Volkswagen executives indicted by S. Korea prosecutors
South Korean prosecutors indicted seven current and former executives and employees of Volkswagen Group's local unit for alleged violation of the Clean Air Conservation Act and other charges as part of a year-long investigation into emissions cheating at the group.
S. Korean Volkswagen exec gets jail term in emissions scandal fallout
Korea bans sales of some BMW, Porsche, Nissan models in emissions probe
South Korea banned the sale of 10 models built by BMW, Porsche and Nissan after an investigation found the automakers fabricated documents related to emission tests. The three manufacturers were slapped with total fines of $5.9 million.
Japan's once-dominant carmakers face big pay hikes to lure tech talent
Attracting the best information technologists is becoming increasingly important in Japan for Toyota, Honda Motor and Nissan as they seek a bigger share of revenue from IT-driven services such as ride-sharing and cloud-based monitoring of vehicles.
Blindsided by SUV boom, Hyundai Motor trims costs, perks
Headed for a fourth straight annual profit decline, Hyundai Motor is trimming its cost fat. The automaker has been hit by its exposure to weak emerging markets and a product lineup that features more sedans than SUVs, just as SUVs have become more popular.
Toyota C-HR to bank on design, driving dynamics to conquest customers
S. Korea to slap VW with record fine, pursue execs over emissions ads
Panasonic in final talks to buy headlight maker ZKW, report says
Panasonic is in the final stages of talks to buy Austrian automotive headlight maker ZKW Group for up to $1 billion, accelerating its push into the automotive electronics market, the Nikkei business daily reported today.
GM builds final Australian engine
Australian auto industry wind-down continues with General Motors ending engine production after nearly 70 years. Car production stops next year when GM and Toyota close plants, putting an end to Australia's auto industry.
Takata shares slump after influential day trader tweets he sold shares
Takata, finalizing a buyer after spurring record auto industry recalls, fell in Tokyo trading after a Japanese day trader told his more than 103,000 Twitter followers he sold shares in the airbag maker.
BMW, Porsche, Nissan face sales ban on some models in S. Korea
South Korea plans to disallow sales of some Porsche, BMW and Nissan models after finding errors in certification documents for the carmakers' imported vehicles. The country's environment ministry also plans to fine the automakers a combined $5.56 million.