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Market News

Market News

Japanese companies set goal of 30% female executives by 2030

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Male-dominated business community aims to replicate British success story TOKYO — Major Japanese companies will work to increase the number of female executives at blue chips to 30% from single digits by the end of 2030, joining an ambitious international effort, as the government seeks to promote women in the workforce. Japan’s chapter of the 30% Club…

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Japan’s Economy Is Getting a Lot of Things Right

Japan’s Economy Is Getting a Lot of Things Right

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As Japan’s emperor Akihito prepares to abdicate, what’s known as the Heisei period — Jan. 8, 1989, through April 30, 2019 — draws to a close. Those 30 years will forever be associated with the spectacular asset bubble that burst right at the beginning, and the economic lost decade that followed. Heisei was also when…

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Uber wins $1bn investment from Toyota, SoftBank fund

Uber wins $1bn investment from Toyota, SoftBank fund

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Uber wants to be at the forefront of the driverless car revolution Japanese car giant Toyota and investment fund SoftBank Vision Fund on Friday unveiled an investment of $1 billion in US company Uber to drive forward the development of driverless ridesharing services. The latest cash injection, expected to close in the third quarter this…

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Ambarella and Momenta unveil HD mapping platform for AVs

Ambarella and Momenta unveil HD mapping platform for AVs

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Ambarella announced a collaborative HD mapping platform for autonomous vehicles. The combined solution leverages Ambarella’s CV22AQ CVflow computer vision system-on-chip (SoC) and Momenta’s deep learning algorithms to provide HD map solutions, including mapping, localization for autonomous vehicles, and map updates through crowdsourcing. The CV22AQ is manufactured in an advanced 10-nanometer process, providing the ultra-low power consumption…

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ABB and Porsche will jointly develop next generation electric vehicle chargers in Japan

ABB and Porsche will jointly develop next generation electric vehicle chargers in Japan

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Pioneering technology leader ABB has teamed up with Porsche Japan to develop a dedicated high-power charger for Porsche’s electric vehicles (EVs) in Japan. ABB has entered into an agreement to deliver its market-leading electric vehicle infrastructure for Porsche Japan’s EVs, including Taycan, the automaker’s first fully electric car, set to enter the Japanese market in…

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Ford, GM and Toyota Form New AV Safety Group

Ford, GM and Toyota Form New AV Safety Group

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The Automated Vehicle Safety Consortium will focus on advancing safe deployment of SAE Level 4 and Level 5 automated vehicles. Ford, GM and Toyota announced they are partnering with SAE International to form a new pre-competitive consortium focusing on autonomous vehicle safety. Called the Automotive Vehicle Safety Consortium, it will work to advance testing and…

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Daihatsu Factory

Daihatsu to recall 1.9 million cars in Japan over brake problem

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A Daihatsu Motor Co. assembly line Daihatsu Motor Co. said Thursday it will recall about 1.92 million cars in Japan due to faults that can affect the vehicles’ braking system. The recall affects 1,916,973 cars across 22 models, including the Move and Tanto minivehicles manufactured between December 2010 and September 2018. It also covers the…

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Bridgestone Toyota JAXA Moon Rover

Bridgestone to join Toyota and JAXA in rover mission to moon

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An image of a lunar rover jointly under development by Toyota Motor Corp. and the Japan Aerospace Exploration Agency.  WASHINGTON – Bridgestone Corp. said Wednesday it would tie up with Toyota Motor Corp. and Japan Aerospace Exploration Agency on a joint mission to send a rover to the moon. The world’s leading tire maker announced its…

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Toyota Material Handling Group forklifts.

Toyota Material Handling Group innovates forklift, factory, service and logistics solutions with digital transformation

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Toyota Material Handling Group forklifts. Toyota Material Handling Group is the largest forklift manufacturer in the world, but its customers require much more than warehouse trucks and equipment. To better serve them, the global business is expanding and enriching its logistics solutions with digital innovation and Toyota’s renowned principles in lean and efficient manufacturing. By providing…

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Toyota ready to share hybrid secrets with China to advance in world’s largest auto market

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A Toyota Prius plug-in hybrid is seen during a test drive in Tokyo in February 2017. Toyota Motor Corp. is preparing to divulge details of the hybrid-car engine technology it pioneered with the Prius to China in an attempt to catch up with rivals in the world’s biggest auto market. Chinese officials asked Toyota to…

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