Asia

China-Based EV Startup Future Mobility Raises $200 Million

August 16, 2017 at 12:27 AM

Chinese startup Future Mobility Corp., which hopes to begin selling highly automated electric cars in two years, has attracted $200 million in first-round funding from Chinese investors.

“New-Energy” Car Sales Top 1 Million in China

August 15, 2017 at 1:53 AM

Carmakers have sold nearly 1.02 million electric and hybrid vehicles in China to date, according to the country’s Ministry of Public Security.

Ailing Tata Motors Names New CFO

August 14, 2017 at 11:41 AM

India’s Tata Motors Ltd. has named a new chief financial officer one week after reporting sagging quarterly operating results caused by growing investment costs and declining revenue from its Indian operations.

Nissan Readying Leaf-Based Electric Crossover?

August 14, 2017 at 8:18 AM

Nissan Motor Co. has filed a trademark request for the name Terra with the Malaysian patent office.

Report: Chinese Carmakers Circling FCA

August 14, 2017 at 2:16 AM

Several Chinese carmakers are sizing up Fiat Chrysler Automobiles NV as an acquisition target, according to Automotive News.

Chinese Electric-Truck Maker Adds U.S. Partner

August 11, 2017 at 12:12 PM

China’s FDG Electric Vehicles Ltd. has begun delivering electric-powered medium-duty trucks to Los Angeles-based Chanje Energy Inc., which will market them in the U.S. and other regions.  

Car Wholesales in China rise 4%

August 11, 2017 at 11:41 AM

Factory sales of passenger vehicles in China grew 4% in July to 1.68 million units, according to the China Assn. of Automobile Manufacturers.

Korean Carmakers Threaten to Move Production Overseas

August 11, 2017 at 1:13 AM

South Korea’s five carmakers say they may move production offshore if the country’s high court rules they must include bonuses and other extra pay as part of regular wages, The Korean Herald reports.

2018 Acura RLX Gets Styling Makeover, 10-Speed Transmission

August 10, 2017 at 2:22 PM

Honda Motor Co.’s Acura unit is updating its RLX sedan for the 2018 model year to try to jumpstart the performance model’s slumping sales.

Cummins Adding $234 million Diesel Tech Center in India

August 10, 2017 at 12:23 PM

Diesel maker Cummins Inc. is building its second-largest technical center outside the U.S. at a 16-acre site outside Pune, India.

Skoda, Tata Scrap Alliance Talks on Low-Cost Cars

August 10, 2017 at 9:42 AM

Volkswagen AG’s Skoda unit says it has abandoned talks with Tata Motors Ltd. about jointly developing low-price cars for emerging markets because they can’t meet cost goals.

Hyundai’s Workers Begin Partial Strikes

August 10, 2017 at 12:10 AM

Hyundai Motor Co.’s unionized workers began a series of two-hour strikes today as part of their annual quest for higher wages and more job security.