Hyundai net income falls 11th straight quarter as strikes cut productionWed, 26, Oct 2016
Hyundai posted a drop in quarterly profit after labor strikes hurt domestic production and a stronger currency eroded repatriated earnings. Operating profit declined 29 percent to 1.07 trillion won ($943 million) while net income fell for an 11th consecutive quarter to its lowest level in more than four years.
China's LeEco gets logistics lesson at concept's eventMon, 24, Oct 2016
LeEco unveiled an autonomous electric-vehicle concept called the LeSee Pro at a lavish event in San Francisco last week
Map provider Here forms partnership with AlibabaTue, 25, Oct 2016
Here, a major automotive provider of maps for onboard navigation systems owned by BMW, Mercedes and Audi, says it has formed a partnership with China's Alibaba to offer maps, traffic updates and navigation to Alibaba's customers.
Hyundai group execs to take 10 percent pay cutTue, 25, Oct 2016
Hyundai Motor Group said about 1,000 of its executives will take a 10 percent pay cut, the first such move in seven years at South Korea's second-largest conglomerate that shows the harsh impact of market share woes and labor strife at its flagship firm.
Japanese automakers finally getting serious about car hackingSat, 22, Oct 2016
Japan's carmakers are still seen as slow to adapt to the vulnerabilities of connected cars. But with the advent of autonomous driving just over the horizon, Japan Inc. is finally getting serious about cybersecurity.
Is there room for 1 more brand?Mon, 24, Oct 2016
At every international show around the world, the gossip is always about who is going to dive off the board straight into the U.S. market.
Nissan takes control of Mitsubishi with Ghosn as chairmanThu, 20, Oct 2016
Carlos Ghosn officially folded troubled Mitsubishi into the Renault-Nissan alliance and put himself at the helm, with expectations for hundreds of millions of dollars in savings as his group joins an exclusive club of automakers operating at a massive scale.
Ghosn set to add Mitsubishi chairman role, reports sayWed, 19, Oct 2016
Renault-Nissan CEO Carlos Ghosn is set to become chairman of Mitsubishi Motors when Nissan takes a controlling stake in the smaller automaker, reports said. Ghosn, 62, has asked Mitsubishi Chairman Osamu Masuko to remain president, one report said.
China's LeEco stumbles out of gate with U.S. debut of autonomous carWed, 19, Oct 2016
Chinese technology company LeEco on Wednesday made an inauspicious entry into the race to develop self-driving electric cars when its prototype car could not make it down the runway during an introduction in San Francisco. Le Holdings Co. planned to unveil its self-driving car prototype as part of a splashy U.S. launch for an array of technology products and services, including phones, televisions and entertainment production.
Renault-Nissan creates tech division to accelerate mobility pushTue, 18, Oct 2016
Nissan, aiming to parry rivals from Silicon Valley and emerge a leader in next-generation mobility, is forming a 300-person in-house startup division with French partner Renault to focus on software development, cloud engineering and big-data analytics.
End of the line for a road warriorMon, 17, Oct 2016
The Ford Falcon, a nameplate in production longer than even the Ford Mustang, finally ended production Oct. 7 after 56 years. No Falcons were built in the U.S. after 1971, but the car lived on through several more generations in Australia ever since.
Toyota lures another partner into its orbitMon, 17, Oct 2016
Toyota and Suzuki say they will consider partnering. But behind the scenes before last week’s announcement, two scions pondered their changing worlds.