Japan Automobile Importers Assn. Chairman Peter Kronschnabi predicts the market will follow the 145,501 foreign-brand cars sold in first-half 2016 and will reach 300,000 units for the full calendar year, up 5% over 2015.
Besides Nissan’s taking of the 34% equity stake in Mitsubishi, the alliance agreement calls for one-third of the partnership’s directors to come from Nissan, and for Nissan to nominate Mitsubishi’s next chairman.
Under fire in Japan for overstating fuel-economy claims, the automaker reports an internal audit of ’13 through ’17 model-year vehicles sold in the U.S. confirms previously submitted data to the Environmental Protection Agency was accurate.
Although their product portfolios do not include mobile-phone, computing and general power-grid applications, the battery manufacturers are giants in the auto industry thanks to their connections to Toyota and Nissan.
Despite last year’s record production and sales, the Malaysian Automotive Assn. predicts a 2.5% decline in sales in 2016, reflecting the country’s current sluggish economy, triggered by a fall in crude-oil prices and the weakening ringgit.
“No question about it, Lexus has been successful,” industry analyst Chris Richter says. “They’re competing head-to-head with the stars of the industry. On the other hand, this success hasn’t extended in the same way to other major markets.”
Automakers are updating their vehicle interiors with unprecedented speed, eager to integrate new technologies, softer leather, better sound systems and richer colors. WardsAuto will announce winners April 17....More