Asia

Toyota's top female executive, Hamp, steps down after arrest in Japan

4:34 am U.S. ET | July 1, 2015

Toyota said Julie Hamp, its first female managing officer, had resigned following her arrest last month on suspicion of illegally importing the painkiller oxycodone into Japan. Hamp, 55, notified Toyota of her intent to resign, the company said in a statement today.... Read More »

Fiat Chrysler will start Jeep output in India in 2017

July 1, 2015 16:10 CET

Fiat Chrysler will invest $280 million to begin Jeep production in India in 2017 through an expanded joint venture with Tata Motors.... Read More »

Japanese automakers to subsidize hydrogen station operating costs

6:25 am U.S. ET | July 1, 2015

Toyota, Nissan and Honda plan to help cover the cost of operating hydrogen stations in the country to popularize cars powered by fuel cells.... Read More »

GM Korea workers approve strike over pay, output

6:57 am U.S. ET | July 1, 2015

GM employees in South Korea voted today in favor of a strike over wages and production volumes, prompted by uncertainty over the automaker's output plans as its labor costs in the country rise.... Read More »

Suzuki patriarch appoints son as president and likely successor

5:50 am U.S. ET | June 30, 2015

Osamu Suzuki, the outspoken patriarch of Suzuki Motor, positioned his son Toshihiro as his successor, appointing him president and COO of the family's namesake carmaker. Osamu Suzuki will keep his positions as chairman and CEO.... Read More »

Toyota's new shares are popular in Japan

10:17 am U.S. ET | June 30, 2015

Japanese retail investors are flooding stock brokers with orders for a new class of Toyota shares, indicating the carmaker can fetch a good price for the issue and secure a new group of long-term investors.... Read More »

After 'chicken tax,' a flood of foreign trucks?

12:01 am U.S. ET | June 29, 2015

Two free-trade deals the U.S. is trying to negotiate would roll back the so-called chicken tax. Critics of the tax say it has priced imported trucks out of the market, shielding the Detroit 3's biggest profit machine from robust foreign competition. The tariff also has had other effects, experts say, such as stifling pickup innovation and motivating Japanese automakers to build U.S. factories.... Read More »

How U.S. chickens led to Japanese truck plants

12:01 am U.S. ET | June 29, 2015

The so-called chicken tax has played a significant role in shaping the U.S. auto market.... Read More »

Toyota President Toyoda earns $10.3 million, surpassing Nissan's Ghosn

June 24, 2015 11:14 CET

Toyota President Akio Toyoda became the highest-paid auto executive in Japan last year after dividend payouts pushed his total compensation to $10.3 million, passing Nissan CEO Carlos Ghosn.... Read More »

Toyota HQ raided by police over executive's arrest, report says

10:28 am U.S. ET | June 23, 2015

Toyota's headquarters was raided by police over the arrest of the company's new communications chief, Julie Hamp, for the alleged illegal import of painkillers, a Japanese newspaper reported today.... Read More »

VW plans subcompact sedan for India to help build market share

June 23, 2015 15:20 CET

Volkswagen is betting that the launch of a subcompact sedan in India will help it build on its small market share in the market. The new car comes with equipment usually reserved for high-end models, such as dual airbags and automatic gear shift.... Read More »

Ghosn's Nissan pay tops $8 million

June 23, 2015 10:48 CET

Nissan CEO Carlos Ghosn received a total of 1.03 billion yen ($8.3 million) in salary and bonuses for the year ended March 31, an increase of 4 percent from a year earlier, and the first time his pay has reached this figure.... Read More »

Bumps in Toyota's road to diversity

12:01 am U.S. ET | June 22, 2015

Stumbles with two high-profile foreign executives at Toyota cast a pall over what had been a bold move forward in the internationalization of the world's biggest automaker.... Read More »

Toyoda defends 'close friend' Hamp after arrest

6:40 am U.S. ET | June 19, 2015

Toyota CEO Akio Toyoda defended his "close friend" and global communications chief Julie Hamp a day after her arrest for allegedly importing narcotic painkillers and promised the investigation will show that the company's first upper-level female executive had no intention of breaking Japanese law.... Read More »

Subaru adds Impreza Sport Hybrid, its second hybrid, for Japan

11:00 am U.S. ET | June 19, 2015

Subaru is adding a second hybrid vehicle to its lineup, a gasoline-electric version of the Impreza hatchback it hopes will tap booming demand for the fuel-efficient technology in Japan.... Read More »

Toyota appeals $327 million tax bill in Thailand

7:00 am U.S. ET | June 19, 2015

Toyota said its Thailand subsidiary is appealing a Thai government order to pay additional taxes that the Nikkei business daily said would total more than 11 billion baht ($327 million).... Read More »

Toyota 'confident' arrested exec Hamp didn't intend to break Japan drug laws

6:52 am U.S. ET | June 18, 2015

Toyota expressed confidence in communications chief Julie Hamp, its first female senior executive, after she was arrested Thursday on suspicion of a Japanese drug offense involving a prescribed medication, saying she did not intend to break any laws.... Read More »

Hyundai, Kia cut output in South Korea after sales decline

7:43 am U.S. ET | June 12, 2015

Hyundai and its affiliate Kia are reducing production after sales fell at the two Korean carmakers.... Read More »

Mercedes adds India output of GLA in bid to regain luxury-car lead in market

June 12, 2015 12:42 CET

Mercedes is boosting local output in India by adding production of the GLA at its factory in Pune. The automaker expects the move will help it lower the crossover's starting price, which should give Mercedes a sales lift as it tries to pass Audi for the market's premium-car lead.... Read More »

Japanese launch plan for cars to help power electric grid

8:11 am U.S. ET | June 8, 2015

Japanese automakers aim to solidify their global leadership in electric-vehicle charging standards by extending the technology to vehicle-to-infrastructure energy transfers.... Read More »

Toyota boosting Japan exports to reach sales goal

7:07 am U.S. ET | June 5, 2015

Toyota, facing capacity constraints in North America, may boost exports from Japan for the first time in three years to meet its global sales target.... Read More »

Trouble for ex-FCA execs Down Under

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

Fiat Chrysler's Australian subsidiary has filed suit against two former top executives in the country, accusing them of bilking the company out of millions of dollars to fund lavish lifestyles, according to Australian news reports.... Read More »

Honda expands airbag recall in Japan

4:32 am U.S. ET | May 28, 2015

The global Takata airbag recall widened again today with Honda calling back another quarter million vehicles in Japan equipped with possibly defective airbag inflators.... Read More »

Renault resumes production in Turkey

May 27, 2015 16:39 CET

Renault resumed normal production at its plant in Turkey after employees ended a strike. The protest over working conditions also affected output at factories operated by Fiat and Ford.... Read More »

Ford's Turkish unit halts output

May 26, 2015 08:56 CET

The Turkish unit of Ford suspended operations at one of its plants after a week-long labor dispute flared up again.... Read More »

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