Asia

Japanese score big in N.A. in 1st quarter

12:01 am U.S. ET | Aug. 3, 2015

Booming business in North America was a gleaming bright spot for Japanese automakers in the latest quarter, as sales and operating profits climbed higher in the region for Nissan, Mazda, Mitsubishi, Honda and Subaru's parent company, Fuji Heavy Industries.... Read More »

GM takes a fresh look at emerging markets

12:01 am U.S. ET | Aug. 2, 2015

GM is spending $5 billion to develop a new family of Chevrolet small cars that it will build and sell in China, Brazil, India, Mexico and other emerging markets. It is co-developing the common architecture and engines with Chinese partner SAID Motor corp.... Read More »

REUTERS SPECIAL REPORT

Subaru's low-paid foreign workers power an export boom

12:01 am U.S. ET | Aug. 1, 2015

At the heart of Subaru's ongoing U.S. sales boom has been the Forester SUV, which has carved out a following with American drivers for its performance, price and aura of social responsibility. What Subaru does not tout is that its boom is made possible in part by asylum seekers and other cheap foreign laborers from Asia and Africa.... Read More »

Pacific trade talks end without deal; vehicle tariffs, rules remain a hurdle

3:49 am U.S. ET | Aug. 1, 2015

High-level negotiations in Hawaii on a trade agreement in the Pacific Rim wrapped up without a final deal as disagreements over vehicle tariffs and other rules trumped progress in other areas. The dialogue may resume within weeks.... Read More »

Subaru parent's operating profit jumps 70% on surging U.S. sales

6:20 am U.S. ET | July 31, 2015

Japan's Fuji Heavy Industries, the maker of Subaru cars, posted a 70 percent jump in quarterly operating profit as sales continued to climb in the United States, its biggest market, and a weak yen boosted the value of earnings overseas.... Read More »

FCA battles in court with Australia ex-CEO

9:56 am U.S. ET | July 31, 2015

FCA traded charges in court with its former Australia CEO, who denied breaching his legal duties and said he acted on instructions from above after a lawsuit by the carmaker accused him of excessive spending and illegally enriching himself through commercial deals.... Read More »

Mitsubishi Motors' April-June net falls 15%

1:51 pm U.S. ET | July 30, 2015

Mitsubishi Motors today said its fiscal first-quarter net income fell 15 percent to 23.99 billion yen, or $195.56 million, brought down by widening losses in Japan, poor performance in Europe and a drop in global factory unit sales.... Read More »

GM to invest $1 billion in India, plans to double market share by 2020

6:59 am U.S. ET | July 29, 2015

General Motors plans to invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said today.... Read More »

GM Korea reaches tentative wage deal with union

9:01 am U.S. ET | July 27, 2015

General Motors' South Korean unit tentatively reached an annual wage deal with its labor union today, averting a major strike at one of its key Asian production bases, a union spokesman told Reuters.... Read More »

Mitsubishi will focus production on Japan, Russia, S.E. Asia after closing U.S. plant

July 27, 2015 08:42 CET

Mitsubishi will focus production on Japan, Russia and Southeast Asia after closing its U.S. plant, the automaker's president, Tetsuro Aikawa, said. Mitsubishi currently builds cars in Thailand and the Philippines and will open a factory in Indonesia.... Read More »

Mitsubishi to end U.S. vehicle output, report says

4:32 pm U.S. ET | July 23, 2015

Mitsubishi plans to quit building light vehicles in the U.S., according to Japan's Nikkei news service, which called the move part of a strategic shift to the growing Asian market. Mitsubishi declined to comment.... Read More »

High-performance Cadillacs roar into Japan

7:23 am U.S. ET | July 21, 2015

GM is introducing two high-performance V-Series Cadillac nameplates in Japan that outspoken presidential hopeful Donald Trump famously blasted as closed to Detroit automakers.... Read More »

Maserati sales will resume in India

July 15, 2015 16:16 CET

Fiat Chrysler will resume sales of its Maserati sports cars in India, nearly three years after troubles with its former partner forced it to leave the market. Growth in luxury car sales in India has outpaced sales of other passenger vehicles over the last few years.... Read More »

Honda to make English official work language by 2020

12:01 am U.S. ET | July 13, 2015

Honda said English will be the official language for all inter-regional communications at the Tokyo automaker by 2020.... Read More »

Nissan says Japan plant will make hot-selling Rogue for U.S.

2:06 pm U.S. ET | July 9, 2015

Nissan said that next year its plant in Kyushu, Japan, will begin building up to 100,000 Rogues annually for the U.S. market.... Read More »

Toyota's Turkey unit hit hard by Russia slump

July 9, 2015 10:12 CET

Toyota's Turkish unit saw first-half exports slump by 30 percent as the weaker ruble hit Russia's car market, but the unit's CEO hopes to pare losses via additional domestic sales and by boosting exports to Europe.... Read More »

Honda adds 4.5 million cars to recalls for Takata airbags

July 9, 2015 09:55 CET

Honda added 4.5 million more vehicles to recalls involving Takata airbags. Honda said 1.63 million of the vehicles are in Japan but is still compiling data for other markets. North America is not included in this latest recall, Honda said.... Read More »

Ex-Toyota exec Hamp freed without charges; Hayakawa new CCO

July 8, 2015 10:54 CET

Former Toyota executive Julie Hamp was released from custody in Japan today without being charged, following her arrest last month on suspicion of illegally importing oxycodone. Toyota said Senior Managing Officer Shigeru Hayakawa will succeed Hamp as chief communications officer.... Read More »

Nissan says Takata airbag caused fire in Japan crash

6:31 am U.S. ET | July 8, 2015

Nissan said an airbag made by Takata Corp. installed in one of its cars had deployed with too much force and caused a fire in a light crash in Japan, marking the automaker's first such case in the country.... Read More »

Ex-Toyota exec Hamp to be released from custody in Japan, report says

5:20 am U.S. ET | July 7, 2015

Tokyo prosecutors plan to release Julie Hamp, a former Toyota executive, on Wednesday after she was arrested last month on suspicion of illegally importing the painkiller Oxycodone into Japan, a report said.... Read More »

Mercedes will pass VW in Japan this year on surging luxury car sales

July 6, 2015 11:30 CET

Mercedes will likely pass Volkswagen this year to become the top-selling import brand in Japan for the first time in 16 years, underscoring the nation's surprising boom in demand for luxury cars.... Read More »

Financial aid for hydrogen infrastructure

12:01 am U.S. ET | July 6, 2015

Japan's three biggest automakers plan to help cover the cost of operating hydrogen stations in the country to popularize cars powered by fuel cells.... Read More »

THE SUPPLIER SPEAKS: TADASHI ARASHIMA, PRESIDENT, TOYODA GOSEI CO.

Toyoda Gosei 'on track' to loosening Toyota ties

12:01 am U.S. ET | July 6, 2015

Toyoda Gosei President Tadashi Arashima says his company is on track to reducing its dependence on Toyota Motor Corp., which accounts for nearly two-thirds of the Japanese supplier's annual sales.... Read More »

Toyota finds airbags are in demand on world's deadliest roads

12:01 am U.S. ET | July 3, 2015

For many years, carmakers have been loath to make airbags standard on models in India, worried that higher costs will hurt sales. But Toyota has found that customers don't mind paying more for safety on the world's deadliest roads.... Read More »

Honda to make English official language by 2020

6:57 am U.S. ET | July 3, 2015

Former Honda Motor Co. CEO Takanobu Ito famously said five years ago that it was “stupid” to make English the official work language of a Japanese company. Now that he’s left the building, however, Japan’s No. 3 carmaker is changing its tune.... Read More »

 
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