News On Japan

Nissan Ends GT-R Production After 18 Years

TOKYO - The car long dubbed a 'wolf in sheep’s clothing' is going back to sleep. Nissan’s GT-R saw its final unit completed on Tuesday, drawing a curtain on an 18-year run for the current model.

Workers climbed into the driver’s seat as the car prepared to leave the line, and the last unit will be delivered to a customer in Japan.

Sports cars once captivated young drivers and were the stars of motor shows; among them, few were more storied than the Nissan GT-R. The lineage traces back to the Skyline GT-R launched in 1969, nicknamed “Hakosuka.” It marked Japan’s first attempt to install a full-fledged racing engine in a production car, setting a milestone in the country’s motorsport history.

After a 1972 model change, the car became affectionately known as “Kenmeri.” Yet as environmental concerns took hold and exhaust-emissions standards tightened, production was limited to just 197 units, earning it the moniker “the ill-fated GT-R.”

The name returned during Japan’s bubble era, only to vanish again amid Nissan’s management crisis. Then in 2007, the GT-R was revived. “The GT-R is the product of our passion for cars. We wanted to push our technology to its limits,” said Nissan Motor President at the time Carlos Ghosn. The model found fans worldwide for its speed and the legend built around it; tennis star Naomi Osaka once said her favorite Nissan was “the GT-R” because “it’s fast.”

On its final day, the last GT-R rolled off the line to a send-off from many of the people who built and supported it. As consumer priorities shifted from speed and style toward ease of use and fuel economy, the sports-car market shrank.

“The development costs and man-hours became enormous, and the biggest issue was that the price would exceed what we could offer customers,” said former GT-R development lead Mitsutaka Matsumoto.

Marking the end of an emblematic model, Nissan also released a video message. “This is not a farewell forever to the GT-R. The GT-R will evolve and return. We ask everyone to be patient,” said Nissan’s Ivan Espinosa.

News On Japan
POPULAR NEWS

A draft of the joint statement from the G7 summit in France has revealed that all proposals put forward by Prime Minister Takaichi on energy security and critical minerals have been incorporated into the agreement.

A Japanese man suspected of serving as a key coordinator for a Cambodia-based fraud syndicate that allegedly caused losses totaling billions of yen was arrested by Japanese authorities after being deported from Thailand on June 16.

JR Ueno Station has unveiled "Ueno Canvas," a new 75-square-meter LED display featuring videos that highlight the area's cultural attractions, tourism destinations, and artistic heritage as part of a station renovation aimed at connecting people and the city through culture.

Japan's Fair Trade Commission has conducted on-site inspections of six major food manufacturers over suspicions they formed a cartel to coordinate ice cream prices, with authorities investigating whether the companies exchanged information and unfairly adjusted planned retail price increases in response to rising costs.

A parent bear and two cubs were spotted near an interchange in Kyoto Prefecture, just a few minutes' drive from a nursery school, in one of many bear sightings reported across Japan in recent days.

MEDIA CHANNELS
         

MORE Business NEWS

Japan's Fair Trade Commission has conducted on-site inspections of six major food manufacturers over suspicions they formed a cartel to coordinate ice cream prices, with authorities investigating whether the companies exchanged information and unfairly adjusted planned retail price increases in response to rising costs.

The Nikkei Stock Average briefly topped the 70,000 mark for the first time on June 16, rising as much as 700 points to an intraday high of 70,020 after the Bank of Japan's decision to raise interest rates matched market expectations, before retreating as investors locked in profits, though the benchmark still ended the day at a record high.

The Bank of Japan decided at its monetary policy meeting on June 16th to raise its policy interest rate for the first time in four meetings, lifting the benchmark rate from around 0.75% to around 1.0%, the highest level in 31 years.

Okinawa Coca-Cola Bottling has begun operating a large-scale solar power generation system at its Urasoe plant, aiming to reduce carbon dioxide emissions by 330 tons annually while expanding the use of renewable energy in the prefecture.

Tokyo stocks posted one of the strongest gains in the history of Japan's equity market on June 15, with the Nikkei Stock Average closing above 69,000 for the first time after a U.S.-Iran agreement aimed at ending hostilities eased concerns over energy prices and global economic risks.

Japanese stocks rebounded sharply on June 12th, with the Nikkei Stock Average closing back above the 66,000 level for the first time in a week as easing concerns over tensions in the Middle East and a strong rally in U.S. technology shares fueled broad buying of AI-related stocks.

Restructuring is often associated with companies in financial trouble, but a growing number of profitable Japanese corporations are now encouraging employees to take early retirement as part of efforts to reshape their workforces for the future, creating both opportunities and significant risks for workers considering a second career.

Seven-Eleven Japan announced that it will establish a new company with CyberAgent and Dentsu to develop advertising services, using digital signage installed in its stores to deliver targeted advertisements based on real-time conditions.