Asia

Buick to Add EV and Plug-In Hybrids in China

March 23, 2017 at 12:07 PM

General Motors Co. says its Buick brand will offer several new powertrain technologies on new and refreshed models in China this year, and it plans to launch unspecified all-electric and plug-in hybrid vehicles there by the end of the decade.

Geely Drops Proton Bid

March 23, 2017 at 9:34 AM

Zhejiang Geely Holding Group Co. has withdrawn its bid to purchase Malaysia’s struggling Proton Holdings Bhd, Geely President An Conghui tells South China Morning Post.

Geely Doubles Profits on SUV Sales

March 22, 2017 at 10:22 AM

Geely Automobile Holdings Ltd. says its net profit last year more than doubled to 5.1 billion yuan ($741 million) as strong demand for the company’s SUVs produced a 78% surge in revenue.

Schaeffler Opens New Mobility Lab in Singapore

March 21, 2017 at 10:57 AM

Schaeffler AG is partnering with Singapore’s Nanyang Technological University (NTU) on a joint research lab for new mobility products and services in the city-state.

Panasonic to Buy Majority Stake in Ficosa

March 21, 2017 at 8:43 AM

Japan's Panasonic Corp. says it will acquire an additional 20% stake in Barcelona-based Ficosa International SA to increase its share in the Spanish parts maker to 69%.