Asia
Dana buys majority stake in Canada's TM4 to expand EV reach
June 22Dana is buying a majority stake in Canada's TM4 for $127 million, allowing the automotive supplier to produce more components for electric vehicles, and to increase its reach in China.
Joyson Safety Systems names Guido Durrer as CEO
June 22Joyson Safety Systems, the Chinese-owned supplier that acquired the former Takata safety products business, said it appointed Guido Durrer as CEO.
Daimler cuts 2018 profit outlook as tariffs strike U.S.-made SUVs
June 20Daimler said profit would fall in 2018 as new import tariffs on light vehicles exported from the United States to China would hurt sales of high-margin Mercedes-Benz SUVs.
China to act 'forcefully' on Trump's $200 billion tariff threat
June 19Trade tensions between the world's two biggest economies intensified, with China vowing to retaliate "forcefully" against President Donald Trump's threatened tariffs on another $200 billion in Chinese imports.
Magna forms JVs to make electric cars in China
June 18Canadian auto parts supplier Magna said it would set up two joint ventures with Beijing Electric Vehicle to build cars in China.
Automakers burned as U.S.-China spat flares
June 18Fears of a full-blown global trade war moved closer to reality last week as the United States delivered on a threat to impose a 25 percent tariff on $50 billion worth of Chinese imports,
A Buick crossover may cost an extra $8,000 after tariffs
June 15Some Buick buyers may be in for some sticker shock after President Donald Trump's tariffs on $50 billion in Chinese imports.
U.S. tariffs target Chinese industrial products, including autos, parts; China retaliates
June 15President Trump pushed ahead with hefty tariffs on $50 billion of Chinese imports, including cars and auto parts, and a smoldering trade war between the world's largest economies ignited as Beijing replied with tariffs on 659 American imports, including light vehicles.
Trump sets $50 billion in China tariffs with Beijing ready to strike back
June 15President Trump announced hefty tariffs on $50 billion of Chinese imports as Beijing threatened to respond in kind, in a move that looks set to ignite a trade war between the world's two largest economies.
BMW global sales fall 2% in May on China tariffs, German diesel bans
June 12BMW Group said its global vehicle sales fell 2 percent in May, weighed down by China tariffs and a steep drop in German registrations as cities such as Hamburg started banning older diesel vehicles from key streets.
Trade tussles may derail GAC's U.S. launch
June 11GAC Motor, angling to become the first homegrown Chinese automaker to export light vehicles to the United States, is re-evaluating those plans after President Donald Trump's threat to level tariffs on imported vehicles.
CHINA IN CHARGE
June 11China has been the world's biggest auto market since 2009, when it eclipsed the United States. But only recently has it reached a long-anticipated, and in many quarters, long-feared, tipping point.
