Daniel Leussink

Honda Motor <a href=“https://www.reuters.com/markets/companies/7267.T” target=“_blank”>(7267.T)</a> and General Motors (GM) <a href=“https://www.reuters.com/markets/companies/GM.N” target=“_blank”>(GM.N)</a> are scrapping a plan to jointly develop affordable electric vehicles (EVs), the companies said on Wednesday, just a year after they agreed to work together in a $5 billion effort to try to beat Tesla <a href=“https://www.reuters.com/markets/companies/TSLA.O” target=“_blank”>(TSLA.O)</a> in s…

Japanese automotive supplier Denso <a href=“https://www.reuters.com/markets/companies/6902.T” target=“_blank”>(6902.T)</a> will invest about 500 billion yen ($3.3 billion) in semiconductors by 2030 as aims to triple the scale of its chips business by 2035 from current levels, the company’s president said on Thursday.

Toyota Motor <a href=“https://www.reuters.com/markets/companies/7203.T” target=“_blank”>(7203.T)</a> said on Monday that worldwide production rose 1.5% in September from the same period a year earlier to 900,919 vehicles, boosted by stronger demand in Japan, the United States and in Europe.

Panasonic Holdings <a href=“https://www.reuters.com/markets/companies/6752.T” target=“_blank”>(6752.T)</a>, which supplies Tesla <a href=“https://www.reuters.com/markets/companies/TSLA.O” target=“_blank”>(TSLA.O)</a>, said on Monday it had cut automotive battery production in Japan in the September quarter and shrank the division’s annual profit forecast by 15%, underscoring a global slowdown in EV sales.

Japan’s Nippon Telegraph and Telephone (NTT) <a href=“https://www.reuters.com/markets/companies/9432.T” target=“_blank”>(9432.T)</a> plans to test driverless vehicle technology with Toyota Motor <a href=“https://www.reuters.com/markets/companies/7203.T” target=“_blank”>(7203.T)</a> and invest in a U.S. startup developing self-driving systems, a spokesperson for the telecommunications firm said on Monday.

Nissan Motor <a href=“https://www.reuters.com/markets/companies/7201.T” target=“_blank”>(7201.T)</a> and Honda Motor <a href=“https://www.reuters.com/markets/companies/7267.T” target=“_blank”>(7267.T)</a> on Thursday said they expect higher profits this year than previously forecast, a sign of how Japan’s automakers are seeing some benefit from a weak yen currency and a recovery in sales.

Japan’s Panasonic Holdings <a href=“https://www.reuters.com/markets/companies/6752.T” target=“_blank”>(6752.T)</a> said on Friday it plans to sell a stake in its automotive systems business to funds managed by U.S. private equity firm Apollo Global Management, and has signed a memorandum of understanding with an Apollo affiliate.

Japan’s Toyota Motor <a href=“https://www.reuters.com/markets/companies/7203.T” target=“_blank”>(7203.T)</a> is partially suspending production at its plant in Tianjin, China, the Jiji news service reported on Friday, as global automakers face strong sales competition in the world’s top auto market.

Honda Motor <a href=“https://www.reuters.com/markets/companies/7267.T” target=“_blank”>(7267.T)</a> said on Saturday it was dismissing about 900 contract workers at a joint venture in China, as Japanese automakers suffer from a rapid shift to electric vehicles in the world’s largest car market.

Harmonic Drive Systems <a href=“https://www.reuters.com/markets/companies/6324.T” target=“_blank”>(6324.T)</a>, a Japanese maker of speed reducers, said on Wednesday that Toyota Motor <a href=“https://www.reuters.com/markets/companies/7203.T” target=“_blank”>(7203.T)</a> will sell its entire stake in the company in the open market overseas.