AsiaGerman brands enjoy sales boom in KoreaMay 21, 2013 06:01 CET  South Korea has become a growth market for BMW, Mercedes and Audi as lower tariffs make their cars cheaper and local buyers abandon a decades-long preference for domestic brands.... Read More »
Again, Tokyo show a no-go for Detroit 3 12:01 am U.S. ET | May 20, 2013 The Detroit 3 will sit out the Tokyo Motor Show, no-shows for the third straight time.... Read More »
TALK FROM THE TOP: JIM LENTZ, CEO, NORTH AMERICA REGION, TOYOTA MOTOR CORP. Toyota streamlines decision-making for North America 12:01 am U.S. ET | May 20, 2013  Toyota President Akio Toyoda restructured the company's management this year to give more authority and autonomy to local regions. Nowhere was this more evident than in North America, where Jim Lentz, CEO of Toyota Motor Sales, was placed in charge of all Toyota sales and manufacturing for the region.... Read More »
Infiniti: Raise quality, sales will follow 12:01 am U.S. ET | May 20, 2013  Infiniti President Johan de Nysschen, poached last summer from Audi, aims to push into new segments, restore profitability to Nissan's luxury marque and fix lackluster quality rankings. Nissan CEO Carlos Ghosn has ordered de Nysschen to make the brand a top-tier premium player and boost global sales to 500,000 by 2016 from just 170,000 last year.... Read More »
CARS & CONCEPTS Honda to return to F1 racing 12:01 am U.S. ET | May 20, 2013 Honda will return to Formula One as an engine supplier after exiting the racing series in 2008. The Japanese automaker will provide engines to its former F1 racing partner McLaren starting in 2015.... Read More »
Kogai takes reins of Mazda's comeback 12:01 am U.S. ET | May 20, 2013  Mazda Motor Corp.'s CEO designate, Masamichi Kogai, had a big hand in creating the more stable, profitable carmaker he inherits. But formidable challenges lie ahead.... Read More »
Hyundai, Kia losing ground to luxury imports at home as tariffs fall 12:01 am U.S. ET | May 19, 2013  Foreign brands have seen their share of South Korea's market for premium vehicles surge to 41 percent from 28 percent in the past two years, according to Korean industry groups, as lower tariffs make their cars cheaper and local buyers abandon a decades-long preference for domestic brands.... Read More »
Toyota plans big hike in lithium ion battery output 12:22 pm U.S. ET | May 19, 2013  Toyota is planning to increase production of lithium ion batteries by six times, as the automaker prepares to eventually use them in its flagship Prius gasoline-electric hybrid cars, the Nikkei business daily reported on Sunday.... Read More »
Audi overtakes BMW as India's top-selling premium brandMay 18, 2013 06:01 CET  Audi has overtaken BMW as India's top seller of luxury vehicles, and Audi executives say the success is due to the automaker's rapid expansion outside large urban centers, as well as the Q3 SUV introduced last year.... Read More »
Ford to shift Fiesta output to Thailand from Mexico, report says 4:07 pm U.S. ET | May 16, 2013  Ford, moving to ease production constraints in North America, plans to shift output of the Fiesta subcompact from Mexico to Thailand in 2016, The Detroit News reported today.... Read More »
Renault expects 5% dip for European car marketMay 16, 2013 09:34 CET  Renault expects the European car market to shrink 5 percent this year over last year, Chief Operating Officer Carlos Tavares said. The French carmaker foresees the European market being "slightly better" in the remaining three quarters of this year than the first three months, when European market sales fell 10 percent after a "very poor performance," Tavares said.... Read More »
Falling yen lifts outlook for Japanese 12:01 am U.S. ET | May 13, 2013 For five years, a rising yen undermined Japanese automakers' profits. Now the currency's sudden weakening has delivered dramatic gains, especially in the January-March quarter.... Read More »
Toyota: N.A. to fuel biggest profits in 6 years 12:01 am U.S. ET | May 13, 2013 Toyota Motor Corp. expects North America to be its fastest-growing market this fiscal year, driving the company to its highest profits since the global financial crisis.... Read More »
Mazda problem solver Kogai gets a new job: CEO 12:01 am U.S. ET | May 13, 2013  After Japan's devastating March 2011 earthquake and tsunami, Mazda Motor Corp. CEO Takashi Yamanouchi needed someone to sort out and reinforce the carmaker's shattered supply chain and production system. He chose Masamichi Kogai, a manufacturing and purchasing specialist. Now, Kogai, 58, is getting a new assignment: Run the whole company.... Read More »
Airbag supplier Takata names first foreign presidentMay 10, 2013 19:25 CET  Japan's Takata, reeling from its role in a global airbag recall, said today it will replace its president with Swiss national Stefan Stocker, the first foreigner in the post.... Read More »
Airbag supplier Takata names first foreign president 1:25 pm U.S. ET | May 10, 2013  Japan's Takata, reeling from its role in a global airbag recall, said today it will replace its president with Swiss national Stefan Stocker, the first foreigner in the post.... Read More »
Renault-Nissan parts warehouse in India nearly destroyed by fireMay 10, 2013 06:01 CET A major warehouse supplying parts to a Renault-Nissan plant in India was almost destroyed by fire early on Thursday, but the incident is unlikely to affect alliance operations in the country, Nissan said today.... Read More »
Infiniti names veteran powertrain engineer as head product plannerMay 10, 2013 06:01 CET  Infiniti has named powertrain specialist Toshihiro Hirai as global head of product planning as it tries to strengthen the marque's identity.... Read More »
In boon for Japan's automakers, yen tumbles over milestone 10:21 pm U.S. ET | May 9, 2013  Toyota's half-decade of fighting the yen is over, at least for now. The weakening yen breached 100 against the dollar in U.S. trading on Thursday, paving the way for Japanese automakers to emerge from an unprecedented stretch where the currency's appreciation roiled their ability to sell cars overseas at a profit.... Read More »
Renault-Nissan parts warehouse in India nearly destroyed by fire 3:48 pm U.S. ET | May 9, 2013 A major warehouse supplying parts to a Nissan-Renault alliance plant in India was almost destroyed by fire early today, a Nissan spokeswoman said, possibly affecting production at the plant that makes 400,000 vehicles a year.... Read More »
Infiniti names veteran powertrain engineer as head product planner 2:27 pm U.S. ET | May 9, 2013  Infiniti has named powertrain specialist Toshihiro Hirai as global head of product planning as it tries to strengthen the marque's identity.... Read More »
Volkswagen recalls 91,000 cars in Japan on transmission problemsMay 9, 2013 12:02 CET  Volkswagen said today that it is recalling around 91,000 cars in Japan, citing potential transmission problems that have already led to the recall of 384,181 vehicles in China.... Read More »
Mazda names production chief Kogai next CEOMay 9, 2013 06:01 CET  Mazda has appointed Masamichi Kogai its next CEO. The production and purchasing specialist replaces Takashi Yamanouchi, who led the carmaker to its first annual profit in five years. The promotion takes effect pending approval at the Japanese company's June 25 annual shareholders' meeting, Mazda said in a statement.... Read More »
BMW under inspection in India after report of tax probeMay 9, 2013 06:01 CET  BMW has said it is cooperating with Indian authorities after a newspaper reported the automaker is being investigated for possibly owing $120 million in taxes.... Read More »
Mazda names production chief Kogai next CEO 10:57 pm U.S. ET | May 8, 2013  Mazda has appointed Masamichi Kogai its next CEO. The production and purchasing specialist replaces Takashi Yamanouchi, who led the carmaker to its first annual profit in five years. The promotion takes effect pending approval at the Japanese company's June 25 annual shareholders' meeting, Mazda said in a May 9 statement.... Read More »
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 Dealer O.C. Welch's big-truck turnaroundAfter Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17» Watch the Video |
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