• Sources told Reuters that Honda will lower its domestic production this month of models such as the Fit subcompact and the N-series mini-vehicle.

TOKYO: Japanese shares ended more than 1% higher on Friday, following Wall Street's rally overnight, driven by ...

• The Japanese automaker has had to make short-term production adjustments at its North American operations due to the shortage.

• Nissan looks set to fall short of credits so it would either have to buy them from rivals, or step up its EV production. As buying credits would eat into profitability, it is favouring the second strategy, one of the sources said.

• The shortage has affected Volkswagen, Ford Motor Co, Subaru Corp, Toyota Motor Corp, Nissan Motor Co Ltd, Fiat Chrysler Automobiles and other car makers.

• In contrast, Ford, which imports everything it sells in Britain, has raised some UK prices due to US-sourced content.

• TDK rose 1.88%, Tokyo Electron gained 1.87% and Nidec edged up 0.28%.

• Japan's current 2030 target falls far behind European countries - Spain's 74%, Germany's 65% and Italy's 55%, the JCI said.

• Targets 3 bln euros in cost savings by 2025.
• To cut car output to 3.1 mln by 2025 vs 4 mln in 2019.
• Operating margins to reach 5% by 2023.
• Renault attempting to turn around Nissan alliance.