Asia

Denso forecasts profit growth on higher Asia sales

11:10 am U.S. ET | April 28, 2015

Denso, the world's second-biggest auto supplier based on revenue, forecast a 7 percent rise in operating profit for the year ahead, citing an anticipated rise in Asian sales.... Read More »

Hyundai to create shareholder-rights group after land deal irks investors

7:23 am U.S. ET | April 27, 2015

Hyundai Motor will establish a committee to represent shareholder interests when the board makes key decisions such as acquisitions, heeding calls from investors angered over a $10 billion land purchase last year.... Read More »

Mazda quarterly profits fall on currency losses while sales rise

6:41 am U.S. ET | April 24, 2015

Profits fell at Mazda in the January-March quarter, undercut by higher outlays for marketing and factory startups and foreign exchange losses, despite rising sales.... Read More »

Mitsubishi posts first annual N.A. profit in seven years

7:47 am U.S. ET | April 24, 2015

Mitsubishi booked double-digit profit increases in the latest quarter to propel the carmaker to record annual earnings and its first North America profit in seven years.... Read More »

Toyota makes noise with Mirai hydrogen fuel cell vehicle

10:18 am U.S. ET | April 24, 2015

For all its silence, Toyota's Mirai hydrogen fuel cell vehicle actually can be pretty noisy. Ironically, that is because the car is propelled by a whispering electric motor that allows the driver to pick up sounds that might otherwise be droned out. And the distinct whirring and intermittent clicking are unique to its hydrogen drivetrain.... Read More »

Suzuki recalls record 2 million cars for smoking ignition switch

7:21 am U.S. ET | April 22, 2015

Suzuki said it would recall 2 million cars, a record for the automaker, including Chevrolet Cruzes it builds for GM, to replace the ignition switch after reports of fumes being emitted from the faulty component.... Read More »

Japan, U.S. seek deals on auto parts, rice to secure trade pact

1:19 am U.S. ET | April 19, 2015

Japanese and U.S. negotiators will seek to resolve the most contentious issues on auto parts and rice to help the two countries reach a trade pact, Japanese Economy Minister Akira Amari said.... Read More »

New markets, production for GM Korea

12:01 am U.S. ET | April 19, 2015

General Motors' massive operation in South Korea lost a big reason for being when bosses in Detroit decided in late 2013 to pull the plug on the Chevrolet brand in Europe.... Read More »

South Korea steps up price-fixing crackdown on auto suppliers

10:40 am U.S. ET | April 17, 2015

South Korea, supporting a global police action against auto-parts price fixing, has hit Japanese and German suppliers with a string of fines in recent weeks. The latest penalties came Tuesday, when Germany's Schaeffler and Japan's JTEKT were fined for rigging bids on tapered roller bearings to Hyundai, Kia and Hyundai Powertech.... Read More »

FROM TVs TO EVs

Japan electronic giants embrace autos after consumer-goods struggles

12:01 am U.S. ET | April 13, 2015

Japan's storied electronics companies are struggling in the cutthroat consumer goods market amid cheaper, and often more innovative, rivals from South Korea and China. As a result, the beleaguered blue chips are trying reinventing themselves as suppliers to one of the few sectors of Japan Inc. still thriving: the auto business.... Read More »

Bold Korean startup makes a statement with Seoul stand

12:01 am U.S. ET | April 13, 2015

South Korea's youngest would-be automaker Cony Motor Co. -- at less than a year old -- just splurged on a front-and-center stand at the country's premier auto show, right next to Bentley no less.... Read More »

Who's Toyota CEO? Isn't it obvious?

12:01 am U.S. ET | April 6, 2015

During a meeting for individual investors in Japan, Toyota showed a video of man-on-the-street footage asking regular Japanese whether they could identify the head of their country's biggest manufacturer. Most couldn't.... Read More »

Hamp, Toyota's first female senior exec, says building trust is top priority

12:15 pm U.S. ET | April 3, 2015

Julie Hamp this week became Toyota's first female senior executive, overseeing global communications from Toyota City. Hamp said today her top priority is building trust at the automaker -- fixing disconnects between how Toyota sees itself and how outsiders view the company.... Read More »

U.S., Japan have 'significant gaps' on auto market access, trade official says

11:25 am U.S. ET | March 31, 2015

Acting Deputy US Trade Representative Wendy Cutler said on Monday that "significant gaps" in the trade negotiations remain between the United States and Japan regarding access for US automobiles in the Japanese market.... Read More »

Honda launches S660 minicar roadster, heir to Beat's looks

10:00 pm U.S. ET | March 29, 2015

Honda is going small and sporty with the release of the S660 mini roadster, a new open-top minicar that will be sold only in Japan, at least for now. The two-seater is powered by a three-cylinder 660cc turbocharged midship engine that matches the S660's diminutive 134-inch length. It musters just 63 hp.... Read More »

Takata sued in Canada over airbag-related vehicle recalls

6:31 am U.S. ET | March 27, 2015

Takata, the Japanese supplier whose airbags have been linked to six fatalities globally, has been sued in Canada in three separate cases, it said in a statement today.... Read More »

Ford aims to triple exports from India with new plant

March 26, 2015 10:09 CET

Ford has invested $1 billion in a new plant in India that will help the automaker triple exports from the country. The factory will build the EcoSport subcompact SUV, which Ford exports to Europe.... Read More »

Why a Japanese supplier is upping its game

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

Aisin Seiki, the world's fifth biggest auto supplier, is doubling the size of its global design division as it expands into new products and targets new customers.... Read More »

Japan far outpaces U.S. in replacing Takata airbag parts

6:49 am U.S. ET | March 20, 2015

As automakers plead with U.S. customers to fix potentially deadly Takata airbags, recalls in Japan are drawing much stronger responses, with more than two-thirds of the total already repaired.... Read More »

Toyota will add engineers in Japan

12:01 am U.S. ET | March 16, 2015

Toyota Motor Corp. plans to add 2,275 employees in Japan in the fiscal year beginning April 1, 30 percent more than it added a year earlier. The biggest increases are coming in engineering and manufacturing operations.... Read More »

Toyota to step up hiring at home in the next fiscal year

10:45 am U.S. ET | March 12, 2015

Profit-rich Toyota is plowing more of its cash into new hires in the coming year, especially in the engineering and technical fields crucial to its expansion. Toyota aims to add 2,275 employees in Japan in the fiscal year beginning April 1, a 30 percent increase over the 1,744 hires added a year earlier.... Read More »

Major Hyundai investor to vote against some directors over property deal, report says

7:19 am U.S. ET | March 11, 2015

The second-largest shareholder in Hyundai Motor and its two affiliates will vote against the reappointment of some board members who last year approved buying a Seoul property for $10 billion or three times its appraised value, a person with direct knowledge of the matter said today.... Read More »

Fiat will export new compacts to EU from Turkey

March 6, 2015 06:01 CET

Fiat Chrysler will begin sales of a Turkey-built hatchback and station wagon in Europe's key compact segment next year, CEO Sergio Marchionne said. The new models will plug a big hole in Fiat's European product lineup. The compact car segment, led by the VW Golf, is Europe's second biggest by sales after subcompacts.... Read More »

Toyota promotes Europe CEO Leroy to new global role

March 4, 2015 09:55 CET

Toyota will add Europe boss Didier Leroy to its board and promote him to global head of business in developed countries in a wider management shuffle. Johan van Zyl, currently CEO of Toyota's Africa region, will become Europe chief.... Read More »

Kobe Steel considers $800 million U.S. aluminum plant for auto suppliers

6:41 am U.S. ET | March 3, 2015

Kobe Steel, supplier of aluminum sheet to half of Japan’s auto industry, is considering building a 100 billion yen ($832 million) plant in the U.S. to expand sales to Japanese carmakers operating in North America.... Read More »

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