Asia

Most Japan automakers resume plant operations after snow; Mazda, Nissan still affected

Feb. 18, 2014 12:21 CET
Most Japanese carmakers have resumed operations at their domestic plants after heavy snow disrupted parts deliveries.... Read More »

 

Japan automakers idle domestic output as snow slows parts shipments

8:54 am U.S. ET | Feb. 17, 2014
Japanese automakers including Toyota and Honda suspended operations at some domestic plants in central and eastern Japan after heavy snow disrupted their supply chains and prevented workers from commuting.... Read More »

 

N.A. spiffs hurt Nissan profits

12:01 am U.S. ET | Feb. 17, 2014
Hefty incentives and plunging profits in North America offset foreign exchange gains at Nissan Motor Corp. to temper net income growth in the October-December quarter. As Japan's other carmakers rode the weak yen to bumper profits, overall net income at Nissan rose a comparatively meager 57 percent to 84.30 billion, or about $801.2 million, in the company's fiscal third quarter.... Read More »

 

Japanese auto workers seek pay raises amid soaring profits

8:14 am U.S. ET | Feb. 12, 2014
Labor unions at all of Japan's automakers are seeking an increase in base salaries and bonuses, as companies including Toyota and Honda forecast record profits this fiscal year.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Ford tweaks India-built EcoSport for Europe

Feb. 11, 2014 08:05 CET
Ford has tweaked the EcoSport subcompact SUV for European markets as it hopes the model will help it return its operations in the recession-hit region to profit by 2015.... Read More »

 

Toyota to follow GM and Ford, end manufacturing in Australia

6:44 am U.S. ET | Feb. 10, 2014
Toyota will stop building cars in Australia in 2017, spelling the end of the local industry after Ford and GM announced last year they also plan to pull out.... Read More »

 

Jaguar Land Rover sales fuel tripling of Tata Motors profit

Feb. 10, 2014 13:07 CET
Jaguar Land Rover reported third-quarter profits that more than doubled to 619 million pounds ($1 billion), helping to buoy parent Tata Motors, which is struggling to revive its Indian auto business.... Read More »

 

Japan is roaring back

12:01 am U.S. ET | Feb. 10, 2014
Enjoying a huge windfall from a weakening yen, Japan's automakers are putting a half-decade of travails behind them and entering a golden age of record profits.... Read More »

 

ANALYSIS

Mitsubishi, in naming Aikawa as next president, declares its independence

12:01 am U.S. ET | Feb. 9, 2014
The naming of Tetsuro Aikawa as Mitsubishi Motors' next president marks a key step toward independence for the carmaker. It may finally be getting out from under the thumbs of its largest shareholders.... Read More »

 

Tata Motors names Mistry interim chief as Slym successor sought

Feb. 7, 2014 11:57 CET
Tata Motors Chairman Cyrus Mistry will lead the automaker while it seeks a replacement for Karl Slym, the automaker's managing director, who fell to his death in Thailand last month.... Read More »

 

Ford to cut 300 jobs in Australia, spurs worries about earlier exit

12:16 pm U.S. ET | Feb. 6, 2014
Ford said it would cut production in Australia by one third with about 300 jobs to go in June, spurring worries the carmaker may exit the country sooner than its planned 2016 deadline.... Read More »

 

Turkish auto sales fall 8% in January

Feb. 5, 2014 15:37 CET
Turkish automotive sales fell 8 percent in January after the government introduced austerity measures and a tax hike on cars.... Read More »

 

Subaru parent says quarterly net income surges to $776 million

6:42 am U.S. ET | Feb. 4, 2014
Net income at Fuji Heavy Industries, the parent of Subaru, climbed sixfold to $776.5 million in the company’s fiscal third quarter, with results bolstered by booming vehicle sales in North America, a weaker yen and a one-time gain of $497 million from the sale of a snowmobile manufacturer.... Read More »

 

Japanese throttle-body supplier to plead guilty to price fixing

12:42 pm U.S. ET | Feb. 3, 2014
Japanese supplier Aisan Industry has agreed to plead guilty and pay a $6.86 million fine for conspiring to fix the prices of throttle bodies sold to Nissan and its subsidiaries.... Read More »

 

Mexico surpassing Japan as No. 2 exporter of light vehicles to U.S.

12:49 pm U.S. ET | Jan. 31, 2014
Japan has ranked among the top two auto exporters to the United States since the 1970s, shipping Toyotas, Hondas and Nissans more than 5,000 miles across the Pacific. But the Asian nation is poised to be eclipsed this year by Mexico, which as recently as 1990 sent fewer than a quarter of a million vehicles across its northern border.... Read More »

 

2 former Diamond Electric execs to plead guilty in price-fixing scheme

12:51 pm U.S. ET | Jan. 31, 2014
Two former senior-level executives with Japanese supplier Diamond Electric Manufacturing have agreed to plead guilty to felony charges in the ongoing global auto parts price-fixing investigation, the Department of Justice said today.... Read More »

 

Mitsubishi Motors' Masuko to step aside as president to focus on partnerships, report says

Jan. 31, 2014 03:29 CET
Mitsubishi will appoint Managing Director Tetsuro Aikawa to replace Osamu Masuko as president. Masuko will become chairman and focus on building partnerships with other automakers, sources said.... Read More »

 

Mitsubishi to shuffle top management, report says

9:29 pm U.S. ET | Jan. 30, 2014
Mitsubishi Motors President Osamu Masuko, who led the struggling carmaker to record profits and overhauled its product strategy, plans to hand off control April 1 to Managing Director Tetsuro Aikawa, Japan's Nikkei business daily reported Friday in Tokyo.... Read More »

 

Toyota, auto electronics suppliers fuel earnings growth streak in Japan

6:34 am U.S. ET | Jan. 29, 2014
Japanese exporters led by Toyota are set to report higher third-quarter profit as a weaker yen fuels the country's longest stretch of earnings growth since 2007.... Read More »

 

Honda's U.S. exports exceeded imports in '13

12:01 am U.S. ET | Jan. 28, 2014
Honda exported more vehicles from its U.S. factories in 2013 than it imported into America from Japan -- a first for the automaker. Honda exported 108,705 American-made Honda and Acura vehicles, compared to 88,537 it brought in from Japan.... Read More »

 

Toyota to curb Japan output 15% in April as tax hike kicks in

7:25 am U.S. ET | Jan. 28, 2014
Toyota plans to curb daily vehicle output in Japan by 15 percent in April from a year earlier as it adjusts for a dampening of demand from a national sales tax rise, a source familiar with its production plans said today.... Read More »

 

Tata boss Slym quarreled with wife before his death, Thai police say

1:34 am U.S. ET | Jan. 28, 2014
Thai police investigating how Tata Motors chief Karl Slym died said he had an argument with his wife on the eve of his death. Slym, a former GM executive from England, fell from a Bangkok hotel window.... Read More »

 

Thai police say Tata boss Slym quarreled with wife before his death

Jan. 28, 2014 07:34 CET
Thai police investigating how Tata Motors chief Karl Slym died said he had an argument with his wife on the eve of his death. Slym, a former GM executive from England, fell from a Bangkok hotel window.... Read More »

 

Tata Motors Managing Director Slym dies after Bangkok hotel fall

Jan. 26, 2014 15:19 CET
Tata Motors Managing Director Karl Slym died after falling from a high floor in a Bangkok hotel. The Englishman, who joined Tata in 2012 after a 17-year stint at GM, was in Bangkok for a Tata Motors Thailand board meeting.... Read More »

 

GM eyes Korean job cuts ahead of Chevy withdrawal from Europe, report says

Jan. 24, 2014 14:25 CET
GM may cut up to 1,100 jobs in South Korea as it pulls its Chevrolet brand from Europe and realigns global manufacturing.... Read More »

 

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