It's not often that we see behind the scenes of SEMA builds, but Toyota is taking us there right now. Two builds are in progress, but the Supra project has the majority of our attention.

The main appeal is watching the roof be cut out of the brand-new Toyota GR Supra. You can see it happen in the video at the top of this post. Of course, the joy of removing the roof from the new Supra stems from the targa top option of the previous Supra. The fifth-gen Supra is only available in hardtop coupe form, but if you really want a Supra convertible, just buy a BMW Z4.

TOKYO — Nissan on Thursday cut its forecast for an annual operating loss by 28%, albeit to a still-whopping $3.2 billion, helped by restructuring efforts and better-than-expected sales.

In a reversal from the aggressive expansion pursued by ousted Chairman Carlos Ghosn, Nissan is reducing production and its vehicle line-up by a fifth, and slashing costs by 300 billion yen in three years to improve profits.

NHK has learned that the organizers of the 2020 Tokyo Olympics and Paralympics are expecting to slash a total of more than 190 million dollars in costs for the Games.

The IOC's Coordination Commission and the Tokyo organizers agreed on 52 items related to their streamlining efforts in their teleconference on preparations for the Games in September.

PARIS — Renault is preparing to substantially reduce its vehicle range, withdrawing well-known but ailing models like the Espace minivans, as part of looming cost cutting plans, four sources in the industry and close to the French carmaker said.

The company, shaken by the downfall of its once star CEO Carlos Ghosn and by setbacks in its main markets, is set to detail at the end of the month how it aims to cut costs by 2 billion euros ($2.16 billion) over the next three years.

TOKYO — Nissan Motor Co plans to cut $2.8 billion in annual fixed costs as part of its restructuring plan, Bloomberg News reported on Wednesday, as it braces for a drop in sales that could complicate its recovery from years of poor profitability.

Following a three-year spell of tumbling profits, Nissan will announce its restructuring plan on May 28, its latest attempt to slash costs after a strategy of aggressive selling to chase market share has pummeled its bottom line.

Honda will cut back production at two of its Japanese factories due to parts shortages from China because of the coronavirus outbreak.

China's central bank has lowered the benchmark rate by 0.1 percentage point to try and help businesses weather the coronavirus outbreak.

The People's Bank of China announced that this month's Loan Prime Rate is 4.05 percent, marking the first rate cut in three months.