Headlines for Sunday, May 19, 2013

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Hyundai, Kia losing ground to luxury imports at home as tariffs fall

12:01 am U.S. ET | May 19, 2013
Foreign brands have seen their share of South Korea's market for premium vehicles surge to 41 percent from 28 percent in the past two years, according to Korean industry groups, as lower tariffs make their cars cheaper and local buyers abandon a decades-long preference for domestic brands.

Toyota plans big hike in lithium ion battery output

12:22 pm U.S. ET | May 19, 2013
Toyota is planning to increase production of lithium ion batteries by six times, as the automaker prepares to eventually use them in its flagship Prius gasoline-electric hybrid cars, the Nikkei business daily reported on Sunday.

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