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Toyota raises Japanese base wages for first time since 2008

Toyota 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.

Ghosn hedges Nissan's 2020 autonomous deadline

Three years ago, Nissan was one of the first companies to promise a hands-free autonomous car by 2020. According Nissan Chairman and CEO Carlos Ghosn, when and how much we'll be able to take our hands off the wheel depends on more than just the components in the car. At a press conference during this year's Frankfurt Motor Show, the head of the Renault-Nissan Alliance said, "No matter how fast the technology develops, the autonomous cars are very dependent on the regulation." Basically Ghosn is saying that Nissan will be ready, but the laws allowing hands-free driving might not be so prompt. "You can build a lot of autonomy, but if the consumer or the driver cannot enjoy it because he still has to have his hands on the wheel, he still has to have his eyes on the road, it just puts cost in the car without the benefit," said Ghosn. The overall tone of Ghosn's comments was that Nissan is ready for autonomous driving, but without clear laws there could be no point in offering the technology to consumers. Ghosn also clarified what autonomous driving means in Nissan terms, clarifying a statement last year where he said a consumer product is still a long way off. The company's three-step plan begins next year, "where you can be on the highway as long as you don't change lanes and you can be in autonomous mode." Then in 2018, these systems will be able to change lanes without human intervention. For the final step in 2020, "We're going to have cars capable in the city and on the highway to make more complicated operations [in an] autonomous way," said Ghosn. "That's why I think when you talk about autonomous cars, we have to be much more specific about what kind of autonomy are we talking about... but we maintain our forecast that is going to come in different waves, and we define our waves by the functionality of autonomy in our cars [in] '16, '18, '20." That said, don't skip your driver's license renewal five years from now. According to Ghosn, you won't see a Nissan without a steering wheel. That's both Nissan's goal, and the company's way around the lack of regulation on driverless cars. "Frankly, a car without a driver is not our priority... There is a driver, and we are putting some functions into the car, allowing the driver to drive when they want, and to stop driving when they want... These are the same pieces of technology, which in addition to others, can lead you to the car without the driver.

2014 Nissan Pathfinder Hybrid arrives with supercharged engine, 26 mpg combined

Nissan just launched the fully redesigned Pathfinder for the 2013 model year, and now, there's a fuel-sipping hybrid version making its debut here at the New York Auto Show. The 2014 Pathfinder Hybrid packs all of the same features found in the standard crossover, but offers slightly better fuel economy and an improved cruising range, to boot.
The new hybrid is powered by a 2.5-liter supercharged engine (we're assuming it's a four-cylinder, though Nissan hasn't specified) coupled with a lithium-ion battery and 15-kilowatt electric motor, capable of producing 250 horsepower and 243 pound-feet of torque - 10 less horsepower but three more pound-feet than the standard V6 Pathfinder. Nissan says the hybrid crossover will be rated at 25/27 miles per gallon (city/highway), with a 26-mpg combined rating. This means that on a full tank, the cruising range of the Pathfinder Hybrid is a cool 526 miles.
What's cool about the hybrid packaging is that Nissan has managed not to have it interfere with any of the interior functionality - the Pathfinder Hybrid still packs just as much cargo and passenger space as its naturally aspirated sibling. Official pricing has not been announced, but Nissan expects the hybrid to command an additional $3,000 over the standard model.