Nissan Motor Co., Ltd., today announced price increases for several models of its light commercial vehicles in Japan,effective from October 1st.

The average price increase is 2.2% (on main vehicle grades), consistent with other industrial equipment and heavy-duty truck manufacturers, including Nissan Forklift. The pricing action has been taken as a consequence of rising costs of raw materials, particularly the impact of rising steel costs.

Source: Nissan Motor Co. Ltd.

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Hino Motors, Ltd. (Hino) has relocated its used vehicle business operations from Mizuho-machi, Nishi-Tama-gun, Tokyo to Hidaka-shi, Saitama Prefecture, transferring the headquarters and used vehicle center of its used vehicle business subsidiary, Hino U-Truck, Ltd. (HUT), in order to increase the number of used vehicles in its stock and its supply volume.

The primary objectives of Hino’s used vehicle center are, a) to stock a large volume of vehicles for retail sales and b) to allow its domestic sales company to easily procure trucks and buses in order to fully comply with their customers’ requests.

As it has been anticipated that the demand of new vehicles may be reduced in Japan, Hino opened its used vehicle center in Kobe as an outlet for the Kansai Area in December 2006, with a view to expanding it as one of Hino’s core businesses. Although two outlets have been created, including the Mizuho Used Vehicle Center for the Kanto area, as the scale of the Mizuho Used Vehicle Center which could stock approximately 120 units was relatively small to cover the whole Kanto area in which the scale of the used vehicle market and the supply volume were large, the number of vehicles in stock was increased to approximately 300 units by relocating it to Hidaka-shi.

The relocation to Hidaka Used Vehicle Center at this time enables Hino to increase the supply volume of used vehicles to its sales company, and allows its customers to easily select a desirable used trucks and buses.

Source: Hino Mortors. Ltd.

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Honda’s large transmission plant in west-central Ohio reached a major milestone when associates built their 10 millionth automatic transmission. Honda Transmission Mfg. of America supplies these transmissions to Honda’s auto engine plant in Anna, Ohio, where they are mated up with the engines for delivery to Honda auto plants in Marysville and East Liberty, Ohio, and in Canada and Mexico.

Located in Logan County near Russells Point, Honda Transmission has manufactured* transmissions for nearly 12 years. The 10 millionth transmission was produced for a Honda Accord and will remain on display in the plant. Nearly every department was involved in its production through its final assembly and quality inspection, including casting of the aluminum case, and forging and machining of its high-precision gears.

More than 1,000 associates at Honda Transmission are being recognized at an internal ceremony for their contributions to the production milestone. “Our team has worked very hard to achieve this milestone,” Honda Transmission President Nobuyuki Sanui said. “Working together as one team to exceed our customer expectations is the driving force behind our successes.”

Since starting transmission production in 1996, Honda Transmission has steadily expanded operations to keep pace with Honda’s growth into new passenger car and light truck models. In addition to the Accord, the plant produces automatic transmissions for the Honda Ridgeline, Element and CR-V, and the Acura TL, MDX and RDX.

The plant’s growth would not have been possible without the contributions of each associate, said Jeff Tomko, the company’s vice president. “What we are celebrating goes well beyond a production milestone,” Tomko said.  “Our associates have worked as a strong team to satisfy 10 million customers, and they are continuing to build on that success as we increase our capabilities with the additional production of gears and differentials.”

The result of a $100 million expansion project, Honda Transmission associates started producing high-precision transmission gears in 2006, followed a year later by four-wheel-drive rear differentials for the Acura RDX and MDX. That 263,000-square-foot expansion was part of a major North American drive-train initiative that Honda announced in late 2004 that also included investment of $100 million for Honda Precision Parts of Georgia, a new plant that now supplies automatic transmissions for the light trucks produced at Honda Manufacturing of Alabama. At the same time, Honda invested $70 million to expand engine machining at the Alabama plant.

More recently, Honda invested $75 million at the Anna Engine Plant in Ohio to increase the production of steel engine parts previously imported from Japan. That project included a 135,000-square-foot expansion to manufacture camshafts, crankshafts, cylinder sleeves and connecting rods. Honda’s largest auto engine plant in the world, the Anna plant celebrated production of its 15 millionth engine last year.

Honda Transmission’s predecessor company, Bellemar Parts Industries, started producing auto parts for Honda of America Mfg. in 1982 as the Marysville Auto Plant was making history as the first Japanese auto plant in America. The company was formally incorporated as Honda Transmission Mfg. in 1997. Investment in the 651,000-square-foot facility exceeds $325 million.

Among five Honda plants in Ohio, Honda Transmission has the capacity annually to produce 750,000 automatic transmissions, 288,000 gear sets and 110,000 rear differentials. Honda’s two auto plants in Marysville and East Liberty, Ohio, produced a record 700,000 cars and light trucks in the state last year, making it the largest auto manufacturer in Ohio.

Source: Honda Motor Co. Ltd.

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Hino Motors, Ltd. (“Hino”) will provide the following vehicles as shuttle buses for the G8 Hokkaido Toyako Summit that will be held in July 2008: two different versions of a large-sized hybrid touring coach called the “Hino S’elega Hybrid” and a single hybrid bus equipped with Inductive Power Transfer1.

The G8 Hokkaido Toyako Summit has been dubbed the “Environment Summit” and environmental concerns are planned to be a major focus. Hino recognizes the importance of such an intention so has decided to provide shuttle buses for the summit. Hino will continue to work to actively prevent global warming and provide trucks and buses that are useful for our customers.

Outline of the new “Hino S’elega Hybrid”

The “Hino S’elega Hybrid” is a large-sized high-output hybrid touring coach that is designed to contribute to reducing CO2 emissions. The new model introduces an “A09C-1M” type power unit with a total piston displacement of 8.9 L. This is a combination of a new lightweight, high-output engine and Hino’s special hybrid system2. With this power unit, the new model has succeeded in reducing emission gases and improving fuel efficiency. This has enabled the Hino S’elega Hybrid to meet the 2005 (new long-term) emission regulations and earn it “NOx & PM 10% Reduction Low Emissions Heavy Vehicle” certification from the Ministry of Land, Infrastructure, Transport and Tourism. With regard to PM emissions, the new model has succeeded in a 50% reduction beyond the values stipulated by regulations and has achieved the fuel efficiency standards for FY2015.

Source: Hino Mortors Ltd.

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The mass exodus away from trucks and SUVs gathered momentum in April, with both GM and Ford posting double-digit drops in U.S. sales, despite relatively strong showings on the car side.

Chrysler, with its lineup more geared to the bulkier vehicles, was the hardest hit, down more than 23 percent last month compared with a year earlier.

Toyota, however, managed to post higher sales because it is much less reliant ion trucks and SUVs. GM reported a 16.2 percent decline in U.S. light-vehicle sales.

Analysts are looking for the worst year of industry sales since the early 1990s, and April has delivered more evidence to back that up.

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