Asia

UPDATE: Honda Swings to a Quarterly Profit

April 28, 2017 at 12:36 PM

Honda Motor Co. reversed last year’s net loss of 93 billion yen in January-March with a net gain of 96 billion yen ($861 million) in the same fiscal fourth quarter in 2017.

Mitsubishi Plugs in Modern Model A

April 28, 2017 at 11:47 AM

To celebrate the 100th anniversary of its first mass-produced vehicle, Mitsubishi Motors Corp. is developing a plug-in hybrid version of the company's 1917 Model A car.

Magna Partners with Chinese Seating Supplier

April 28, 2017 at 10:05 AM

Magna International Inc. has agreed to form a joint venture with China's Hubei Aviation Precision Machinery Co. (HAPM).  The companies expect to close the deal in the fourth quarter.

Indian Carmakers Seek to “Correct” High Court’s Vehicle Sales Ban

April 28, 2017 at 2:04 AM

The Society of Indian Automobile Manufacturers has asked the country’s Supreme Court to review its ban on the sale of cars that don’t meet the country’s new BS IV emission standards, The Economic Times reports.

Mahindra Mulls Pininfarina-badged Supercar

April 27, 2017 at 3:08 PM

India’s Mahindra & Mahindra Ltd. may build a high-end electric vehicle that would be marketed under the company’s Pininfarina SpA design unit.

Kia Inks Deal to Build $1.1 Billion Assembly Plant in India

April 27, 2017 at 12:32 PM

Kia Motors Corp. has signed a memorandum of understanding to open a $1.1 billion factory in Andhra Pradesh, India, in the second half of 2019.

Takata Said to Consider Bankruptcy, Asset Sale to New Company

April 27, 2017 at 1:46 AM

Takata Corp. is considering a scheme to file for bankruptcy protection and sell its assets to a newly created company, thus separating ongoing operations from liabilities related to the company’s exploding airbag inflators, The Nikkei says.

Honda Civic Type R Moves to the Front of the Ring

April 26, 2017 at 2:08 PM

Honda Motor Co.’s 2017 Civic Type R has set a new record for a production front-wheel-drive car at Germany’s famed Nurburgring Nordschleife course.

Hyundai’s Earnings Drop 21%

April 26, 2017 at 11:33 AM

Net profit for Hyundai Motor Co. in the first quarter shrank 21% to 1.4 trillion won ($1.2 billion), marking the 13th consecutive decline in the company’s year-on-year results.

Ghosn: No Merger Ahead for Nissan, Mitsubishi

April 26, 2017 at 1:10 AM

Nissan Motors Corp., which acquired a controlling 34% stake in Mitsubishi Motors Corp. in October, has no plan to fully combine the two companies, says Carlos Ghosn, chairman of both companies.

Nissan Expands Nismo Performance Business

April 25, 2017 at 3:14 PM

Nissan Motor Co. has created a new business unit to help grow its Nismo performance sub-brand.

China Aims for 25% Growth in Vehicle Sales by 2025

April 25, 2017 at 9:51 AM

China’s Ministry of Industry and Information Technology predicts annual vehicle sales in the country will grow to 35 million cars, trucks and buses by 2025 from 28 million units in 2016.