Asia

Germany's Getrag getting interest from Magna, Dana, China, report says

3:36 pm U.S. ET | June 30, 2015

Getrag, one of the biggest independent makers of transmissions, has attracted interest from automotive suppliers including Canada’s Magna International Inc., people with knowledge of the matter told Bloomberg....
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Suzuki patriarch appoints son as president and likely successor

5:50 am U.S. ET | June 30, 2015

Osamu Suzuki, the outspoken patriarch of Suzuki Motor, positioned his son Toshihiro as his successor, appointing him president and COO of the family's namesake carmaker. Osamu Suzuki will keep his positions as chairman and CEO....
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Toyota's new shares are popular in Japan

10:17 am U.S. ET | June 30, 2015

Japanese retail investors are flooding stock brokers with orders for a new class of Toyota shares, indicating the carmaker can fetch a good price for the issue and secure a new group of long-term investors....
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Citroen CEO confirms next C5 for China; Europe future unclear

June 30, 2015 06:01 CET

Citroen will replace its C5 midsize model, CEO Linda Jackson told Automotive News Europe, but she would only confirm that the next-generation car would be sold in China. Jackson said there is a “question mark” over whether Citroen would sell the replacement in Europe....
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Spanish supplier Ficosa opens third China plant

June 30, 2015 11:32 CET

Spanish supplier Ficosa has opened its third Chinese plant in the city of Shenyang to supply automakers in the north of the country, including BMW....
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After 'chicken tax,' a flood of foreign trucks?

12:01 am U.S. ET | June 29, 2015

Two free-trade deals the U.S. is trying to negotiate would roll back the so-called chicken tax. Critics of the tax say it has priced imported trucks out of the market, shielding the Detroit 3's biggest profit machine from robust foreign competition. The tariff also has had other effects, experts say, such as stifling pickup innovation and motivating Japanese automakers to build U.S. factories....
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How U.S. chickens led to Japanese truck plants

12:01 am U.S. ET | June 29, 2015

The so-called chicken tax has played a significant role in shaping the U.S. auto market....
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VW to launch low-cost car family for China, possibly elsewhere, in 2018

9:16 am U.S. ET | June 28, 2015

Volkswagen plans to launch a family of low cost budget cars in China and possibly elsewhere starting in 2018, CEO Martin Winterkorn said in a newspaper interview published Sunday....
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Porsche mulls legal action over Macan copy in China, report says

June 26, 2015 06:01 CET

Porsche may take legal action against Zotye Automobile over the Chinese automaker's T700 SUV that closely resembles the Macan, a report said. The T700 is due to launch next year at a price much lower than the Macan's....
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McLaren boosts profit threefold on China sales

June 26, 2015 11:51 CET

McLaren said its 2014 pretax profit rose threefold, helped by rising sales in China. McLaren sold 1,649 cars in 2014, but expects to increase annual production to 4,000 by 2017 as it adds new entry-level models to its lineup....
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Continental begins construction of brake factory in China

June 26, 2015 06:15 CET

Continental began construction of a factory in Chongqing in southwest China to supply brakes to automakers operating in the area....
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Rolls-Royce's China sales drop on luxury crackdown

June 25, 2015 10:39 CET

Rolls-Royce sales are being hit by a "cool wind blowing in China," said the executive in charge of the ultraluxury brand, as the nation's wealthy pull back from ostentatious purchases amid a government crackdown on conspicuous consumption....
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Toyota President Toyoda earns $10.3 million, surpassing Nissan's Ghosn

June 24, 2015 11:14 CET

Toyota President Akio Toyoda became the highest-paid auto executive in Japan last year after dividend payouts pushed his total compensation to $10.3 million, passing Nissan CEO Carlos Ghosn....
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Toyota HQ raided by police over executive's arrest, report says

10:28 am U.S. ET | June 23, 2015

Toyota's headquarters was raided by police over the arrest of the company's new communications chief, Julie Hamp, for the alleged illegal import of painkillers, a Japanese newspaper reported today....
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VW plans subcompact sedan for India to help build market share

June 23, 2015 15:20 CET

Volkswagen is betting that the launch of a subcompact sedan in India will help it build on its small market share in the market. The new car comes with equipment usually reserved for high-end models, such as dual airbags and automatic gear shift....
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Ghosn's Nissan pay tops $8 million

June 23, 2015 10:48 CET

Nissan CEO Carlos Ghosn received a total of 1.03 billion yen ($8.3 million) in salary and bonuses for the year ended March 31, an increase of 4 percent from a year earlier, and the first time his pay has reached this figure....
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Bumps in Toyota's road to diversity

12:01 am U.S. ET | June 22, 2015

Stumbles with two high-profile foreign executives at Toyota cast a pall over what had been a bold move forward in the internationalization of the world's biggest automaker....
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Mercedes's $230,000 Maybach S class defies China's cooling luxury market

June 21, 2015 06:01 CET

Mercedes-Benz is selling almost as many Maybach cars in China each month as it used to sell worldwide in a year when it targeted the super-rich with a stand-alone model....
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Toyoda defends 'close friend' Hamp after arrest

6:40 am U.S. ET | June 19, 2015

Toyota CEO Akio Toyoda defended his "close friend" and global communications chief Julie Hamp a day after her arrest for allegedly importing narcotic painkillers and promised the investigation will show that the company's first upper-level female executive had no intention of breaking Japanese law....
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Subaru adds Impreza Sport Hybrid, its second hybrid, for Japan

11:00 am U.S. ET | June 19, 2015

Subaru is adding a second hybrid vehicle to its lineup, a gasoline-electric version of the Impreza hatchback it hopes will tap booming demand for the fuel-efficient technology in Japan....
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YANG JIAN

BLOG: VW pays the price for failing to respond to evolving customer needs in China

5:00 am U.S. ET | June 19, 2015

After outperforming the market for almost a decade, Volkswagen, the top-selling brand in China, has begun to lose market share as the economy slides and the automaker becomes less responsive to evolving consumer needs....
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Toyota appeals $327 million tax bill in Thailand

7:00 am U.S. ET | June 19, 2015

Toyota said its Thailand subsidiary is appealing a Thai government order to pay additional taxes that the Nikkei business daily said would total more than 11 billion baht ($327 million)....
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Toyota 'confident' arrested exec Hamp didn't intend to break Japan drug laws

6:52 am U.S. ET | June 18, 2015

Toyota expressed confidence in communications chief Julie Hamp, its first female senior executive, after she was arrested Thursday on suspicion of a Japanese drug offense involving a prescribed medication, saying she did not intend to break any laws....
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Geely will unveil compact car developed with Volvo at Geneva show

June 16, 2015 12:15 CET

Geely Automobile will unveil the first compact car jointly developed with Volvo at the Geneva auto show in March. The two automakers, both units of China's Zhejiang Geely Holding Group, plan to develop a series of models using a shared architecture....
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Beijing angered by U.S. duties on Chinese tires

7:26 am U.S. ET | June 15, 2015

China's Commerce Ministry today blasted the U.S. for imposing duties on certain automobile and light truck tires imported from China, calling the move "unreasonable" and damaging to world trade....
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