Asia

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....
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China launches criminal case against former exec at FAW, VW's China partner

Sept. 3, 2014 11:37 CET
Chinese prosecutors have launched a criminal bribery investigation into a former senior executive at FAW Group Corp., one of Volkswagen's joint-venture partners in China. An Dewu is suspected of accepting bribes, China's procurator said....
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Europe business chamber says China won't force foreign suppliers to form JVs

Sept. 2, 2014 12:19 CET
Recent media reports that China will force foreign automotive suppliers to form joint ventures with local companies are unfounded, the European Union Chamber of Commerce in China said....
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China targeting auto industry, other foreign companies unfairly, U.S. group says

6:30 am U.S. ET | Sept. 2, 2014
China is targeting foreign companies -- including automakers and suppliers -- with opaque laws and rules, according to a group representing U.S. businesses there, contributing to a deteriorating environment for investment in the nation....
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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....
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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....
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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....
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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....
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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....
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First from China? Volvo S60L gets the nod

12:01 am U.S. ET | Sept. 1, 2014
That tsunami of cheap cars from China predicted to hit U.S. shores has been slow in coming. But the first mainstream China-built vehicle is on the way -- in the form of a long-wheelbase version of Volvo's S60 sedan that will arrive in showrooms in 2015....
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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....
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China watchdog probes another exec at FAW Group, VW's China partner

Aug. 30, 2014 09:58 CET
China's anti-graft watchdog says it is investigating a former senior executive at FAW Group Corp. for corruption. State-owned FAW has a joint venture with Volkswagen....
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Tesla shares jump to record after China charging network deal

6:45 am U.S. ET | Aug. 29, 2014
Tesla Motors shares rose to a new record after the electric-car maker led by Elon Musk reached an agreement to create a vehicle-charging network in China with the country's second-largest mobile-phone company....
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Hong Kong firm acquires majority stake in supplier Key Safety Systems

12:46 pm U.S. ET | Aug. 29, 2014
Hong Kong private equity firm FountainVest Partners completed a deal to become the majority shareholder in automotive safety products supplier Key Safety Systems. The deal could be worth as much as $800 million, a Bloomberg report out of China said in April....
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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....
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Global price-fixing crackdown threatens supply chain's 'business model'

3:58 pm U.S. ET | Aug. 28, 2014
As antitrust regulators, most recently in China, go after auto suppliers in what has become a worldwide probe into price fixing, a longtime "business model" in the supply chain is now in danger, says an automotive purchasing executive. That model essentially sees parts makers collude to keep prices relatively high for new components they supply to car manufacturers, and then charge even more for the same parts supplied as replacements to dealerships and repair shops....
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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....
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HANS GREIMEL

See the wild Lexus NX spot too retro for outside Japan

10:35 am U.S. ET | Aug. 27, 2014
Drifting cars, techno music, string bikinis and foam parties. At first glance, Lexus' new “Shampoo” TV spot seems tailor-made for the trendy young crowd the luxury brand craves. But the brilliant, visually enticing commercial for the new NX compact crossover won't air stateside....
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China said to mull $16 billion funding for EV chargers

Aug. 27, 2014 12:08 CET
China may provide as much as $16 billion for electric-vehicle charging facilities. Increased state funding would be a tailwind for carmakers coping with consumer concerns over the price, reliability and convenience of electric vehicles....
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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....
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China's corruption watchdog investigates execs at Volkswagen JV

Aug. 26, 2014 12:51 CET
China's corruption watchdog says it is investigating one former and one current executive at VW Group's Chinese venture, FAW-Volkswagen Automotive, for "seriously violating the law."...
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German suppliers asked to form JVs in China, report says

Aug. 25, 2014 10:39 CET
China has told three German suppliers they can no longer manage their Chinese units independently but need to form partnerships with local peers, the CEO of partsmaker ElringKlinger told a German newspaper....
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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....
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KEITH CRAIN

China's government flexes its muscles

12:01 am U.S. ET | Aug. 25, 2014
Nearly every automaker is at risk these days of doing something wrong in the eyes of China's government....
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Toyota to cut prices of Lexus parts in China amid antitrust concerns

7:09 am U.S. ET | Aug. 21, 2014
Toyota said today it would cut prices of parts for its luxury Lexus models in China, following similar moves by its German rivals, in response to heightened regulatory scrutiny over antitrust issues....
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Defying Dad, by building on his legacy

At Courtesy Auto Group in Illinois, second-generation dealers Ray and Rik Fregia have seen a 30 percent boost in sales this year, thanks largely to million-dollar overhauls at their three stores. Mon., September 15
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