Asia

Toyota Revs Up Camry Power, Efficiency

June 22, 2017 at 4:04 PM

Toyota Motor Corp.’s redesigned 2018 Camry midsize sedan will be more powerful and more fuel efficient than the outgoing model—and about $1,000 more expensive.

Takata Bankruptcy Filing Due on Monday

June 22, 2017 at 12:53 PM

Airbag maker Takata Corp. will file for bankruptcy protection in Tokyo on June 26, sources tell Reuters.

Takata Shares Plunge as Reported Bankruptcy Looms

June 22, 2017 at 1:15 AM

Shares in Takata Inc. plummeted more than 50% in early trading on the Tokyo Stock Exchange today over expectations that the airbag maker will file for bankruptcy this week.

Car Sales Continue to Climb in Australia

June 21, 2017 at 5:43 PM

Car sales in Australia rose 6% year on year to a record 102,900 units in May, the country’s statistics bureau reports.

Ransomware Discovery Halts Honda Assembly Plant

June 21, 2017 at 2:50 PM

Honda Motor Co. says it suspended production at its assembly plant in Sayama, Japan, earlier this week after discovering some of the facility’s computers were infected by ransomware.

Hyundai Targets Fuel Cell Sales Lead with New Model

June 21, 2017 at 12:00 AM

Hyundai Motor Co. plans to produce 3,600 of its new fuel cell vehicle next year, Business Korea reports.

Tesla Near Deal for Factory in China

June 20, 2017 at 12:49 AM

Tesla Inc. may announce as early as this week an agreement to build a factory to make electric cars in Shanghai, sources tell Bloomberg News.

Honda Teases Next-Gen Accord Sedan

June 19, 2017 at 1:22 PM

Honda Motor Co. has released a sketch of the redesigned 2018 Accord midsize sedan that the company will publicly unveil July 14 in Detroit.

FCA: No Decision to Drop Chrysler Brand in Japan

June 19, 2017 at 9:54 AM

Fiat Chrysler Automobiles NV has denied a Nikkei report that it is close to phasing out its slow-selling Chrysler brand in Japan.

EU Poised to Scrap Import Tariffs on Japanese Car Parts

June 19, 2017 at 2:00 AM

The European Union is prepared to begin phasing out import tariffs on more than 90% of car parts imported from Japan—if Japan will do the same on such European products as cheese, wine and processed foods, The Nikkei says.

Report: Takata Will Stop Making Airbags after Bankruptcy

June 16, 2017 at 5:28 PM

Beleaguered supplier Takata Corp. will phase out airbag production after it completes an expected bankruptcy restructuring, sources tell Reuters.

Car Sales Fall Again in China

June 16, 2017 at 12:20 AM

Sales of new passenger cars in China shrank 3% to 1.75 million units in May, according to the China Assn. of Automobile Manufacturers.