Asia

Lotus plans to build cars in China

April 17, 2015 16:24 CET

Lotus plans to build cars and engines in China in a joint venture, DRB-Hicom, the UK sports car maker's Malaysian parent company, said. The venture will involve an investment of $1.6 billion over 15 years....
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South Korea steps up price-fixing crackdown on auto suppliers

10:40 am U.S. ET | April 17, 2015

South Korea, supporting a global police action against auto-parts price fixing, has hit Japanese and German suppliers with a string of fines in recent weeks. The latest penalties came Tuesday, when Germany's Schaeffler and Japan's JTEKT were fined for rigging bids on tapered roller bearings to Hyundai, Kia and Hyundai Powertech....
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Chinese automakers are taking over the hottest SUV market

12:34 pm U.S. ET | April 16, 2015

After years of losing out to foreign brands, China's automakers are winning in the world's hottest SUV market by employing a tried-and-tested strategy: offering them cheap....
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Chinese conglomerate completes acquisition of Prestolite Electric

1:11 pm U.S. ET | April 16, 2015

Chinese conglomerate Zhongshan Broad-Ocean Motor has completed its acquisition of Michigan-based supplier Prestolite Electric LLC....
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Cadillac CT6 underpinnings could support a big Buick

11:15 am U.S. ET | April 14, 2015

Now that General Motors has christened its large, rear-wheel-drive platform, code-named Omega, with the debut of the Cadillac CT6 sedan, what other cars might go onto that same foundation?...
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Hanergy's solar-car plan draws skepticism

7:16 am U.S. ET | April 14, 2015

Plans by Hanergy Thin Film Power Group to build a car powered only by solar panels remain a mystery two months after being publicized, and analysts are skeptical the company can meet a goal to roll out prototypes this year....
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2015 SHANGHAI AUTO SHOW

Automakers benefit from China's SUV boom

April 13, 2015 08:55 CET

The Shanghai auto show will be the perfect place to gauge the intensity of the SUV battle between the global and Chinese automakers. The SUV market is one of the few segments in which Chinese automakers are successfully challenging foreign rivals....
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Hyundai beats VW as China's top-ranked mass-market auto brand

April 13, 2015 11:27 CET

Hyundai beat Volkswagen and General Motors' Buick to be the top-ranked mass-market auto brand in China in a state-backed survey, even as the South Korean automaker's deliveries there fell in the first quarter....
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Hyundai beats VW, Buick as China’s top-ranked mass-market auto brand

7:10 am U.S. ET | April 13, 2015

Hyundai Motor beat Volkswagen and Buick to be the top-ranked mass-market auto brand in China in a state-backed survey, even as the South Korean automaker’s deliveries there fell in the first quarter....
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FROM TVs TO EVs

Japan electronic giants embrace autos after consumer-goods struggles

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

Japan's storied electronics companies are struggling in the cutthroat consumer goods market amid cheaper, and often more innovative, rivals from South Korea and China. As a result, the beleaguered blue chips are trying reinventing themselves as suppliers to one of the few sectors of Japan Inc. still thriving: the auto business....
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Bold Korean startup makes a statement with Seoul stand

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

South Korea's youngest would-be automaker Cony Motor Co. -- at less than a year old -- just splurged on a front-and-center stand at the country's premier auto show, right next to Bentley no less....
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SHANGHAI AUTO SHOW PREVIEW

Automakers roll out SUVs in battle for fast-growing segment

12:01 am U.S. ET | April 12, 2015

The Shanghai auto show -- which opens April 20 -- will be the perfect place to gauge the intensity of the SUV war between the global giants and Chinese automakers. Honda, Mercedes, Citroen and BMW have announced global premieres of SUVs or crossovers at the show, and other automakers are sure to follow....
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Shanghai will serve up fresh selection of SUVs, crossovers

12:01 am U.S. ET | April 12, 2015

Automakers will feed China's seemingly insatiable appetite for SUVs and crossovers with a fresh batch of concepts and production models for the Shanghai auto show....
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Former FAW-VW exec sentenced to life for accepting $5.3 million in bribes

5:32 am U.S. ET | April 9, 2015

A former top executive at Volkswagen's China joint venture with FAW Group, Shi Tao, was sentenced to life in prison for accepting $5.3 million in bribes. The sentence is the latest development in corruption investigations involving FAW....
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Former FAW-VW exec sentenced to life for accepting $5.3 million in bribes

April 9, 2015 11:32 CET

A former top executive at Volkswagen's China joint venture with FAW Group, Shi Tao, was sentenced to life in prison for accepting $5.3 million in bribes. The sentence is the latest development in corruption investigations involving FAW....
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Ford outsells Hyundai in China with capacity expansion, new cars

12:01 am U.S. ET | April 8, 2015

Ford outsold Hyundai in China for the first time, closing in on its goal to rank among the top three foreign automakers in the world's largest market....
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Asia-Pacific grabs bigger share of 2014 global vehicle output

2:55 pm U.S. ET | April 7, 2015

The Asia-Pacific region was the center of vehicle production again in 2014, accounting for more than half of global output, and is expected to keep grabbing a larger slice. The North American market also improved, with Mexico output jumping 10 percent....
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China gets the lion’s share of vehicle production capacity investments in 2014

7:00 pm U.S. ET | April 7, 2015

China once again captured the bulk of global investments in new or expanded vehicle production capacity last year, winning more than half of the auto industry’s total outlays earmarked to add or expand output....
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BMW, Mercedes probe unauthorized exports from U.S. to China

April 7, 2015 11:29 CET

Mercedes and BMW are probing unauthorized exports of vehicles from the U.S. to China, which have recently surged and threaten profit in the world's largest auto market. So-called gray imports to China have jumped since the country allowed dealers in Shanghai's free trade zone to import cars without the consent of foreign carmakers....
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Who's Toyota CEO? Isn't it obvious?

12:01 am U.S. ET | April 6, 2015

During a meeting for individual investors in Japan, Toyota showed a video of man-on-the-street footage asking regular Japanese whether they could identify the head of their country's biggest manufacturer. Most couldn't....
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HANS GREIMEL

BLOG: Meet South Korea's newest automaker

11:10 am U.S. ET | April 3, 2015

Cony Motor doesn't have a factory or a single customer. Its vehicles aren't even street-legal yet. But South Korea's youngest would-be automaker just splurged on a stand at the country's premier auto show, right next to Bentley....
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Hamp, Toyota's first female senior exec, says building trust is top priority

12:15 pm U.S. ET | April 3, 2015

Julie Hamp this week became Toyota's first female senior executive, overseeing global communications from Toyota City. Hamp said today her top priority is building trust at the automaker -- fixing disconnects between how Toyota sees itself and how outsiders view the company....
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Toyota to end expansion freeze, invest $1.3B in new Mexico, China plants, reports say

7:34 am U.S. ET | April 3, 2015

Toyota plans to spend about $1.3 billion to build two new car plants in Mexico and China, two people familiar with plans told Reuters, ending a three-year freeze imposed after unchecked growth lumbered the world's biggest auto maker with too many idle production lines....
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Daimler predicts profit rise on boost from China

April 1, 2015 10:49 CET

Daimler predicted higher profit this year, lifted by stronger demand in China, where first-time buyers often opt for an upscale car. The company targets a 9 percent return on sales after generating a margin of 7.8 percent in 2014....
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U.S., Japan have 'significant gaps' on auto market access, trade official says

11:25 am U.S. ET | March 31, 2015

Acting Deputy US Trade Representative Wendy Cutler said on Monday that "significant gaps" in the trade negotiations remain between the United States and Japan regarding access for US automobiles in the Japanese market....
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