Nissan Launches 1st Mini SUV

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Nissan Motor Co. said it has launched the Kix, its first mini sport-utility vehicle, in Japan, targeting men in their 50s and 60s.

The Kix, Nissan’s fifth mini model, is built for the company by Mitsubishi Motors Corp. under an original equipment manufacturer deal.

Nissan aims for monthly sales of 300 units of the new car, priced at 1,402,800 yen to 1,591,800 yen.

The automaker hopes the launch of the mini SUV will meet growing demand for small vehicles, a Nissan executive officer said.

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Japan Automobile Output Up 4.2 Pct in Sept.

Automobile production in Japan rose 4.2 pct from a year before to 1,056,556 units in September, the first increase in two months, the Japan Automobile Manufacturers Association(JAMA) said Wednesday, Oct. 29th.

Production of passenger cars increased 4.0 pct to 901,012 units. Truck production was up 5.3 pct at 142,385 units, and bus output was up 10.0 pct at 13,159 units.

JAMA also said automobile exports rose 6.1 pct to 615,922 units in September, the first growth in two months.

Exports of passenger cars were up 6.0 pct at 542,289 units. Truck exports rose 6.9 pct to 59,997 units, and bus exports grew 5.0 pct to 13,636 units.

In April-September, Japan’s automobile output increased 5.6 pct from the same period the previous year to 5,790,964 units, the first increase in two years, JAMA said.

Half-year automobile exports gained 9.7 pct to 3,439,191 units, rising for the fifth consecutive year.

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Toyota Tsusho to Buy Stake in S. Africa Subaru Dealership

Toyota Tsusho Corp. said it will invest 200 million yen in automobile dealership Subaru Southern African (Pty) Ltd. to boost Subaru vehicle sales in South Africa.

The Japanese trading house affiliated with Toyota Motor Corp. will participate in running the local company in an effort to revamp its dealership network and raise brand awareness in the growing South African market.

Through a third-party allotment of new shares, the Toyota Tsusho group will acquire a 50 pct stake in Subaru Southern Africa, which operates its dealership network in South Africa and six neighboring countries.

Although this is the second time the Nagoya-based firm has injected capital into a Subaru dealership, following involvement in Australia, this will be Toyota Tsusho’s first participation in management.

Toyota Tsusho intends to double Subaru Southern Africa’s annual sales to 4,000 units in 2013 from 2,000 units in 2007.

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Toyota’s Presence Growing in U.S. Auto Loan Market

Toyota Motor Corp. is seeing its presence grow in the U.S. automobile loan market, it was learned Tuesday, Oct. 21th.

As of September, U.S. subsidiary Toyota Motor Credit Corp. has extended loans to about 70 pct of all Toyota clients, or those who have bought or leased Toyota vehicles.

The proportion was far higher than 35 pct in March and 50 pct in August, according to the officials.

The surge came apparently because other auto finance companies are scaling back their operations in the wake of the escalating global financial crisis.

Earlier this month, Toyota fully launched its zero interest campaign in the United States to shore up its auto sales there. The proportion of Toyota clients with loans from the auto finance unit may thus rise further.

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Suzuki Launches Splash Compact Car in Japan

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Suzuki Motor Corp. said it has launched its Hungarian-made Splash compact car in Japan.

The new car was made by improving the platform and engine of the Swift compact car Suzuki launched in 2004.

The Splash, the company’s first model manufactured overseas for sale in Japan, is equipped with continuously variable transmission that helps improve fuel efficiency. The car is priced at 1,239,000 yen.

Suzuki expects the Splash to sell well in Japan at a time of higher gasoline prices, hoping to sell 500 units per month.

The car is already on sale in Europe. Cumulative sales of the Splash in 24 European countries totaled 15,000 units in March-August.

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Nissan becomes latest carmaker to cut jobs

Nissan is asking for voluntary redundancies at its Sunderland plant - the UK’s largest carmaking site and one of Europe’s most efficient.

The moves follows Jaguar Land Rover’s decision to make 198 people redundant at its plants in Birmingham, Solihull and Merseyside, while other manufacturers, including Ford, Honda, Toyota and General Motors have introduced short-time working and cut shifts.

Nissan says that if too few employees volunteer to take redundancy then it will instead reduce its 5,100 headcount by shedding temporary workers. It could also extend the Christmas break to cut production - an approach being taken by Honda.

While Nissan’s announcement is being linked to a reduction in new car sales due to the economic slowdown, Jaguar Land Rover said its job cuts were the result of an ‘ongoing drive to improve efficiency’. Jaguar Land Rover had previously announced measures to limit overproduction, including four-day weeks and temporary closures of some plants.

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Honda to Launch Fully Remodeled Odyssey

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Honda Motor Co. said it will launch the first fully remodeled Odyssey minivan in five years on Friday, Oct.17th.

The new Odyssey, the fourth version since the vehicle made its debut in 1994, features improved fuel efficiency stemming from a newly developed engine.

It can get one kilometer more per liter of gasoline than the earlier models, company officials said.

Japan’s minivan market peaked in 2004 with sales of 1.02 million units, only to shrink to 800,000 units in 2007 due to a demand shift to subcompact cars.

However, minivans have retained their popularity, with one in four new vehicles registered being a minivan and major automakers facing growing competition in the market.

Honda plans to sell 4,000 units of the new Odyssey each month at prices ranging from 2.59 million to 3.61 million yen.

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Motorists consider converting to LPG

Autogas, the leading automotive liquefied petroleum gas (LPG) supplier, has found that almost 50 per cent of motorists have considered converting their car to run on LPG because of the rising cost of fuel.

LPG currently retails at around half of the price of petrol and diesel, and in the recently published study, 47 per cent of people questioned said they have already considered converting their car to save money.

Autogas business development manager, Chris Taylor, said switching to LPG can save up to 40 per cent on fuel bills. “The cost to convert a vehicle to run on LPG is around £1,800 and based on current fuel prices and an annual mileage of 20,000 miles it would only take around 22 months to recoup this initial cost.”

“LPG is by far the most widely available alternative fuel available in the UK, although it is surprising that so few manufacturers are currently producing LPG powered vehicles. However, most petrol powered cars, and even light commercial vehicles, can be easily converted to run on LPG.”

The survey, conducted by Zussi Reseach, found that 90 per cent of motorists have changed their driving habits as a result of current fuel prices. Almost two thirds of motorists have cut down on the number of car journeys they make, and 41 per cent have made an effort to change the way they drive to save fuel, for instance, by driving at a lower speed.

When asked about choosing a new car, sixty per cent of people cited reduced running costs and 40 per cent considered reduced carbon emissions as being ‘Very Important’ when making a purchase.

As well as dramatically reducing fuel bills, LPG’s environmental credentials weigh up too. All LPG vehicles are entitled to up to 100 per cent exemption from the London Congestion Charge and as Chris explains, LPG motorists can rest assured they are doing their bit for the environment too: “Vehicles running on LPG produce far fewer harmful emissions that contribute to environmental and health problems than traditional road fuels.

“LPG vehicles produce 17 per cent less carbon dioxide than petrol and 2 per cent less than diesel, 120% less NOx than petrol and a staggering 2,000 per cent less than diesel and up to 120 times less small particle (PM10) emissions than diesel vehicles.”

Chris advises people who want to convert their car to always use a LPGA Approved Installer, who will have undergone extensive training and examinations and can advise on the most suitable system for your vehicle. There are around 200 outlets currently registered in the UK and a full list can be found at www.autogas.ltd.uk

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Toyota Unveils Ultra-Compact iQ Car

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Toyota Motor Corp. unveiled the ultra-compact iQ car at an event in this eastern Japan city on Wednesday, Oct. 15th.

The iQ, which the top Japanese automaker claims is the world’s smallest four-seater, will go on sale in Japan on Nov. 20 with the price tag of between 1.4 million to 1.6 million yen.

Toyota aims to sell 2,500 units a month.

Toyota President Katsuaki Watanabe said that the launch of the iQ will help create a new market at a time when domestic auto sales have been slumping.

The iQ, which is 2.98 meters long, 1.68 meters wide and 1.5 meters high, can seat three adults and one child, according to the company.

At normal speeds, the 1,000-c.c. iQ can travel 23 kilometers on a liter of gasoline, making it one of the most fuel-efficient cars of this class.

As part of its safety features, the iQ is equipped with nine airbags, a number on a par with luxury vehicles.

The iQ will be released in Europe in January 2009, Toyota said.

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Mazda Begins Test of Hydrogen Vehicle in Norway

Mazda Motor Corp. said it has started a driving test of a hydrogen vehicle on public roads in Norway in cooperation with the government of the Scandinavian country.

Norway is promoting the Hydrogen Road of Norway, or HyNor, project aimed at establishing an eco-friendly transport system through the use of hydrogen as energy.

Through the test of the RX-8 Hydrogen Re sports car, the Japanese automaker aims to collect detained data on its driving performance. The driving test will be carried out for six days.

Mazda plans to lease about 30 units of the vehicle in Norway under the HyNor initiative from fiscal 2009.

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