Asia

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 »

 

Japan exports fall despite favorable yen

12:01 am U.S. ET | Sept. 15, 2014
Japan's auto exports finally may be decoupling from the yen after decades of yo-yoing up and down with exchange rates.... Read More »

 

THE GM RECALL

GM has substantially completed vehicle recalls, Barra says

9:06 am U.S. ET | Sept. 11, 2014
General Motors has “substantially completed” its vehicle recalls, CEO Mary Barra said. “We're working hard to make sure that as new vehicles come out, they achieve even higher levels” of quality and safety, Barra told reporters in New Delhi today. “We're very focused to being industry leaders.”... Read More »

 

Athletic Mazda2 debuts as test on many levels

9:00 pm U.S. ET | Sept. 10, 2014
Mazda unveiled a more athletic fourth-generation Mazda2 hatchback late Wednesday, deploying its latest Skyactiv drivetrain and chassis technologies into the subcompact segment. The upgrade is sorely needed to keep the pint-sized car relevant in an increasingly competitive field against such upstarts as the hot-selling Chevrolet Sonic and Ford Fiesta.... Read More »

 

Mahindra in alliance talks with PSA, Saab maker, report says

Sept. 8, 2014 10:52 CET
Indian automaker Mahindra & Mahindra is exploring alliance opportunities with PSA/Peugeot-Citroen and the maker of Saab cars, NEVS, according to a newspaper report.... Read More »

 

Mazda splurges on MX-5 Miata debut and celebration

7:47 am U.S. ET | Sept. 6, 2014
Mazda is a tiny carmaker on a shoestring budget. So nothing attests more to the import of the MX-5 Miata's debut than the company's big splurge on a laser-lit, smoke-machined three-continent, simultaneously live-streamed global reveal.... Read More »

 

Turkish auto sales fall 8% in August

Sept. 3, 2014 12:26 CET
Turkish auto sales fell 8 percent in August, the Automotive Distributors' Association said today. Eight-month deliveries were down 22 percent, the association said.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

VW India boss outlines turnaround plan

Sept. 1, 2014 06:15 CET
VW India boss Mahesh Kodumudi explains to Automotive News Europe what measures the automaker is taking to reverse its slide in the key market.... Read More »

 

Thailand set to approve Volkswagen factory, report says

Sept. 1, 2014 23:00 CET
Thailand is set to approve the construction of a VW factory near Bangkok, a German newspaper reported. The investment would secure tax and customs advantages for VW if it builds fuel-efficient cars there.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How India went from boom to bust

Sept. 1, 2014 06:15 CET
After a period of rapid expansion, India's car market entered a slump indirectly triggered by the U.S. Federal Reserve's announcement that it would start to gradually phase out its ultra-loose monetary policy.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Heated debate over transfer pricing

Sept. 1, 2014 06:15 CET
A key challenge facing companies in India is litigation over transfer pricing. Foreign companies are debating with the government whether business between two companies with the same parent is artificially mispriced to lower tax bills.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

European automakers seek firmer foothold in India

Sept. 1, 2014 06:15 CET
When VW reported group deliveries in India had more than doubled in 2011, it looked as if the market would help the automaker achieve its goal of being No. 1 in global sales. Things have changed since then, forcing VW to rework its plans.... Read More »

 

Why GM struggles in Japan

12:01 am U.S. ET | Aug. 31, 2014
Selling General Motors' U.S.-built vehicles in Japan has never been easy and these days it is harder than ever. GM's lineup is paltry and its lackluster brand images were further tarnished by the company's bankruptcy in 2009 and recalls this year.... Read More »

 

Lexus NX may challenge RX for brand sales leader outside U.S.

6:51 am U.S. ET | Aug. 29, 2014
The new Lexus NX compact crossover, already racking thousands of orders in Japan, may unseat big sibling RX as the luxury brand's top global nameplate. At least outside the United States.... Read More »

 

Subaru casts wider net with safer, greener WRX

1:42 pm U.S. ET | Aug. 27, 2014
Subaru hopes the redesigned WRX line will capture a wider customer base with better fuel economy and safety features after spinning off the nameplate from its Impreza stablemate.... Read More »

 

GM, Ford, Toyota and VW among automakers hit by antitrust penalties in India

Aug. 26, 2014 10:21 CET
India's antitrust regulator fined 14 carmakers a combined $420 million for stifling competition in the market for spare parts. Among the companies fined were the local units of GM, Ford, Toyota, VW, Fiat, Nissan, BMW and Mercedes.... Read More »

 

Subaru shows glitzy new global HQ befitting new stature

10:26 am U.S. ET | Aug. 25, 2014
Subaru today christened a glistening new global headquarters more befitting of the hot brand's bigger international profile. The glass-and-steel digs, in Tokyo's trendy Ebisu district, replaces a cramped, gloomy 48-year-old monolith it sold in 2010.... Read More »

 

Smartphone camera makers see next opportunity in cars

2:23 pm U.S. ET | Aug. 15, 2014
South Korean smartphone camera makers are tapping the surging yet more technologically demanding market for vehicle cameras to dull the impact of slowing growth in global handset sales.... Read More »

 

Jobs growth slows at Japanese auto plants in U.S.

12:25 pm U.S. ET | Aug. 15, 2014
Japanese automakers and their suppliers added jobs in the United States at a slower pace in 2013 than in 2012, as they continued to expand in Mexico and elsewhere to reduce the impact of currency fluctuations.... Read More »

 

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Calif. dealer offers staff spiritual care

Calif. dealer offers staff spiritual care

Calif. dealer Bill Hoehn has something few retailers have: A full-time chaplain. The chaplain provides care and support for employees, is available 24/7 for crisis needs and even presides over weddings. Mon., September 22
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