Asia

China's Qoros will add compact SUV to growing lineup

Nov. 16, 2014 06:01 CET
Qoros will unveil a compact SUV at the Guangzhou auto show. The Qoros 3 City SUV will give the Chinese brand a model aimed at Europe's fourth-largest segment as it prepares for a regionwide rollout in 2016....
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VW boosts dual-clutch output in China

Nov. 15, 2014 06:01 CET
VW has boosted production of its dual-clutch transmission at a second plant in China. The plant, in the northern city of Tianjin, will build up to 450,000 units of VW's so-called DSG gearbox annually, with output rising to 1.2 million units by 2016, VW said....
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Subaru to hit North America sales target ahead of plan

4:49 am U.S. ET | Nov. 13, 2014
The parent of Subaru said it will reach its mid-term sales target in North America at least three years ahead of plan, helped by demand for the Forester crossover and Legacy sedan....
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Car2Go poised to top 1-million users

Nov. 13, 2014 10:19 CET
Daimler's Car2Go car-sharing unit will have more than 1 million registered users by the end of the year, a company executive said, up from 900,000 now. The company aims to double penetration to 50 cities by 2016 with an emphasis on China....
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Faurecia aims to nearly double sales in China by 2018

Nov. 12, 2014 11:07 CET
Faurecia is targeting sales of more than 4 billion euros ($4.97 billion) in China by 2018, up from the 2.3 billion euro estimated for this year. The supplier says it will invest 400 million euros in the country over the next five years....
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Takata's chairman a no-show as airbag crisis endangers dynasty

11:06 am U.S. ET | Nov. 11, 2014
Takata Chairman Shigehisa Takada’s failure to come forward and address an airbag crisis ensnaring the world’s biggest automakers risks shaking investor confidence in the 81-year-old manufacturer’s prospects....
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VW's talks to raise stake in its Chinese joint venture stall

Nov. 11, 2014 16:16 CET
Volkswagen's bid to increase its stake in a lucrative joint venture with Chinese partner FAW has stalled just as the German automaker is stepping up expansion in its biggest market, company sources said....
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Hyundai Motor, Kia to spend $616 million to buy back shares

7:14 am U.S. ET | Nov. 11, 2014
Hyundai Motor and Kia Motors will buy back a combined 670 billion won ($616 million) of stock after their purchase of a Seoul property for three times the assessed price spurred a sell-off....
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Chinese car import deal draws U.S. litigation

2:39 pm U.S. ET | Nov. 10, 2014
Julie Brown, the embattled former CEO of Plastech Engineered Products, is back in court six years after her company was liquidated under bankruptcy. Brown's new venture, Plastech Holding, is taking action against a company it says interfered with its relationship with a Chinese carmaker....
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Volvo begins XC60 production in China

Nov. 10, 2014 11:03 CET
Volvo has begun local production of the XC60 SUV at its plant in Chengdu, China. The carmaker recently announced plans to begin car exports from China to the U.S. starting next year....
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Want to test drive the Lexus RC? Anyone?

12:01 am U.S. ET | Nov. 10, 2014
Well, this is embarrassing. For Toyota, as well as Japan's so-called automotive press corps. Toyota notified journalists this month that a long-scheduled new-car test-drive event was scrubbed -- for lack of interest....
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Stop the Datsun Go, safety group requests

12:01 am U.S. ET | Nov. 10, 2014
Nissan's budget-priced Datsun Go hatchback has sold poorly since it debuted with much fanfare in India last March, and a devastating new assessment of the car's crash safety surely won't help....
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Lincoln opens its first 3 dealerships in China

12:01 am U.S. ET | Nov. 10, 2014
After three years of studying China's consumers and luxury buyers, Lincoln last week opened its first three dealerships in the country and rolled out a new customer service initiative....
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Global suppliers see growth with Chinese brands

12:01 am U.S. ET | Nov. 10, 2014
International suppliers predict their next sales boom in China will come as the country's struggling domestic brands race to add advanced technologies and shore up sliding market share....
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MASAMICHI KOGAI, CEO, MAZDA MOTOR CORP.

Mazda chief: Profit trumps volume, market share

12:01 am U.S. ET | Nov. 10, 2014
In June, Masamichi Kogai marked his first anniversary as Mazda Motor Corp. CEO by reaching the company's 2016 operating-profit target two years ahead of schedule. But tougher competition is forcing him to scale back earlier, bullish sales goals. Kogai spoke with Asia Editor Hans Greimel....
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Lincoln opens in China with 3 stores

4:03 pm U.S. ET | Nov. 6, 2014
Lincoln opened the doors to its first three stores in China today, launching what it is billing as a new customer service initiative -- “The Lincoln Way.”...
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HANS GREIMEL

Lexus RC media test drive canceled in Japan -- for lack of interest

12:08 pm U.S. ET | Nov. 6, 2014
Well, this is embarrassing. For Toyota as well as Japan's so-called automotive press corps. Toyota notified journalists last week that a long-scheduled new-car test-drive event was scrubbed -- for lack of interest....
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Fiat's Turkish JV will invest $1 billion to build Bravo successor

Nov. 6, 2014 11:22 CET
Fiat's Turkish joint venture, Tofas, will invest $1 billion to produce a family of compact cars to replace the Bravo in Europe. The family will include a hatchback, sedan and station wagon....
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Daimler opens China r&d center to help Mercedes close gap with Audi, BMW

Nov. 3, 2014 14:55 CET
Daimler has opened an r&d center in Beijing tasked with further tuning its Mercedes brand to wealthy Chinese tastes and closing the sales gap with Audi and BMW....
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Hyundai investor calls land deal ‘an embarrassment’

7:28 am U.S. ET | Nov. 3, 2014
Skagen Funds, the biggest holder of Hyundai Motor Co. preferred shares, is pushing the automaker to improve corporate governance after a real estate purchase for three times the property’s assessed value sparked a rout in the stock....
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YANG JIAN

China's fuel economy goal will punish foreign imports

12:01 am U.S. ET | Nov. 3, 2014
Foreign automakers -- especially producers of big, gas-guzzling sedans -- soon will have difficulty sustaining growth as Beijing gets serious about its fuel economy targets....
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Cooper-Standard profits rise on higher sales, M&A moves

12:40 pm U.S. ET | Oct. 31, 2014
Cooper-Standard Holdings reported higher earnings in the third quarter from increased North American and Asian sales as well as merger and acquisition activity....
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Kia Motors says president resigned over prolonged wage disputes

7:11 am U.S. ET | Oct. 31, 2014
Kia Motors said its president, Lee Sam-ung, has resigned to take responsibility for "enormous" production losses caused by recent strikes by its South Korean union during wage talks....
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Mazda, Fuji Heavy post big quarterly profit gains on weak yen

6:49 am U.S. ET | Oct. 31, 2014
Mazda Motor and Subaru's parent company Fuji Heavy Industries today posted rosy second-quarter profit growth as a weak yen made their exports more lucrative....
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China's auto market growth may halve to 7% this year

Oct. 31, 2014 06:15 CET
Growth in China's auto market is forecast to halve to 7 percent this year, an industry body said, citing a slowing economy which weakened further in the third quarter....
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