Asia

Honda, in wake of 5th Fit recall, appoints first quality czar

6:28 am U.S. ET | Oct. 23, 2014
Honda, announcing its fifth Fit recall in just 12 months, has taken the unprecedented step of appointing its first quality czar to clamp down on the carmaker's problems. The latest recall did not include Fits in the U.S.... Read More »

 

Toyota executive backs Takata’s handling of airbag crisis

6:39 am U.S. ET | Oct. 22, 2014
A top Toyota executive offered support for how airbag maker Takata is handling a safety crisis affecting millions of vehicles, days after expanding its own recalls for the second time in four months.... Read More »

 

Jeep first U.S. brand to crack Top 10 in Japan's Car of Year Award

9:51 am U.S. ET | Oct. 16, 2014
Jeep has made history by becoming the first brand from the United States to crack the top 10 in this country's Car of the Year Award. The honor came down this week for the Jeep Cherokee, which was tapped as one of the 10 Best Cars for 2014-15. It was a first for any American nameplate.... Read More »

 

Former Showa exec indicted in U.S. price-fixing probe

12:07 pm U.S. ET | Oct. 16, 2014
A former executive of Japanese auto parts supplier Showa has been indicted by a federal grand jury in Cincinnati on a charge of conspiring to fix the prices of parts sold to American Honda and others.... Read More »

 

Hyundai Motor to use cash to fund $10 billion land deal

7:17 am U.S. ET | Oct. 16, 2014
Hyundai Motor and its two affiliates will use cash to fund their 10.6 trillion won ($10 billion) purchase for a land site in Seoul, raising concern the companies will reduce shareholder payouts.... Read More »

 

Hitachi Automotive readies new autonomous driving technology

10:57 am U.S. ET | Oct. 15, 2014
Hitachi Automotive Systems is readying a suite of new autonomous driving technologies, including a no-hands self-parking function it plans to market in 2016. The systems, unveiled last week at the supplier’s proving ground in northern Japan, entail precrash braking, advanced adaptive cruise control and vehicle stability control for electric vehicles.... Read More »

 

Ghosn finds Datsun a tough sell -- even at $5,000

6:48 am U.S. ET | Oct. 14, 2014
In July last year, as Nissan prepared to bring Datsun out of a decades-long retirement, the company scoffed at the idea that the budget brand could follow Tata's $2,500 Nano in becoming a flop.... Read More »

 

Toyota supplier celebrates Nobel Prize winners

7:34 am U.S. ET | Oct. 10, 2014
A Toyota-affiliated supplier is applauding two of its researchers as winners of this year's Nobel Prize in Physics.... Read More »

 

Toyota supplier Denso considers Japan expansion as yen weakens

1:51 pm U.S. ET | Oct. 7, 2014
Denso is giving Japanese Prime Minister Shinzo Abe a reason to believe his weak yen policy will eventually boost investment by manufacturers. The supplier, an affiliate of Toyota and the automaker's biggest supplier, said it’s considering expanding production in Japan.... Read More »

 

Mahindra will buy 51% stake in PSA's money-losing scooter unit

Oct. 7, 2014 10:38 CET
Mahindra & Mahindra will buy a majority stake in PSA/Peugeot-Citroen's money-losing scooter unit, giving the Indian tractor and SUV maker access to European technology.... Read More »

 

Japanese automakers idle domestic plants as typhoon strikes

11:35 am U.S. ET | Oct. 5, 2014
Toyota halted production on Monday morning at 12 plants in central Japan due to a typhoon that hit the region.... Read More »

 

Tokyo Motor Show picks fantasy theme for 2015 event

9:04 am U.S. ET | Oct. 3, 2014
Next year’s Tokyo Motor Show goes futuristic with a “Technology & Fantasy” concept organizers hope generates buzz. The tagline “Your heart will race” underscores the aim to get pulses pumping at what was once Asia’s premier auto exhibition.... Read More »

 

Hyundai Motor workers approve 2014 wage pact, end strikes

7:08 am U.S. ET | Oct. 2, 2014
Hyundai Motor's union workers in South Korea agreed to end strikes that may have cost the company more than 900 billion won ($847 million) in lost output after they accepted the carmaker’s proposal to increase wages.... Read More »

 

Hyundai reaches wage deal with union after work stoppages

11:30 am U.S. ET | Sept. 29, 2014
Hyundai Motor reached a tentative wage deal today with its South Korean labor union, a union spokesman said, potentially resolving disputes that had dragged on longer than expected and led to partial strikes.... Read More »

 

Japan's keiretsu suppliers at risk in a new reality

12:01 am U.S. ET | Sept. 29, 2014
Japanese suppliers are struggling to adjust to a new business reality that threatens to undermine the country's keiretsu system of tightknit cooperation between carmakers and their favorite-son suppliers. Blame the unraveling on an immutable truth: Japan's carmakers have stopped expanding at home.... Read More »

 

Hyundai pays the price for prestige

12:01 am U.S. ET | Sept. 27, 2014
Hyundai Motor Group Chairman Chung Mong-koo got what he wanted: a spacious corporate home in Korea's most prestigious neighborhood. Now he is paying the price.... Read More »

 

Skoda denies report on investment curb in India

Sept. 26, 2014 16:01 CET
Skoda says it remains committed to its Indian operations after a report suggested that the automaker may cut investments in the market over concerns about the country's business environment.... Read More »

 

VW picks Kantner to lead India sales

Sept. 25, 2014 06:01 CET
VW Group has named Manfred Kantner the new head of passenger car sales for India and the Far East at the group's namesake brand. India has been a trouble spot for VW brand since growth slowed in 2012.... Read More »

 

Hyundai directors kept in dark on size of $10 billion land bid, report says

10:56 am U.S. ET | Sept. 22, 2014
Hyundai Motor and two affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.... Read More »

 

7 Japanese supplier execs indicted in price-fixing scheme

4:09 pm U.S. ET | Sept. 18, 2014
A federal grand jury in Detroit has indicted seven executives from Japanese auto suppliers Mitsubishi Electric and Hitachi Automotive Systems for their alleged roles in a conspiracy to fix auto parts prices, the Justice Department said today.... Read More »

 

Hyundai Motor's record $10 billion bid for trophy property alarms investors

11:33 am U.S. ET | Sept. 18, 2014
Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property.... Read More »

 

Bentley adds models in Korea on rising ultraluxury demand

Sept. 18, 2014 12:25 CET
Bentley is adding new models in South Korea as the brand sees increased competition for ultraluxury cars in the market. The automaker says its dealership in Seoul has seen a 133 percent jump in deliveries so far this year.... Read More »

 

Mahindra said to be in talks to buy PSA's scooter unit

Sept. 16, 2014 16:32 CET
Indian SUV and tractor maker Mahindra & Mahindra is said to be in advanced talks to buy PSA/Peugeot-Citroen's scooter unit, after PSA CEO Carlos Tavares said the group was looking to offload the business.... Read More »

 

Penske expands engines, power business in Australia, Pacific

3:46 pm U.S. ET | Sept. 16, 2014
Penske Automotive Group today said it is buying a company that distributes diesel and gasoline engines and power systems in Australia, New Zealand and the Pacific markets.... Read More »

 

Nissan transforms Japanese plant

12:01 am U.S. ET | Sept. 15, 2014
With a stern foreman clocking their efforts on his stopwatch, the Chinese apprentices snap together their first Nissan vehicle, brick by brightly colored plastic brick.... Read More »

 

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