Asia

Turkish auto sales rise 37% in August

Sept. 3, 2015 11:44 CET

Turkish sales of passenger cars and light commercial vehicles jumped 37 percent in August, helping eight-month registrations rise by 47 percent.... Read More »

GM expects to be profitable in India in 5 years

6:53 am U.S. ET | Sept. 2, 2015

General Motors expects to be profitable in India in five years as it cuts costs and works toward increasing local content in its cars, the automaker's India chief told Reuters.... Read More »

Renault, Nissan halt $756 million India investment, report says

Aug. 31, 2015 11:43 CET

Renault and alliance partner Nissan have halted plans to invest 50 billion rupees ($756 million) in India because they say they are owed 46 billion rupees by the Tamil Nadu state government for investment promotion subsidies and tax refunds, a report said.... Read More »

Global carmakers rework India plans

Aug. 27, 2015 12:01 CET

Leading global carmakers including VW, GM, Nissan and Renault are reviewing their plans in India as they seek to boost sales, avoid more cutbacks, and better compete against market leaders Maruti Suzuki, Hyundai and Mahindra.... Read More »

Ferrari returns to India with California T, new dealers

Aug. 26, 2015 11:40 CET

Ferrari is renewing its Indian market push with two new dealers and the introduction of the California T convertible after terminating earlier dealerships for reasons including dissatisfaction with service levels.... Read More »

Toyota plans Olympic all-stars, report says

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

Toyota will capitalize on its sponsorship of the 2020 Olympics by launching a string of new models tied to the games, including a taxi and fuel cell cars, a Japanese magazine reported.... Read More »

Toyota may buy replacement airbag inflators from three Takata rivals

7:24 am U.S. ET | Aug. 21, 2015

Toyota, recalling about 12 million vehicles worldwide to replace Takata airbags, said it may tap three additional suppliers to boost supply of the components. The automaker said today it is considering using inflators from Autoliv, Daicel and Nippon Kayaku for replacement airbags.... Read More »

Renault-Nissan will cut jobs, production in India

Aug. 20, 2015 12:32 CET

Renault-Nissan plans to cut several hundred jobs in India and reduce production at its plant near Chennai. The move is in reaction to slowing sales caused by the slow pace of new product launches and growing competition from rivals such as Maruti Suzuki and Hyundai.... Read More »

Japan faces shortage of replacement airbags as recalls expand

9:33 am U.S. ET | Aug. 19, 2015

Japan may face a shortfall in supply of replacement airbags as automakers recall 9.8 million vehicles in the country to swap out potentially defective devices made by Takata, according to its transport ministry.... Read More »

Thai stamping supplier to expand in Michigan

11:51 am U.S. ET | Aug. 11, 2015

Thai Summit America will break ground later this month on a 44,000-square-foot expansion in Michigan. The North American subsidiary of Thailand-based Thai Summit Group announced earlier this year it would spend $52.5 million to expand its metal stamping operations.... Read More »

Toyota still No. 1 where it counts: Profits

12:01 am U.S. ET | Aug. 10, 2015

Toyota Motor Corp. may have lost its title as world's biggest automaker halfway through the year, but it beat its two top rivals by miles in profits in the latest quarter, thanks largely to currency gains.... Read More »

Honda's $16,000 coupe sells out in Japan after first production run

4:08 pm U.S. ET | Aug. 7, 2015

Honda has sold out all 8,600 of its new roadsters slated for production this year and is fully booked through June. The only problem: four in five buyers of the $16,000 sports car are over 40.... Read More »

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 »

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