Asia

Fisker wins approval to sell assets to China's Wanxiang

Feb. 19, 2014 06:01 CET
Fisker Automotive Holdings has won court approval to sell its assets to China's Wanxiang Group for an offer valued at $149.2 million, almost six times what the U.S. hybrid carmaker sought when it filed for bankruptcy.... Read More »

 

Toyota says union demand for pay hike is surprisingly high

6:31 am U.S. ET | Feb. 19, 2014
Toyota, Japan's largest manufacturer and employer, said the wage increases labor unions have demanded going into annual negotiations this year were "surprisingly high."... Read More »

 

Most Japanese auto production resumes after heavy snow

7:25 am U.S. ET | Feb. 18, 2014
Most Japanese automakers have resumed operations at their plants that were suspended after heavy snow disrupted parts deliveries, companies said on today, limiting impact on their domestic production volume.... Read More »

 

Mitsubishi aims to beat profitability forecast by ending N.A., Japan losses

6:40 am U.S. ET | Feb. 18, 2014
Mitsubishi Motors Corp., the maker of i-MiEV electric cars, is seeking to exceed its profitability target by ending losses in Japan and North America, President Osamu Masuko said.... Read More »

 

Magna forms Chinese joint venture to produce front-end modules

Feb. 18, 2014 12:47 CET
Magna has created a joint venture with Chongqing Guangneng Rongneng Trim to produce front-end modules for automakers in China.... Read More »

 

Most Japan automakers resume plant operations after snow; Mazda, Nissan still affected

Feb. 18, 2014 12:21 CET
Most Japanese carmakers have resumed operations at their domestic plants after heavy snow disrupted parts deliveries.... Read More »

 

Japan automakers idle domestic output as snow slows parts shipments

8:54 am U.S. ET | Feb. 17, 2014
Japanese automakers including Toyota and Honda suspended operations at some domestic plants in central and eastern Japan after heavy snow disrupted their supply chains and prevented workers from commuting.... Read More »

 

PSA Chairman urged to scrap Dongfeng deal

Feb. 17, 2014 09:20 CET
An industry analyst has penned an open letter to PSA/Peugeot-Citroen urging the automaker to scrap its planned capital tie-up with China's Dongfeng Motor and raise capital in other ways.... Read More »

 

China chides Aston Martin: Don't blame us

12:01 am U.S. ET | Feb. 17, 2014
China's state media has slammed Aston Martin after a global recall of 17,000 cars involving Chinese parts.... Read More »

 

N.A. spiffs hurt Nissan profits

12:01 am U.S. ET | Feb. 17, 2014
Hefty incentives and plunging profits in North America offset foreign exchange gains at Nissan Motor Corp. to temper net income growth in the October-December quarter. As Japan's other carmakers rode the weak yen to bumper profits, overall net income at Nissan rose a comparatively meager 57 percent to ¥84.30 billion, or about $801.2 million, in the company's fiscal third quarter.... Read More »

 

HANS GREIMEL

Why Australia's auto industry is going the way of the dodo

12:01 am U.S. ET | Feb. 15, 2014
Toyota will end Australia's run as an automaking nation when it pulls the plug on local assembly in 2017. The move follows similar cut-and-run announcements by Ford and General Motors and triggered an outcry Down Under about the demise of local manufacturing.... Read More »

 

China's Wanxiang wins bidding for Fisker

6:34 pm U.S. ET | Feb. 14, 2014
China’s Wanxiang Group won an auction for Fisker Automotive with a $149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy. Wanxiang topped Hybrid Tech Holdings during the auction, which began on Wednesday and went through 19 rounds of bidding.... Read More »

 

Aston Martin slammed by China state media over handling of recall

Feb. 14, 2014 11:10 CET
Aston Martin has been slammed by China's state media over a recall of its luxury cars involving Chinese parts, saying the company is using stereotypes to mask its own shortcomings.... Read More »

 

PSA recalls 9,285 cars in China on brake issue

Feb. 14, 2014 10:48 CET
PSA's China joint venture with Dongfeng Motor will recall 9,285 cars due to contaminated brake fluid, China's quality watchdog said.... Read More »

 

China brands face death 'in the cradle' if foreign limits are lifted, group warns

Feb. 14, 2014 06:01 CET
Chinese brands will be "killed in the cradle" if the government allows foreign automakers to become more independent from their domestic partners in the world's biggest car market, the country's main auto group warned.... Read More »

 

Ford: Crossovers driving global growth

4:21 pm U.S. ET | Feb. 13, 2014
Though the F-150 full-sized pickup drives Ford Motor Co.’s North American sales, compact and subcompact crossovers such as the Escape/Kuga and EcoSport increasingly generate the company’s global growth, Ford marketing boss Jim Farley told journalists today.... Read More »

 

China brands face death 'in the cradle' if foreign limits are lifted, group warns

11:34 am U.S. ET | Feb. 13, 2014
Chinese brands will be "killed in the cradle" if the government allows foreign automakers to become more independent from their domestic partners in the world's biggest car market, the country's main auto group warned.... Read More »

 

Japanese auto workers seek pay raises amid soaring profits

8:14 am U.S. ET | Feb. 12, 2014
Labor unions at all of Japan's automakers are seeking an increase in base salaries and bonuses, as companies including Toyota and Honda forecast record profits this fiscal year.... Read More »

 

Ford January sales in China rise 53%

6:47 am U.S. ET | Feb. 12, 2014
Ford Motor Co. and its Chinese joint ventures sold 94,466 vehicles in China in January, an increase of 53 percent from a year earlier, the automaker said today.... Read More »

 

Aston Martin recall highlights risk of China parts supply

Feb. 11, 2014 18:16 CET
Aston Martin's sweeping recall of its high-end sports cars raises larger questions about the risk to global automakers of sourcing key parts thousands of miles away in China without implementing adequate quality control measures.... Read More »

 

Aston Martin recall highlights risk of China parts supply

12:16 pm U.S. ET | Feb. 11, 2014
Aston Martin's sweeping recall of its high-end sports cars last week raises larger questions about the risk to global automakers of sourcing key parts thousands of miles away in China without implementing adequate quality control measures.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Ford tweaks India-built EcoSport for Europe

Feb. 11, 2014 08:05 CET
Ford has tweaked the EcoSport subcompact SUV for European markets as it hopes the model will help it return its operations in the recession-hit region to profit by 2015.... Read More »

 

GM sells record 348,000 units in China in January

6:36 am U.S. ET | Feb. 11, 2014
General Motors, which lost its title as China's largest foreign automaker last year, said deliveries rose 12 percent in its biggest market on demand for Buick and Wuling vehicles.... Read More »

 

DAVID SEDGWICK

Aston Martin learns the scary meaning of 'China price'

12:01 am U.S. ET | Feb. 10, 2014
For any automaker or supplier doing business in China, Aston Martin's decision to recall 17,590 sports cars built since 2007 has got to be a nightmare.... Read More »

 

Dongfeng confirms talks with PSA but says no deal reached

Feb. 10, 2014 10:47 CET
Dongfeng confirmed that it had held talks with PSA about a potential investment in the French carmaker, but said no agreement had yet been reached between the two groups.... Read More »

 


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