduled to participate, including Toyota Motor Corp. and Honda Motor Co., as well as seven foreign makers, such as Chinese electric vehicle giant BYD Co. Car manufacturers will unveil prototype vehicles. The event, to be held at the Tokyo Big Sight convention center, will also feature a business contest program for startups aimed at encouraging business creation related to mobility. "We want to make it an established national event that satisfies all visitors," Noriya Kaihara, head of JAMA's committee for the show and Honda executive vice president, told a briefing. [Copyright The Jiji Press, Ltd.] Jiji Press
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Business Standard
17-06-2025
- Automotive
- Business Standard
Donald Trump, Japan's Ishiba fail to reach trade deal at G7 Summit
Failure to secure a concrete deal may undermine Ishiba's leadership ahead of next month's upper house polls, despite his hopes of the summit marking a breakthrough in ongoing tariff talks Bloomberg By Sakura Murakami and Yoshiaki Nohara US President Donald Trump and Japanese Prime Minister Shigeru Ishiba failed to reach an agreement on a trade package on the sidelines of the Group of Seven summit, an outcome that leaves the Asian nation inching closer to a possible recession as the pain of US tariffs hits its economy. 'There are still some points on which the two sides are not on the same page, so we have not yet reached an agreement on the trade package,' Ishiba said to reporters on Monday in Calgary in between G7 meetings. The failure to reach a concrete agreement will raise questions over Ishiba's effectiveness as leader ahead of a crucial upper house election next month, after he touted the summit as a possible 'milestone' opportunity in tariff negotiations that have continued for about two months. With the 25 per cent auto levy in particular dealing a direct blow to the nation's most important source of exports, Ishiba's standing will likely be damaged in the eyes of Japanese voters. 'We will continue to actively coordinate with the United States to reach an agreement that is beneficial for both countries, without sacrificing Japan's national interests,' he said. He added that he could not say when a deal may be reached and that negotiations will continue on the ministerial level. As with other nations, Japan is subject to a 25 per cent levy on cars and auto parts and a 50 per cent tariff on steel and aluminum. A 10 per cent across-the-board levy on other goods is set to rise to 24 per cent in early July. Asked if the July deadline might be extended, Ishiba declined to comment. There is a particular focus on auto tariffs, which Trump has threatened to hike even further. The auto industry is crucial to the Japanese economy, employing some 5.6 million people, about 8.3 per cent of the country's work force, and generating around 10 per cent of gross domestic product, according to the Japan Automobile Manufacturers Association. Major automakers including Toyota Motor Corp., Honda Motor Co., Mazda Motor Corp. and Subaru Corp. are bracing for a collective hit of more than $19 billion this fiscal year alone from the tariffs. The impact on major auto companies would reverberate through the web of small- and mid-sized businesses that form the industry's backbone. Two-thirds of Japan's workforce is employed by firms with fewer than 1,000 people, and many of those jobs are tied in some way to the auto industry. Leading up to the summit, local media reported a vast array of potential concessions that Japan was suggesting in a bid to close the trade gap with the US, ranging from importing more soy from the US to cooperation on ship-building. Tokyo has also tried to reason with the US by citing its standing as the leading investor to the US as leverage, saying the tariffs would negatively impact Japan's capability to invest in the US by cutting into its domestic economy. Japan's cumulative foreign direct investment into the US stood at $783 billion at the end of 2023 and Ishiba pledged to boost Japan's overall investment in the US to $1 trillion during his summit with Trump in February. In return, Ishiba and his top negotiator Ryosei Akazawa had consistently pushed for a full removal of all tariffs imposed by the US. Ultimately, it doesn't appear that those promises impressed the US. Ishiba has seen a bump in his ratings recently, thanks in part to Agriculture Minister Shinjiro Koizumi taking on rising rice prices — an issue emblematic of how inflation is hitting households. His approval ratings rose 5 percentage points to 38 per cent, according to a poll conducted over the weekend by broadcaster FNN. But the lack of substantial progress on a trade deal even after meeting with Trump threatens to erase those gains. Japan was among the first nations to start talks with the US and was considered likely to be among the first to reach an agreement. But it appears to have fallen behind others as the US struck a deal with the UK and reached a truce over tariffs with China.
Yahoo
09-06-2025
- Automotive
- Yahoo
Japan's vehicle market expands by 4% in May
Japan's new vehicle market expanded by 4% year-on-year to 324,064 units in May 2025 from 312,406 units in the same month last year, according to registration data released by the Japan Automobile Manufacturers Association. The country's vehicle market last month continued to recover from weak year-earlier levels, when Daihatsu Motor - Toyota Motor's small car subsidiary - was forced to halt production of a number of key models following its widely covered safety test rigging scandal. This also affected other affiliated brands, including Mazda and Subaru. In the first five months of 2025, the market expanded by 11% to 1,952,294 units after falling by 15% to 1,753,891 in the same period last year, with sales of passenger cars rising by 12% to 1,660,261 units and truck sales increasing by 10% to 287,068 units, while sales of medium and large buses and coaches surged by 15% to 4,965 units. Toyota's domestic sales rose by 16% to 604,919 units year-to-date, while Daihatsu's sales surged by 150% to 211,866 units from very depressed year-earlier levels, and Mazda's volumes rebounded by 18% to 69,865 units. Brands not affected by last year's production stoppages did not perform as well in this period, including Suzuki which saw its sales fall slightly to 315,124 units, while Honda's sales were down by 4% to 270,440 units, and Nissan's sales declined by over 11% to 185,449 units. Overseas brands account for just 4% of total vehicle sales in Japan year-to-date, led by German automakers including Mercedes-Benz, BMW-Mini, Audi and Volkswagen. "Japan's vehicle market expands by 4% in May" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
The Mainichi
22-05-2025
- Automotive
- The Mainichi
Japan auto body urges swift removal of Trump's additional tariffs
TOKYO (Kyodo) -- The head of Japan's auto industry body urged Thursday the swift removal of U.S. President Donald Trump's additional 25 percent tariffs on cars and their parts, as Tokyo plans another round of ministerial-level tariffs talks with Washington later this week. "We hope for tenacious talks to achieve an early agreement," Masanori Katayama, chairman of the Japan Automobile Manufacturers Association, told a press conference. He added that the association looks forward to "productive dialogue" to continue between Japan and the United States and hopes such discussions will foster the business environment of both countries' automotive industries. Japan's top tariffs negotiator, Ryosei Akazawa, is set to travel to the United States from Friday for the third round of tariffs talks with U.S. ministers, where negotiations in the auto and farm sectors are set to be in focus. Major Japanese automakers including Toyota Motor Corp. and Honda Motor Co. have projected a fall in net profits, while others skipped releasing their earnings estimates for the current year through March due to uncertainties over Trump's tariff measures. "It is impossible" for tariffs on autos not be negotiated in the talks with the United States, Katayama, chairman and CEO of Isuzu Motors Ltd., told reporters. Katayama stressed that Japanese automakers have contributed significantly to the U.S. economy, unveiling latest data that they have invested some $66.4 billion in the country since 1982, when local production there was launched, through the end of 2024. Data also showed that the automakers locally produced 100 million units. In 2024, 3.28 million units were produced, generating 110,000 jobs. Trump's auto tariffs have weighed on Japan's mainstay auto sector. According to official Japanese trade data, about 1.37 million vehicles were shipped to the United States in 2024, accounting for 28.3 percent of its total exports to the world's largest economy in terms of value.
Yahoo
07-04-2025
- Automotive
- Yahoo
Japan's vehicle market grows 11% in March
Japan's new vehicle market expanded by 11% year-on-year to 499,745 in March 2025, up from 451,444 units in the same month last year, according to registration data released by the Japan Automobile Manufacturers Association. The country's vehicle market last month continued to rebound from weak year-earlier data, when Daihatsu Motor - Toyota Motor's small car subsidiary - was forced to halt production of a number of key models following a safety test rigging scandal. This also affected other affiliated brands, including Mazda and Subaru. In the first quarter of the year, the market expanded by almost 14% to 1,285,351 units from 1,131,140 a year earlier, with sales of passenger cars rising by 14% to 1,103,666 units, while truck sales increased by 11% to 178,086 units and sales of medium and large buses and coaches surged by 23% to 3,599 units. Toyota's first-quarter domestic sales rose by 20% to 392,745 units, while Daihatsu's sales surged almost threefold to 132,590 units from very depressed year-earlier levels, and Mazda's volumes rebounded by 25% to 49,284 units. Brands not affected by last year's production stoppages did not perform as well in this period, including Suzuki which saw its sales fall by 2% to 201,038 units, and Nissan with a 9% decline to 133,337 units, while Honda's sales were unchanged at 184,055 units. Overseas brands account for just 4% of total vehicle sales in Japan year-to-date, led by German automakers including Mercedes-Benz, BMW-Mini, Audi and Volkswagen. "Japan's vehicle market grows 11% in March" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
