Rising Yen won’t Hurt Nissan’s Sales, says Ghosn

Nissan CEO, Carlos Ghosn, has predicted that Japan’s second biggest carmaker will achieve its sales targets, despite the yen’s 9.6% climb over the US dollar in the past year. However Ghosn admitted that the strength of the Yen may cause problems: “The high yen is definitely a headwind. What I worry about is not just Nissan, but Japanese manufacturers losing their motivation to maintain production in Japan”. Read more »

Toyota and Honda want to Win Back Sales Share from Hyundai Sonata with New Models

Not too long ago, if someone told you that a South Korean model would challenge America’s best selling sedan, the Toyota Camry, you would have probably laughed in his or her face.

Needless to say, a lot has changed over the past few years with Hyundai and in particular its latest Sonata sedan, not only challenging, but this past May even surpassing the Camry in U.S. sales for the first time in history.

Of course, the fact that Toyota’s production capabilities were seriously affected by the aftermath of the March 11 earthquake, tsunami and nuclear disaster in Japan, played a significant role in Hyundai’s accomplishment.

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Race-Prepped Honda Mugen CR-Z RR Concept Ready for Track Action

The almost production ready Honda Mugen CR-Z Concept wasn’t the only product from the Japanese automaker’s in-house tuning company to debut at the Goodwood Festival of Speed.

Along with the street-legal CR-Z Concept Mugen also brought along a competition version bearing the ‘RR’ moniker. The conceptual Mugen CR-Z RR sports a more dynamic aero package comprising of bespoke parts such as the wider front and rear bumpers with air-vents, side skirts, a rear diffuser and larger rear wing.

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What a Tease…Honda Announces All-New 2012 CR-V on its U.S. Website

Honda is trying to build some suspense around its forthcoming, brand-new 2012 CR-V crossover by making an announcement on its U.S. market website. All we get for now is a picture of a tunnel and a press blurb that doesn’t really say much other than that Honda will be revealing the successor to the current CR-V bit by bit in the next few months. Read more »

Ford and Dodge Flop, Lexus and Honda Top JD Power’s 2011 U.S. Initial Quality Study

The results are in for JD Power’s latest 2011 U.S. Initial Quality study that looks at the first 90 days of ownership and the news is not good for Ford Motor Company. The Dearborn-based company tumbled from fifth place and highest-ranking non-luxury automaker last year to 23rd in 2011 with 116 problems per 100 vehicles. Analysts claim that Ford’s freefall is due to complaints related to the company’s onboard MyFord Touch infotainment systems.

Even worse, Dodge was placed last in the list with 137 problems per 100 cars. Scion, MINI, Volkswagen, Mitsubishi and Suzuki didn’t fare well either occupying the last places in the study.

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Honda CR-Z Mugen: All you Need to Know about Honda’s Hottest Hybrid Yet

We’ve already shared initial information and a video on the Mugen-fettled CR-Z that Honda is about to launch at the Goodwood Festival of Speed in July, but today, the Japanese carmaker came out with all the juicy details, as well as more photos of the sporty hybrid concept.

According to company’s European division, the CR-Z Mugen sets out to prove that hybrid cars can be exciting to drive, with the one-off special producing “Civic Type R-like performance” while also remaining true to the original, eco-friendly character of the run-of-the-mill CR-Z.

Colin Whittamore from Mugen Euro explains the philosophy behind the creation of the CR-Z Mugen:

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Honda Launches New Fit Shuttle Small MPV in Japan [ 46 Photos]

After briefly postponing the presentation of its all-new Fit Shuttle due to a variety of problems that arose from the March 11 earthquake and tsunami in Japan, Honda on Thursday officially launched its mini MPV.

While keeping the five-seat layout of the regular Fit (called Jazz in Europe), the Shuttle is longer and taller, with the extra space benefiting both the rear passengers and the cargo area.

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Sticker Shock: U.S. Used Car Prices Soar as Nation Tackles Weak Economy and More

Well, it was bound to happen sooner or later. U.S. used car prices are up 30% over June 2010, in some cases besting Kelly Blue Book values by as much as 25%. Trade-ins are also up by 30% since this time last year.

A variety of factors, including an economy still reeling from the Global Financial Crisis, high gas prices and the Tōhoku earthquake, are thought to be responsible for the massive price rise.

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Mugen’s Supercharged Honda CR-Z Hybrid Prototype Debuts on Film

With development of the new Honda CR-Z Mugen concept nearing its end, the Japanese automaker decided it’s time to release the first video of the supercharged hybrid model on the road before its world premiere at the 2011 Goodwood Festival of Speed in July.

The prototype CR-Z is the collaborative work of Honda UK and its in-house tuning shop Mugen Euro. The hotted-up hybrid sports car feature modifications to the 1.5-liter i-VTEC petrol engine with the addition of a supercharger as well as to the Honda IMA system.

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