Asia

Faurecia explores sale of bumpers unit, report says

July 21, 2015 10:26 CET

Faurecia is exploring a sale of its bumpers business, sources said, as the supplier seeks to free up resources to fund expansion in China. The unit may fetch as much as $450 million, the sources said...
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Livery fleets, China sales XTend life of Cadillac XTS

12:01 am U.S. ET | July 20, 2015

XTS production is scheduled to last until at least 2018 and possibly 2019 before being phased out, according to three people familiar with General Motors' plans....
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Audi will give aid to China dealers, report says

July 20, 2015 11:19 CET

Audi will provide 1.2 billion yuan ($193 million) in financial aid to its dealers in China, according to sources, as demand for luxury vehicles slows in its largest market. Audi's China sales slipped 5.8 percent last month....
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BMW will unveil redesigned, upgraded models in China as sales slow

July 17, 2015 12:56 CET

BMW will unveil a new 7-series sedan, an upgraded version of the 3 series and cheaper versions of the X5 and X6 SUVs in China this year. The company is aiming to shore up weak sales and raise its competitiveness against German rival Mercedes in the market....
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VW, GM shudder as China profit engine sputters

5:47 pm U.S. ET | July 16, 2015

Shock waves from a drop in Chinese car demand are reverberating in Wolfsburg and Detroit, where Volkswagen and GM are feeling the effects of a slowdown in a market that has been their big profit engine. Barclays downgraded GM shares on Thursday, saying it was likely to face the sharpest of the China headwinds among automakers and auto parts makers....
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China's Yanfeng plans $55 million Tennessee factory to supply VW

12:32 pm U.S. ET | July 16, 2015

Yanfeng Automotive Interiors, a Chinese supplier, will build a $55 million factory in Chattanooga to supply components to Volkswagen AG's nearby assembly plant....
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Tesla to sell Model X in China in first half of 2016

10:23 am U.S. ET | July 16, 2015

Tesla Motors expects to start selling its Model X SUV in China in the first half of next year after first introducing it in the U.S. this quarter....
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Audi reviews China 2015 sales target

July 16, 2015 10:57 CET

Audi is reviewing its 2015 target of selling 600,000 cars in China, the latest sign that a downturn in demand for passenger cars in the world's biggest car market is more severe than automakers expected....
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Swedish supplier SKF sees demand falling as carmakers cut orders on China

July 16, 2015 11:35 CET

Swedish supplier SKF predicts demand at its automotive unit will drop in the current quarter as clients see weakening orders from China....
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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....
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Jaguar Land Rover lowers China sales target

July 14, 2015 13:02 CET

Jaguar Land Rover cut its sales targets and prices in China amid slowing demand in the world's largest auto market. The UK automaker gets about a quarter of its sales from China....
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German premium brands hit by China stock market turmoil, slowing economy

July 13, 2015 15:15 CET

Prices for German luxury cars in China are tumbling as the country's stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers....
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Brilliance China issues profit warning as slowing economy hits BMW sales

July 13, 2015 15:47 CET

Brilliance China Automotive Holdings, which makes BMW cars in China, issued a profit warning, citing slowing sales in the world's biggest car market....
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Hyundai expects 'tepid' global sales growth amid uncertainties

6:32 am U.S. ET | July 13, 2015

Hyundai Motor Group expects “tepid growth” for global auto sales in the second half of this year because of economic uncertainties and a weak won....
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Honda to make English official work language by 2020

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

Honda said English will be the official language for all inter-regional communications at the Tokyo automaker by 2020....
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JAMES B. TREECE

BLOG: Lessons for Americans from Hamp's case

12:00 pm U.S. ET | July 10, 2015

A foreign national caught violating laws that are often flouted back home is not new....
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China auto market growth forecast slashed to 3%

July 10, 2015 09:42 CET

China's vehicle sales will grow only 3 percent year-on-year in 2015, an industry association said today, in a major downward revision of its previous prediction of 7% growth for the year....
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VW said to offer $161 million to struggling China dealers

July 10, 2015 09:35 CET

VW Group is offering financial assistance totaling 1 billion yuan ($161 million) to support some of its dealers in China as demand slows in its largest market, according to people with knowledge of the matter....
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VW's Seat mulls China sales with new SUV

July 10, 2015 06:01 CET

VW's Seat brand could sell its forthcoming compact SUV in China in one of the few segments still posting growth in the world's largest auto market. Seat had planned to launch sales in China in 2012 but postponed the move to concentrate on fixing its money-losing European operations....
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Nissan says Japan plant will make hot-selling Rogue for U.S.

2:06 pm U.S. ET | July 9, 2015

Nissan said that next year its plant in Kyushu, Japan, will begin building up to 100,000 Rogues annually for the U.S. market....
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PHILIP NUSSEL

BLOG: What do Julie Hamp and price fixing have in common?

2:20 pm U.S. ET | July 9, 2015

If the Japanese want to enforce their drug laws, they are perfectly entitled to do so. But they had better be prepared for other countries to enforce their own laws, too....
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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....
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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....
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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....
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China auto sales fall for first time in more than 2 years

6:45 am U.S. ET | July 8, 2015

China's vehicle sales fell for the first time in more than two years as the nation's economic growth slowed and a stock-market rout dented buying sentiment....
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