Latest news with #AzusaKawakami
Nikkei Asia
05-07-2025
- Automotive
- Nikkei Asia
Trump decarbonization retreat forces Japan Inc. to revise strategy
Toyota Motor's electric vehicles line-up. The company changed its production plan in light of weaker-than-expected demand. (Photo by Azusa Kawakami). YUJI OHIRA and AZUSA KAWAKAMI HOUSTON, Texas/NEW YORK -- U.S. President Trump's new tax and spending legislation is expected to mark a major retreat in the country's decarbonization strategy, forcing Japanese companies to revise investment plans on electric vehicles and renewable energy. Under the law enacted Friday, the U.S. is projected to cut about $500 billion in climate-related spending over the next decade through 2034. Many support measures introduced under the Inflation Reduction Act, a signature Biden-era law aimed at developing green industries, will be either abolished or significantly scaled back.
Nikkei Asia
01-07-2025
- Automotive
- Nikkei Asia
Japan automakers raise US prices, reaching limit of absorbing tariff costs
Subaru started raising U.S. prices in June. (Photo by Azusa Kawakami) Nikkei staff writers NEW YORK/WASHINGTON/TOKYO -- Nearly three months since the U.S. imposed a 25% tariff on automobile imports, Japanese carmakers are starting to raise prices and preparing to boost American production. Toyota has decided to increase vehicle sales prices in the U.S. by an average of $270 from July. The company said it made the decision based on the announcements of price hikes by a number of competitors, as well as market trends.
