Mitsubishi Motors Corp. rose the most in more than four years in Tokyo trading after the Nikkei newspaper reported Nissan Motor Co. will sell jointly made minicars and buy fewer of them from Suzuki Motor Corp.
Mitsubishi Motors Corp. fell the most in 21 months in Tokyo trading after receiving a government warning saying it was “passive” in its handling of engine oil leaks as the carmaker ordered a fourth round of recalls.
Toyota Motor Corp. , the world’s biggest automaker, said earnings may be reduced by output disruptions following Japan’s earthquake and tsunami last month, which contributed to a record decline in the nation’s auto sales.
Nissan Motor Co. , Japan’s third- largest automaker, plans to hand directors average pay about four times that of Toyota Motor Corp. and almost three times that of Honda Motor Co. for the fiscal year that ended in March.
Takata Corp. faces its biggest recall crisis in almost two decades after defective airbag inflators led Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co. to call back more than 3 million vehicles.
Toyota Motor Corp.’s labor union is seeking a raise in workers’ base salary for the first time in five years as analysts estimate profit at Japan’s biggest manufacturer rose to a record profit this fiscal year.