Asia

Activist investor turns up heat on Hyundai

6:27 am U.S. ET | April 23, 2018

Activist hedge fund Elliott Management dismissed Hyundai Motor Group's restructuring plan as insufficient on Monday and called on the South Korean conglomerate to adopt a holding company strategy and appoint more independent board members.... Read More »

GM Korea, union reach tentative wage deal to avert bankruptcy

6:56 am U.S. ET | April 23, 2018

GM's South Korean unit said that it has reached a tentative wage deal with its labor union, meeting a key condition laid down by the automaker to prevent it filing for bankruptcy.... Read More »

GM Korea, union fail to reach wage deal

6:17 am U.S. ET | April 20, 2018

GM's South Korean unit and its labor union failed to reach a wage deal after another round of talks that sought to avert a bankruptcy filing for the unprofitable operation. Talks will continue over the weekend.... Read More »

ERIC KULISCH

BLOG: Don't expect big shift in U.S. exports with Korea trade deal

3:58 pm U.S. ET | April 20, 2018

Under a revised trade pact with the U.S., Korea will double the annual quota for U.S. light-vehicle imports to 50,000 per Detroit 3 automaker, recognize U.S. safety standards and reduce red tape associated with emissions compliance.... Read More »

Nissan to launch 8 electrified vehicles in Japan by 2022

7:30 am U.S. ET | April 20, 2018

Nissan aims to stoke sales in Japan by launching eight electrified vehicles and overhauling its dealer network over the next five years.... Read More »

GM Korea, union fall short of deal before deadline

11:31 am U.S. ET | April 19, 2018

Wage talks between GM's South Korean unit and its labor union ended without an agreement on Thursday, a day before the deadline the company has set for filing for bankruptcy.... Read More »

As GM mulls options, how does bankruptcy work in S.Korea?

11:40 am U.S. ET | April 19, 2018

GM's Korean unit has warned that it would file for bankruptcy if there isn't a restructuring deal by Friday, as the operation is running out of cash to pay employees and suppliers amid slumping sales. A look at how South Korea's court-managed bankruptcy protection procedures work.... Read More »

South Korea minister: GM's local unit needs to survive on own in long term

6:50 am U.S. ET | April 16, 2018

South Korea's finance minister said that public funds could be used to support GM Korea only if it was clear that the business could survive on its own long term.... Read More »

Continental courts Japan as upheaval hits industry

12:01 am U.S. ET | April 14, 2018

Germany's Continental believes opportunity is beckoning in Japan as automakers there look outside their traditional keiretsu suppliers for advanced technology.... Read More »

GM Korea future hangs by a thread as 16-year foray risks folding

11:33 am U.S. ET | April 12, 2018

After 16 years and billions of dollars in investments, GM faces a decision in South Korea: stay or leave. GM international chief Barry Engle plans to meet South Korean officials this week.... Read More »

GM Korea may drop Chevy Spark, replace it with crossover

6:43 am U.S. ET | April 9, 2018

General Motors' South Korean unit said it may discontinue its Spark minicar and replace it with a crossover as demand in the United States falls.... Read More »

GM workers storm Korea CEO's office after company holds back bonus

April 6, 2018 10:11 CET

GM workers in South Korea forced their way into company executive offices in Incheon, destroying and removing furniture, shortly after the automaker's local unit told employees that there will be no bonuses due to a cash crisis.... Read More »

Hyundai group under pressure from U.S. activist hedge fund with $1 billion stake

7:32 am U.S. ET | April 4, 2018

A unit of activist hedge fund Elliott Management revealed that it holds more than $1 billion worth of shares in key affiliates of Hyundai Motor Group and called for more rapid reform of the auto giant's governance.... Read More »

Female Hyundai executive resigns amid #MeToo movement

8:30 am U.S. ET | April 3, 2018

A female Hyundai executive in South Korea has resigned after being accused of pressuring female subordinates to pour drinks for and dance with senior male members of staff.... Read More »

GM wants to halt shift at Korean plant as sales dive

6:38 am U.S. ET | April 2, 2018

General Motors' South Korean unit has proposed suspending one of two shifts at a plant near Seoul, an internal union newsletter seen by Reuters showed.... Read More »

Trump delivers for Detroit 3 with Korea deal

12:01 am U.S. ET | April 2, 2018

The agreement, which faces legislative review in both countries, addresses a big imbalance in the automobile trade between the U.S. and South Korea.... Read More »

Nontariff barriers in Japan? Not for Volkswagen

12:01 am U.S. ET | March 31, 2018

The head of Volkswagen Japan says nontariff barriers are a nonissue in Japan.... Read More »

Ghosn seeks Renault-Nissan deal for when 'mere mortal' steps in

6:09 am U.S. ET | March 30, 2018

Carlos Ghosn has revived two troubled automakers and he's in the midst of doing so with a third. Now, he's poised to undertake what might well be his final act: A full merger of Renault SA and Nissan Motor Co.... Read More »

Skoda to decide on low-cost platform by mid-year

March 29, 2018 06:01 CET

VW Group subsidiary Skoda will decide by mid-year whether to develop a low-cost version of the group's small-car platform. Skoda CEO Bernhard Maier said that if the project is approved, the first cars based on the budget platform would go on sale around 2021.... Read More »

Italdesign will design minicars for VinFast

March 29, 2018 06:01 CET

Italdesign will style two new minicars for VinFast, which aims to be Vietnam's first domestic automaker. The VW Group design subsidiary previously earned the chance to style an SUV and sedan for VinFast.... Read More »

Nissan will return to Pakistan with Datsun brand

March 28, 2018 14:29 CET

Nissan will resume building and selling cars in Pakistan next year, with its entry-level Datsun brand becoming the latest global automaker to operate in a market tipped to expand in coming years.... Read More »

Hyundai union calls revised trade deal with U.S. 'humiliating'

7:17 am U.S. ET | March 27, 2018

Hyundai's South Korean labor union called the nation's revised free trade deal with the United States "humiliating," and said the extended tariffs on pickups mean a missed opportunity to tap into the American market.... Read More »

GM says South Korean unit will file for bankruptcy if no union concessions

10:33 pm U.S. ET | March 26, 2018

General Motors said its loss-making South Korean operations would file for bankruptcy if its union did not agree to cut labor costs by April 20, the union said.... Read More »

U.S., South Korea revise trade deal; Korean steel faces quota

1:31 pm U.S. ET | March 26, 2018

The United States and South Korea agreed to revise a trade pact with American automakers winning improved market access and Korean steelmakers hit with quotas but avoiding hefty tariffs.... Read More »

GM factory worker in South Korea found dead in suspected suicide

11:25 am U.S. ET | March 25, 2018

A worker at a GM plant in South Korea was found dead in a suspected suicide after filing for a voluntary redundancy program at the company's ailing unit, union officials and police said.... Read More »

 
Why it won't be easy for global automakers to part with Chinese partners

Yang Jian
12:01 am U.S. ET | April 23 2018

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The Chinese government will phase out restrictions on foreign ownership of joint ventures with domes ...
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Schaeffler looks beyond ball-bearings with future urban mobility ideas

Peter Sigal
4:52 am U.S. ET | April 19 2018

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Schaeffler is looking toward the future of mobility with new products that include the Mover, a comp ...
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Key takeaways from VW's wild week

Christiaan Hetzner
7:13 am U.S. ET | April 13 2018

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Audi loses, Porsche wins and why VW Group parted ways with Matthias Mueller were among the key takea ...
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Pininfarina preps H500 concept as Tesla fighter

Jay Ramey
12:01 am U.S. ET | April 13 2018

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Pininfarina is joining with Hong Kong's Hybrid Kinetic Group to develop "clean energy vehicles," and ...
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Jaguar said to be planning Porsche Cayenne rival

Wesley Wren
12:01 am U.S. ET | April 12 2018

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Jaguar has another street-minded crossover in the works, one with the Porsche Cayenne in its sights, ...
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Bangle's quest to ban banality

Douglas A. Bolduc
12:01 am U.S. ET | April 5 2018

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Former BMW chief designer Chris Bangle has strong feelings about the future of car design. He believ ...
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New ZF CEO is bullish about plug-in hybrid sector

Douglas A. Bolduc
12:01 am U.S. ET | March 22 2018

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New ZF CEO Wolf-Henning Scheider says plug-in hybrid will be a "great technology for the next 10 to ...
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BMW, Mercedes win with diesels in Korea

Christiaan Hetzner
12:01 am U.S. ET | March 16 2018

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It's only been a couple of weeks since the 2018 Winter Olympics in Pyeongchang concluded, but for tw ...
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Why Israel is winning with autonomous cars

Douglas A. Bolduc
12:01 am U.S. ET | March 14 2018

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Israel is establishing itself as a major automotive player because of a willingness to continually challenge ideas, a top executive said. ...
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Alpine, Fiat, Volvo find subtle ways to show national pride

Douglas A. Bolduc
12:01 am U.S. ET | March 9 2018

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The pride that Europe's automakers have for their homelands was on display this week at the Geneva a ...
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Newsletters & Alerts
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Mercedes leads China luxury car sales despite Audi surge
Mercedes brand retained its lead as China's top-selling luxury brand so far this year despite a surg ...
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Nissan, Ford, Fiat among losers as Europe sales fall 5%
Nissan, Ford and Fiat brand saw their European sales decline steeply in March as industrywide regist ...
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W. Europe sales drop 6% on falling UK, German demand
Western European car sales fell 6 percent in March, weighed down by falling demand in the UK, German ...
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Russia sales forecast to increase 10% in 2018
Russia's sales are forecast to grow 10 percent this year as the market recovers faster than expected ...
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Spain sales rise 2% despite accelerating diesel slump
New-car sales in Spain rose 2 percent in March, despite a big drop in diesel registrations and two f ...
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Italy sales fall 6% amid political uncertainty
New-car sales in Italy fell 6 percent in March, partly hit by customers postponing purchases as poli ...
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UK sales slump 16% as diesel demand plunges
Demand for new diesel cars in Britain plunged by more than a third in March, pushing down total regi ...
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German market falls 3% as diesel decline accelerates
Registrations in Germany fell 3 percent in March with the decline in diesel-car sales accelerating a ...
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Volvo, Seat show strong gains as French sales rise 2%
French new-car sales increased 2.2 percent in March with Volvo, Seat, Kia and Hyundai recording stro ...
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Skoda, Jeep, Hyundai make big gains in Spain as sales rise 13%
Skoda, Jeep, Hyundai and Dacia were among the big winners as Spanish new-car sales rose 13 percent i ...
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Europe's automakers invest in sedans despite SUV surge
Automakers in Europe are continuing to invest in sedans even though the body style has been losing c ...
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Hyundai, Seat add body styles to spice up key sector
Automakers such as Hyundai, Ford, Kia and Seat are experimenting with new compact-car body styles in ...
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Audi, BMW forecast to give key SUV sector a lift with new flagships
A two-year slump in the demand for premium large SUVs in Europe is expected to end in 2019 as BMW an ...
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Tesla Model S outsells German luxury flagships in Europe
Germany's premium brands are under pressure to accelerate their plans for electric cars after Tesla' ...
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Europe's luxury compact car segment forecast to decline for second year
Aging models such as the BMW 1 series and Audi A3 as well as the continued rise of SUV alternatives ...
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Europe's EV sales expected to top 200,000 this year
Sales of full-electric cars are set to surge to 200,000 this year, helped by the arrival of the new ...
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VW, Peugeot, Seat propel compact SUV sector toward new record
Strong demand for new entries from VW, Peugeot and Seat helped to increase European sales in the com ...
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Premium midsize SUVs overtake sedans, wagons in key European segment
Last year for the first time premium SUV models such as the Volvo XC60, Audi Q5 and BMW X3 were more ...
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Renault, Mercedes, Fiat give new life to pickup segment
Renault, Fiat, Mercedes, and soon PSA, are all launching pickup trucks to take on market leader Ford ...
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Automakers add more tech to subcompact cars to boost margins
New models, increased technology and a strong focus on personalization are helping volume automakers ...
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GM replaces Cadillac chief de Nysschen
GM, seeking an accelerated turnaround at its flagship luxury brand, appointed Steve Carlisle preside ...
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Renault shuffles Dacia, AvtoVAZ bosses
Renault has shuffled the leadership of its Dacia and Lada subsidiaries, appointing Antoine Doucerain ...
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Kia Europe names Herrera new COO
Kia Europe has appointed the head of its Spanish operations, Emilio Herrera, to the position of chie ...
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Bugatti names former Lambo exec as sales chief
Bugatti has named Christian Mastro, a former executive at Lamborghini, as its new sales and marketin ...
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VW names its top U.S. engineer to head new division
VW Group has picked Matthias Erb to lead a newly created interdisciplinary division that spans devel ...
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JLR lures Renault's Alpine boss to head its performance unit
Jaguar Land Rover has appointed Michael van der Sande, the head of Renault's sporty Alpine brand, to ...
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PSA creates new electric vehicle unit
PSA has created a new electric vehicle business unit as it prepares to launch electrified versions o ...
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Rolls-Royce appoints BMW Group veteran as sales chief
Rolls-Royce has appointed veteran BMW Group executive and current head of Mini in China, Henrik Wilh ...
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Nissan names de Ficchy new Europe boss
Nissan has picked finance expert Gianluca de Ficchy to lead its automotive business in Europe. ...
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Autoliv will get new CEO after electronics business spinoff
Autoliv CEO Jan Carlson will become head of the supplier's electronics business, Veoneer. ...
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Hyundai makes Santa Fe more family-friendly
Hyundai hopes more advanced safety and comfort features, better styling and a more refined interior ...
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BMW aims sporty X2 at young buyers
BMW's is aiming its all-new X2 at young and young-at-heart customers.The X2 is a sporty variant of t ...
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With the 720S, McLaren makes a more practical supercar
McLaren has added practical features to its 720S supercar in response to research that showed that m ...
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Nissan Leaf gets big tech, range upgrades
Nissan is counting on its sleeker, more technologically advanced, longer-range Leaf electric car to ...
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Mitsubishi expands reach in compact SUV sector with Eclipse Cross
The arrival of the Mitsubishi Eclipse Cross compact crossover gives the automaker three models that ...
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Jaguar expects to lure new customers with E-Pace
Jaguar sees the new E-Pace SUV as a conquest vehicle for the brand, with 80 percent of buyers new to ...
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With DS 7, PSA gets upscale flagship
PSA says the DS 7 Crossback will stand out from the competition because of its focus on technology, ...
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BMW makes leaner, sleeker 6-series GT
BMW hopes a more appealing design, greater variability and increased comfort will propel sales of it ...
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Volvo counts on XC40 for conquests
Volvo is counting on its first model in the fast-growing premium compact SUV segment to break a lot ...
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Hyundai gives Kona off-road capabilities to broaden small SUV's appeal
Hyundai hopes a sharp design, advanced connectivity features and off-road capability will help win c ...
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Suppliers to the new Porsche 718 Cayman
Assembly of the third-generation Porsche Cayman began in July 2016 at parent Volkswagen Group’ ...
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Suppliers to the new Nissan Micra
Assembly of the fifth-generation Nissan Micra began in December 2016 at alliance partner RenaultR ...
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Suppliers to the new Hyundai i30
Assembly of the third-generation Hyundai i30 began in December 2016 at Hyundai's plant in Nosovice, ...
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Suppliers to the new Opel/Vauxhall Insignia
Assembly of the third-generation Ope/Vauxhall Insignia began in March 2016 at the automaker's plant ...
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Suppliers to the new Ford GT
Assembly of the second-generation Ford GT began in October 2016 at Ford's plant in Markham, Canada. ...
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Suppliers to the new Audi A5
Assembly of the second-generation Audi A5 began in June 2016 at the Volkswagen Group subsidiary's pl ...
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Suppliers to the new Honda Civic
Assembly of the 10th-generation Honda Civic began in July 2016 in at Honda's plant in Swindon, Engla ...
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Suppliers to the new Ford Fiesta
Assembly of the seventh-generation Ford Fiesta began in May 2017 in at Ford's plant in Cologne, Germ ...
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Suppliers to the new Citroen C3
Assembly of the third-generation Citroen C3 began in September 2016 in at PSA's plant in Trnava, Slo ...
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Suppliers to the new Toyota C-HR
Assembly of the all-new Toyota C-HR began in November 2016 at the automaker's plant in Sakarya, Turk ...
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