In a significant market downturn, Nissan Motor’s shares fell sharply by 12% on Friday, marking the company’s most substantial decline in over twenty years. This drop came on the heels of the automaker’s quarterly earnings missing expectations significantly and a reduction in its global car sales forecast, highlighting intense competition in China. China’s burgeoning market …
In a recent financial update, Honda has raised its annual profit outlook, attributing the positive adjustment to a robust dollar and increasing demand in North America. This announcement came alongside Nissan’s impressive performance report, which highlighted a nearly threefold increase in its net profit compared to the previous year. Honda has now set its annual …
Nissan Motor has embarked on an ambitious initiative to manufacture lithium-ion batteries using more cost-effective materials, targeting their integration into electric vehicles (EVs) destined for emerging markets by 2026, according to a report by Nikkei. This strategic move positions Nissan to leverage lithium iron phosphate (LFP) batteries, which are approximately 20% to 30% less expensive …
In a year of record-breaking sales, Toyota has demonstrated that its success is not solely dependent on the burgeoning electric vehicle (EV) market. The automotive giant reported a monumental sales figure of 11,233,039 vehicles in 2023, yet only a fraction of these, specifically 104,018 units, were EVs, accounting for a mere 0.926 percent of total …
In a significant development, Toyota Motor has issued a critical recall notice for approximately 50,000 older vehicles in the United States, citing severe risks associated with Takata air bag inflators. The Japanese automotive giant strongly advises owners of the affected vehicles to seek immediate repair services to prevent potential fatalities. The recall specifically targets certain …
Nissan has released its 2023 sales data, showing a delivery of 898,796 units across 22 model lines. A standout in this lineup is the Nissan GT-R, the all-wheel drive supercar, which saw a remarkable increase in sales. Last year, Nissan sold 390 GT-Rs, marking a 584-percent surge from the mere 57 units sold in 2022. …
Toyota Motor Corp. has announced a temporary suspension of shipments for 10 vehicle models. This decision follows a revelation by supplier Toyota Industries Corp. of certification problems with some diesel engines. During an internal investigation, irregularities were discovered in horsepower-output testing. It was found that the test engines operated on software different from the mass …
The Toyota Crown, a name synonymous with reliability and comfort within the Japanese Domestic Market (JDM), is stepping into a new era. Toyota, a brand known for its dependable and practical vehicles, is now positioning the Crown in the ultra-luxury segment and considering making the badge its own marque, marking a significant shift in its …
Over time, we have shifted the focus of Garage Dreams to primarily be about JDM cars. We are building up our database of JDM car buyer’s guides, facts/FAQs, model histories and more. However, we also have an interest in other types of cars. And, in fact, one of our editors has not long ago purchased …
In a groundbreaking initiative aimed at reducing environmental impact, Nissan Japan has recently unveiled an automotive upcycling project. This initiative breathes new life into their vehicles, significantly extending their lifespan. At the heart of this project lies the Nissan Cube, a vehicle revered for its distinctive JDM (Japanese Domestic Market) appeal. Nissan’s Cube Retro Renovation …
