Asia

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 »

Toyota prices 'Model AA' shares at top range

9:50 am U.S. ET | July 2, 2015

Toyota set the price for its "Model AA" class shares at the top of its range, as retail investors flocked to the $4 billion issue the world's biggest automaker hopes will secure its longer-term shareholders.... Read More »

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 »

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