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Toyota raises Japanese base wages for first time since 2008
Fri, 14 Mar 2014Toyota is on track for record profits, and in return, its Japanese workers are receiving their first increase in base wages since 2008, plus higher pay based on seniority and a larger bonus for 2014. The Japanese automaker predicts the average laborer will net a 2.9 percent income gain.
The average Toyota employee will earn 2,700 yen ($26.28) more each month, a 0.8 percent increase from last year. Workers will also receive about 7,300 yen ($71.09) more monthly based on seniority and promotions. Finally, the company's union pushed through a median bonus of 2.44 million yen ($23,768) for 2014, the highest in 6 years.
The pay boost comes as Toyota forecasts a record 1.9-trillion yen ($18.5 billion) profit for the fiscal year ending on March 31, according to Bloomberg. It has been helped by the Japanese government's efforts to weaken the yen on international markets and expand inflation. Prime Minister Shinzo Abe has been asking businesses to increase compensation to end years of deflation and offset upcoming higher sales taxes. Honda and Nissan have also raised their wages there in recent months.
Nissan poised to nearly double exports from US by 2015 [w/video]
Tue, 27 Aug 2013As a part of a plan to double its US export volume by 2015, Nissan started shipping 2014 Pathfinder SUVs from its plant in Smyrna, TN to Australia and New Zealand. These Pathfinders are not only the first right-hand-drive models Nissan has exported from the US, but their 10,000-mile journey through the Gulf of Mexico and across the Pacific is also the automaker's furthest export.
Products from the Smyrna plant are exported to 61 different countries, and Nissan's export volume from the US will account for around 14 percent of its production this year, which is two percent more than 2012. Helping all this is the fact that by early next year, Nissan's production in North and South America will top two million units thanks to added capacity in the US and new plants in Mexico and Brazil. An official video made to look like a news feature joins the press release from Nissan posted below.
Watch a Nissan GT-R make up 17 spots on the first lap
Mon, 28 Apr 2014By now, enthusiasts should be plenty used to seeing the Nissan GT-R passing "lesser" vehicles on the road - and let's face it, that accounts for a good 99-percent of other cars out there. But what about on the racetrack, where GT racers are all homologated to the same general specifications and tuned with an eye toward fairer competition?
Turns out Godzilla is just as formidable an adversary on the track, as demonstrated by this latest video. Shot from inside the cabin of British driver Alex Buncombe's GT3 racer during the Blancpain Endurance Series race at Monza, the video shows what happens (or at least happened this time) when a well-driven GT-R is relegated to the back of the grid - even when that grid is populated by the likes of Porsche, Aston Martin, Lamborghini and McLaren.
Buncombe and his teammates in the Nissan GT Academy Team RJN ultimately finished the race in 13th place, but what's remarkable is that they started way back in 32nd, making up 17 places on the first lap alone. Scope out the frenetic action in the video below.