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Business

Veoneer Exits Braking JV

Veoneer Inc. has agreed to sell its 51% stake in a brake systems joint venture to partner Nissin-Kogyo Co. and Honda Motor Co. for $176 million.

Business

Malaysia Rekindles Plan for Domestic Carmaker

Malaysia again hopes to establish a new national car brand, this time through a partnership with Toyota’s Daihatsu Motor Co. unit.

Car/Ride Sharing

Five More Japanese Carmakers Join Toyota-Softbank Venture

Monet Technologies Corp., the 8-month-old joint venture between Softbank and Toyota to develop autonomous ride-hailing and delivery services, has signed up five more Japanese carmakers.

Hybrid

Toyota Accelerates Electrification Plans

Toyota Motor Corp. aims to sell 5.5 million electrified vehicles per year by 2025, which is five years earlier than the company previously targeted.

Economics

Toyota’s Net Profit Drops 25%

Toyota Motor Corp. reports that its operating income for the fiscal year ended March 31 grew 3% to 2.5 trillion yen ($22.4 billion), thanks to cost-cutting efforts.

Connectivity

Japan-Backed Mapping Startup to Buy Detroit-Based Ushr

Dynamic Map Platform Co. Ltd., a 30-month-old map platform developer backed by Japanese carmakers, has agreed to buy Detroit-based rival startup Ushr Inc.

Economics

Toyota’s Net Profit Plummets 81%

Toyota Motor Corp.’s net profit for the fiscal third quarter ended Dec. 31 plunged 81% to 181 billion yen ($1.6 billion), largely because last year’s results were boosted by a one-time tax cut in the U.S.

Sales

Renault-Nissan-Mitsubishi Alliance Tops Global Sales Again

The Renault-Nissan-Mitsubishi alliance sold 10.76 million cars and light trucks in 2018, up 1.4% from 2017, to remain the top-selling automotive group, according to company reports.

Sales

Renault Hires a New Distributor in Indonesia

Renault SA plans to expand its model lineup in Indonesia and has hired a new distributor to ignite consumer interest in them.

Economics

Toyota’s Net Profit Climbs 28%

Toyota Motor Corp. reports that its net profit in July-September grew 28% to 585 billion yen ($5.2 billion), mainly because of cost-cutting measures.

Production

UPDATE: Toyota Plants to Reopen in Japan on Thursday

Last week’s deadly earthquake in northern Japan has disrupted parts supplies to Toyota Motor Corp. and forced the carmaker to suspend domestic output of all Toyota and Lexus brand vehicles.

Sales

Car Wholesales Up 6% in Indonesia

Wholesales of passenger vehicles in Indonesia grew 6% to 661,200 units through the seven months of 2018, says the Assn. of Indonesian Automotive Manufacturers.

Sales

Renault-Nissan-Mitsubishi Defends Global Sales Crown

Vehicle deliveries by the Renault-Nissan-Mitsubishi alliance grew 5% in the first half of 2018 to 5.54 million units to outsell all rivals.

Production

Mazda to Resume Limited Production in Japan

Mazda Motor Corp. plans to resume one-shift operations at two plants in Japan on July 12 after production was suspended on July 7 by extremely heavy rain.

Production

Deadly Rains in Japan Disrupt Auto Plants

Heavy rains in southwest Japan, which reportedly have killed 100 people in the country, also are disrupting operations at multiple auto industry sites.

Economics

Toyota’s Profits Surge as Costs Shrink

Toyota Motor Corp.’s operating and net profits in its fourth fiscal quarter ended March 31 jumped 43% to 630 billion yen ($5.7 billion) and 21% to 481 billion yen ($4.4 billion), respectively.

Production

Japan’s Car Production Fell 3% in January

Japan’s domestic auto industry built 702,800 vehicles in January, down 3% year-on-year, according to company data.

Economics

Toyota’s Profits Surge on Currency, Cost Cutting, U.S. Tax Cut

Toyota Motor Corp.’s net income in October-December jumped 93% to 942 billion yen ($8.6 billion), thanks to cost cutting, favorable exchange rates and lower U.S. corporate taxes.

Economics

Toyota’s Net Profit Rises, But Operating Profit Falls

Toyota Motor Corp.’s net profit grew 11% to 613 billion yen ($5.5 billion) in the fiscal first quarter ended June 30.

Sales

Toyota C-HR Crossover Surges to Top-Seller in Japan

Toyota Motor Corp.’s new C-HR subcompact crossover vehicle is the first SUV in at least 10 years to become Japan’s best-selling model.

Sales

Toyota Cedes Sales Leadership to VW

Toyota Motor Corp., the world’s largest carmaker by sales for the past four years, confirms its group car sales fell below Volkswagen AG’s total last year.

Sales

Malaysia’s Top Carmaker Trims Sales Forecast

Malaysia’s largest vehicle assembler predicts its sales this year will drop more than 2% to 202,000 units as the country struggles with a cooling economy, The Nikkei reports.

Sales

Toyota Predicts 1% Gain in Its Sales Next Year

Toyota Motor Corp. says global sales by its Daihatsu, Hino, Lexus and Toyota brands will dip 1% to 10.09 million vehicles this year but rise to 10.2 million units in 2017.

Sales

Subaru Impreza Named Japan Car of the Year

Fuji Heavy Industries Inc.’s Subaru Impreza hatchback/sedan has been named the Japan Car of the Year by a panel of 59 journalists.