Asia

Jaguar Land Rover will build XE sports sedan in India

Feb. 11, 2016 14:40 CET

Jaguar Land Rover will begin assembly of a fourth model, the Jaguar XE sedan, at its plant in Pune, India.... Read More »

Will Japan's auto industry consolidate?

10:21 am U.S. ET | Feb. 10, 2016

Japan's crowded auto industry is poised to look more like other major markets, with three or fewer carmakers left by the end of the decade. That's more than car-loving Germany or the far bigger U.S. market.... Read More »

Suzuki quarterly operating profit up slightly; net profit outlook trimmed

1:57 pm U.S. ET | Feb. 8, 2016

Suzuki said operating profit rose slightly in the third quarter on healthy demand in India, but trimmed its full-year net profit outlook due to a tax-related issue.... Read More »

N.A., Takata, currency sway Japanese earnings

12:01 am U.S. ET | Feb. 8, 2016

Better business in North America helped Subaru, Mazda and Mitsubishi in the October-December quarter. But spiraling costs for the recalls of Takata airbags tempered earnings, and foreign exchange rates were a double-edged sword.... Read More »

Dual-sourcing dilemma hits Japan again

12:01 am U.S. ET | Feb. 8, 2016

Toyota is suspending production at all assembly lines in Japan because of an explosion at a steel plant. The six-day shutdown raises questions as to whether Toyota learned, as it claimed after Japan's 2011 earthquake, the value of dual sourcing all components.... Read More »

Mahindra mulls Pininfarina-designed premium car

Feb. 5, 2016 14:41 CET

Mahindra has begun talks with Pininfarina, the Italian design house it agreed to buy in December, to build a premium car for the Indian market.... Read More »

Mazda says quarterly earnings ease on currency exchange impact

7:21 am U.S. ET | Feb. 4, 2016

Mazda reported a lower-than-expected operating profit for the third fiscal quarter largely due to a stronger yen against the euro and other currencies, and maintained its outlook for a slightly lower full-year profit.... Read More »

Kia plans first sports sedan next year as it seeks younger, more hip image, report says

10:13 am U.S. ET | Feb. 3, 2016

Kia Motors plans to launch its first sports sedan next year, people familiar with the matter told Reuters, seeking to burnish a sporty, younger image as larger sibling Hyundai Motor builds up its premium offerings.... Read More »

GM to launch first compact sedan in India as part of market share quest

6:30 am U.S. ET | Feb. 3, 2016

GM said it plans to build and sell its first compact sedan in India in 2017, entering the country's fastest-growing passenger car segment as part of efforts to double market share by the end of the decade.... Read More »

NEWS ANALYSIS

No path to profits: Why Ford exited 2 key Asian markets

12:01 am U.S. ET | Jan. 31, 2016

Frustrated by paltry sales, Ford pulled the plug on its businesses in Japan and Indonesia. In both cases, it couldn't crack a Japan Inc. stranglehold: Japanese brands hold more than 90 percent market share in both nations. Ford cut bait to focus elsewhere.... Read More »

Toyota to suspend Japan output for 6 days as steel parts run low

8:54 pm U.S. ET | Jan. 31, 2016

Toyota will suspend production at all assembly lines in Japan for six days this month due to a parts shortage, hitting exports of such cars as Lexus luxury vehicles. The shutdown comes after a Jan. 8 explosion at a steel factory in Japan.... Read More »

Toyota, crimped by steel shortage, may suspend Japan output

10:18 pm U.S. ET | Jan. 29, 2016

Toyota said it may halt production at its plants in Japan early next month due to a steel shortage, following an explosion at a steel plant operated by one of its affiliates.... Read More »

Ford preps new Ka for Europe

Jan. 29, 2016 06:01 CET

Ford is getting closer to launching the European version of the Ka minicar. Ford plans to remain a key player in the region's entry-level sector, the automaker's Europe head, Jim Farley, said.... Read More »

Takata says CEO has no plans 'as of now' to step down

Jan. 29, 2016 11:22 CET

Takata said its CEO Shigehisa Takada had no intention to resign "as of now" as the airbag maker struggles with a long-running safety recall crisis.... Read More »

Toyota will decide on buying out rest of Daihatsu on Friday, report says

Jan. 28, 2016 11:56 CET

Toyota and Daihatsu will decide at board meetings on Friday if Toyota will make the minivehicle maker a wholly owned subsidiary, Reuters reported. Toyota already owns a 51.2 percent stake in the smaller automaker.... Read More »

Ford to close operations in Japan, Indonesia this year

Jan. 25, 2016 10:18 CET

Ford will close all operations in Japan and Indonesia this year as it sees "no reasonable path to profitability" there, according to an internal document reviewed by Reuters on Monday. Ford will exit all areas of business, including shuttering dealerships and stopping sales and imports of Ford and Lincoln vehicles.... Read More »

South Korean antitrust agency probes VW over emissions ads

Jan. 22, 2016 14:32 CET

Volkswagen Group is being probed by South Korea's antitrust regulator over claims it made in advertising relating to emissions from its cars, an official at the agency told Reuters.... Read More »

VW's South Korea chief faces criminal case over emissions recall

Jan. 19, 2016 10:55 CET

South Korea plans to file a criminal complaint against the country's Volkswagen and Audi chief. It says a recall plan for emissions-cheating cars fell short of legal requirements.... Read More »

Former Daimler exec named as Tata Motors CEO

Jan. 18, 2016 15:06 CET

Tata Motors has appointed former Daimler executive Guenter Butschek as its new CEO, two years after the death of previous chief Karl Slym.... Read More »

JAPAN'S LUXURY PLAN

Lexus, Acura and Infiniti search for halos in assault on Germans

12:01 am U.S. ET | Jan. 18, 2016

There's a new luxury plan from Japan, and its message is emotion and power. Even as customers flock to their crossovers, the Japanese luxury brands are combating their traditional weakness in passenger cars. Lexus, Acura and Infiniti rolled out new cars at the Detroit auto show to redefine their brands.... Read More »

Some Nissan websites down for 2nd day after hacking attempt

2:28 pm U.S. ET | Jan. 14, 2016

Nissan websites were down for a second day after an attempted cyberattack by an Anonymous-linked hacker protesting Japanese whaling.... Read More »

Ford expects 2015 pretax profit to set record, says '16 may be even better

6:58 pm U.S. ET | Jan. 12, 2016

Ford said it earned a record pretax profit of at least $10.5 billion in 2015 and that it would match or beat that result in 2016. It also said it would return $1 billion to shareholders in the form of a special 25-cent-per-share dividend, but the news failed to halt a three-month decline in the automaker's stock price.... Read More »

Ferrari, Porsche gain from Australia car-sales boom

Jan. 9, 2016 06:01 CET

Ferrari and Porsche are among automakers benefiting from a booming Australian car market. Sales of new vehicles in Australia increased to a record to 1.16 million last year, helped by a property boom.... Read More »

Penske enters Japan with equity buy into luxury dealership group

5:00 pm U.S. ET | Jan. 7, 2016

Penske Automotive Group, making a foray into Japan, acquired a 49 percent equity stake in the Nicole Group, a luxury dealership group with operations in Tokyo and Kanagawa.... Read More »

Takata may get relief from Japanese automakers, paper reports

6:32 am U.S. ET | Jan. 4, 2016

Takata shares surged the most in more than a year after the Sankei newspaper reported that Japanese automakers may provide support to the airbag maker to safeguard access to its technology.... Read More »

 
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