Latest news with #Mazda
Forbes
4 minutes ago
- Automotive
- Forbes
Sorry Mr Trump But Your American Cars Won't Sell In Japan. Here's Why.
The Jeep is the biggest selling American-made car in Japan. (Photo By)"n President Trump is chuffed about his recent trade deal with Japan calling it the greatest in U.S. history. "I just signed the largest trade deal in history, I think maybe the largest deal in history with Japan," Trump boasted at the White House on Tuesday evening. Japan also agreed to invest $550bn in the U.S. economy although no details were forthcoming as to which industries or sectors would benefit. Trump shakes hands with Japan's PM Shigeru Ishiba. (Photo by Jim WATSON / AFP) (Photo by JIM ... More WATSON/AFP via Getty Images) Meanwhile Japan's Prime Minister Shigeru Ishiba welcomed the announcement of the 15% reciprocal tariffs—down from 25%, stressing that it was "the lowest figure to date among countries with trade surpluses with the US'. Japan's stock market soared at news of 15% trade deal News of the deal was well-received by the Japanese stock market which saw shares soar with Mazda rising 17%, Toyota swelling by 15%, Mitsubishi up 13%, Honda increasing 11% and Nissan jumping 8%. Mazda, a carmaker who builds the majority of its vehicles in Japan, was particularly concerned about the proposed 25% tariffs. A quarter of Japan's US exports are from its critical automotive sector, which accounts for almost 3% of its economy. And it's with the auto sector that Trump really seems to have no idea what's really happening. The truth is two-fold. Firstly, before Trump started threatening Japan with tariffs, American cars entering the Japanese market, including Jeep, Cadillac and Corvette, were charged a zero tariff. Zilch! Japan has not charged tariffs or imports duties on imported cars from the U.S., or Europe for that matter, since the late 1970s. In contrast, America had imposed a 2.5% tariff on Japanese imports. Corvette sells in small numbers in Japan. (Photo By) But that's only part of the issue. Trump has continually complained that Japan does not take American cars. He has repeatedly said that the Asian nation is not open to U.S. vehicles. After this major trade deal announcement with Japan, Trump is bloating that the country will now open up to U.S. cars, trucks, rice and other agricultural products. Hey, buddy, that is not the reality. Japan is, and always has been open and ready to take all the American cars you wish to export. The bottom line is—apart from Jeep, which is the biggest selling American car in Japan, and a smattering of Cadillac and Corvette models, Japanese motorists, for the most part, don't want to buy American cars. Not even Tesla EVs, which do sell in Japan, but are imported from China, so not really seen as American. The fact is that old impressions die hard. From the 1970s through to the early 21st century, a mixture of U.S. cars were offered in Japan—including Ford, GM, Pontiac and Buick, in addition to Chrysler. But even though some brands delivered more stylish designs or more powerful engines than their Japanese counterparts, most American cars were considered too big for Japanese roads and carparks, and not as fuel-efficient or as reliable as Japanese cars, which were, on average, a little cheaper. Other critical factors that led to several brands exiting Japan, like Ford in 2016, were insufficient product lineups, and a poor dealer network. So, with all that in mind Mr Trump, to be honest, it does not matter how many American cars you force on the Japanese market, I cannot see how U.S. brands will sell here, no matter what Trump says. Japanese don't want them. It's like trying to force-feed sushi with wasabi to blue collar American families in the Rust Belt—it is a really tough sell.
The Herald
an hour ago
- Automotive
- The Herald
Mazda confirms when it will introduce the new CX-5 in SA
Mazda has also bundled in its latest Human Machine Interface, which apparently streamlines the control of apps, navigation and vehicle settings. Infotainment duties are, depending on the model derivative, handled by a 12.9" touchscreen or a larger 15.6" version — the biggest offered inside a series production Mazda. As to be expected, an array of enhanced driver assistance and safety features are also available, but the extent of these available locally will be confirmed closer to launch. Under the bonnet, those of you expecting the option of mild-hybrid powertrains might be disappointed to hear the new CX-5 will initially only be available in South Africa with Mazda's 132kW/242Nm naturally aspirated 2.5 l four-cylinder petrol engine with SkyActiv technology. It comes meshed to a six-speed automatic transmission and all-wheel drive. 'The next-generation CX-5 marks a significant milestone for Mazda globally,' said Mazda South Africa marketing and communications head Deolinda Da Costa. 'While we look forward to introducing it locally, we're equally committed to delivering outstanding value and features with our current line-up.'
Reuters
3 hours ago
- Automotive
- Reuters
Stocks climb globally after US-Japan trade deal
LONDON, July 23 (Reuters) - Share markets climbed on Wednesday, buoyed by investor hopes of a wave of trade agreements with the United States after Japan struck a deal that lowers U.S. tariffs on its autos, sending Japanese stocks to a one-year high. President Donald Trump on Tuesday said a trade deal with Tokyo would include Japan paying a lower-than-threatened 15% tariff on shipments to the U.S. It followed an agreement with the Philippines that will see the U.S. collect a 19% tariff rate on imports from there. Trump also said EU representatives would be visiting for trade negotiations on Wednesday. That stirred hopes for a deal with Europe, even as the EU was reportedly refining countermeasures in case of a deadlock before the August 1 deadline. Euro STOXX 600 (.STOXX), opens new tab added 0.9%, with auto shares (.SXAP), opens new tab surging 3.4%. UK shares (.FTSE), opens new tab hit a record high, climbing 0.5%. The trade deal news has "raised hopes that the U.S. might be about to reach deals with other countries that avoid the higher tariffs on August 1," Deutsche Bank analysts wrote in a note. The positive mood was set to reach Wall Street, too, where S&P 500 futures were up 0.4%, while Nasdaq futures added 0.2%. Japan's Nikkei (.N225), opens new tab climbed 3.7% as automaker shares surged on news the deal would cut the U.S. auto tariff to 15%, from a proposed 25%. Mazda Motor (7261.T), opens new tab rose 18%, while Toyota Motor (7203.T), opens new tab jumped 14%. South Korean automakers also rose as the Japan deal fuelled optimism over potential progress in tariff negotiations between South Korea and the United States. The dollar remained weak, having lost ground overnight. It fell 0.3% against the Japanese yen to 146.25 yen after sliding 0.5% on Tuesday. The dollar index , which tracks the currency against major peers, was little changed at 97.48. Analysts noted the trade deal reduced a major risk to the fragile Japanese economy, providing more scope for the Bank of Japan to raise interest rates to fight inflation. That hit the bond market, with yields for 10-year JGBs rising 8.5 basis points to 1.585%. The yen steadied as Japan's Prime Minister Shigeru Ishiba denied reports he planned to step down following a bruising upper house election defeat. Ishiba said media reports that he had already decided to resign were "completely unfounded." In another positive development, U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the August 12 deadline for negotiating a trade deal, Treasury Secretary Scott Bessent said. Chinese blue-chips (.CSI300), opens new tab ended flat, while MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab added 1.5%. U.S. corporate earnings reports were showing signs that Trump's trade war was hitting profit margins. General Motors (GM.N), opens new tab tumbled 8.1% after the automaker reported a $1 billion hit from tariffs to its quarterly results. Investors are awaiting results from Tesla (TSLA.O), opens new tab and Google's parent Alphabet (GOOGL.O), opens new tab - two of the Magnificent 7 stocks that have driven much of the market rally fuelled by AI optimism. Elsewhere, the euro dipped 0.1% to $1.1737, after rising 0.5% the previous day. The European Central Bank is expected to hold rates steady on Thursday after eight consecutive rate cuts. Oil prices fell for a fourth session. U.S. crude fell 0.7% to $64.48 per barrel. Brent dropped the same amount to $68.11 per barrel.
Time of India
3 hours ago
- Automotive
- Time of India
US stock market futures explode higher as Trump seals shocking $550B Japan trade deal—Dow and S&P 500 to record highs
U.S. stock futures rise after Trump announces $550 billion U.S.-Japan trade agreement- Wall Street opened on a high note Wednesday morning as Dow Jones, S&P 500, and Nasdaq futures surged following President Trump's announcement of a new trade agreement with Japan. The landmark deal, unveiled late Tuesday, includes a $550 billion Japanese investment into U.S. industries and a reduction in previously proposed tariffs on Japanese auto imports. The positive momentum lifted investor sentiment across global markets, helping push the S&P 500 to fresh record territory and driving sharp rallies in Japanese and European stocks. Explore courses from Top Institutes in Please select course: Select a Course Category Major Indices Performance (as of latest close/premarket) Index Change Key Drivers Dow Jones +0.4 % (≈+0.5% futures) Boosted by the U.S.–Japan trade deal easing tariffs and improving auto sector sentiment S&P 500 +0.1 % to +0.3% (futures +0.37%) Hit a fresh all-time high, led by cyclical sectors and record earnings momentum Nasdaq –0.4 % (–0.39% premarket) Tech lagged due to profit-taking in mega caps; chip-related stocks under pressure Key highlights of the U.S.–Japan trade deal $550 billion investment from Japan into U.S. infrastructure, energy, and manufacturing projects. Auto tariffs reduced : The 25% threatened tariff on Japanese vehicles was slashed to 15%. Revenue sharing agreement with a 90/10 split favoring U.S. companies. President Trump hailed the deal as 'one of the biggest and most beautiful trade agreements in U.S. history,' claiming it would create 'millions of jobs.' How the stock market reacted Following the news: Dow Jones Industrial Average futures climbed over 0.5% . S&P 500 futures rose 0.37% , pushing the index to a new all-time high. Nasdaq 100 futures edged up 0.16% , supported by gains in tech and auto stocks. Asian markets soared: Japan's Nikkei jumped 3.5% , while South Korea and Hong Kong indices also saw gains. European markets responded positively, with London's FTSE 100 rising 0.5% . Market drivers: Why investors are optimistic The deal eased investor concerns around escalating trade tensions and opened the door for potential deals with other major economies. Market analysts say the timing is critical, coming just ahead of the August 1 deadline for broader tariff implementation on global partners. Auto stocks were the biggest beneficiaries: Live Events Toyota (TM) surged over 13% Mazda (MZDAF) jumped 17% Honda (HMC) rose 11% Ford (F) and General Motors (GM) gained around 2–3% in pre-market trading What to watch next While the deal is a strong positive for near-term sentiment, several factors will shape the market outlook in the coming days: Earnings season continues, with big reports expected from Tesla, Alphabet (Google), AT&T, and Texas Instruments. Traders are also eyeing the Federal Reserve's upcoming meeting for clues on future interest rate cuts. Speculation is growing around similar trade pacts with the European Union and China , which could fuel further rallies if agreements are reached before the next round of tariffs. Despite the bullish tone, experts warn that tariffs on some goods remain above pre-Trump levels, which may keep inflation pressures elevated. Economists also note that any disruption in follow-up negotiations could trigger a market pullback. Top Stocks to Watch Ups (Top Gainers & Premarket Movers) GE Vernova (GEV) : Up ~6% after strong Q2 results and raised guidance. Tesla (TSLA) : Slightly higher premarket; eyes on Q2 earnings and Elon Musk's robotaxi remarks. Alphabet (GOOG) : Modest gains ahead of earnings; focus on AI/cloud and data-centre spending. Capital One (COF) : +3.3% after reporting strong adjusted earnings despite a net loss. Medpace (MEDP) : Surged ~55%, standout gainer in healthcare. Downs (Notable Declines) Texas Instruments (TXN) : Plunged ~11% post-earnings due to weak Q3 guidance. SAP : -4.1% premkt despite earnings beat; cloud revenue slightly missed expectations. Enphase Energy (ENPH) : -6.8% after cautious revenue outlook. AT&T (T) : Down ~0.4% despite beating Q2 estimates; guidance perhaps underwhelming A win for markets, but eyes remain on next moves President Trump's U.S.–Japan trade deal has injected fresh optimism into the global economy. While investors celebrate the immediate boost, the market's future performance will hinge on how quickly follow-up deals materialize—and how Q2 earnings unfold. FAQs: Q1: What is the new U.S.–Japan trade deal about? A: The agreement includes a $550 billion Japanese investment in U.S. industries and lowers tariffs on Japanese auto imports from 25% to 15%, favoring U.S. manufacturers with a 90/10 profit-sharing structure. Q2: How did the stock market react? A: Dow futures rose 0.5%, S&P 500 hit a record high with a 0.37% gain, while Nasdaq slipped 0.39% as tech stocks came under pressure.
TimesLIVE
4 hours ago
- Automotive
- TimesLIVE
Mazda confirms when it will introduce the new CX-5 in SA
Mazda has also bundled in its latest Human Machine Interface, which apparently streamlines the control of apps, navigation and vehicle settings. Infotainment duties are, depending on the model derivative, handled by a 12.9" touchscreen or a larger 15.6" version — the biggest offered inside a series production Mazda. As to be expected, an array of enhanced driver assistance and safety features are also available, but the extent of these available locally will be confirmed closer to launch. Under the bonnet, those of you expecting the option of mild-hybrid powertrains might be disappointed to hear the new CX-5 will initially only be available in South Africa with Mazda's 132kW/242Nm naturally aspirated 2.5 l four-cylinder petrol engine with SkyActiv technology. It comes meshed to a six-speed automatic transmission and all-wheel drive. 'The next-generation CX-5 marks a significant milestone for Mazda globally,' said Mazda South Africa marketing and communications head Deolinda Da Costa. 'While we look forward to introducing it locally, we're equally committed to delivering outstanding value and features with our current line-up.'
