Asia

Reports: Geely Buys 10% Stake in Daimler

February 23, 2018 at 1:32 PM

China’s Zhejiang Geely Holding Group has acquired a 9.7% stake in Daimler AG to make it the German carmaker’s largest single shareholder, according to media reports.

Nissan Mulls Performance Pickup Truck

February 23, 2018 at 11:55 AM

Nissan Motor Co. is considering an off-road performance version of its NP300 Navara midsize pickup truck to compete with Ford Motor Co.’s upcoming Ranger Raptor model. 

GM Will Ask for Wage Freeze, Benefits Cuts at Korean Unit

February 23, 2018 at 11:12 AM

General Motors Co. will propose freezing worker wages and suspending benefits for some employees to lower costs at its struggling manufacturing unit in South Korea, according to Reuters.

Toyota Plans Proving Ground with ‘Ring-like Test Track

February 23, 2018 at 11:01 AM

Toyota Motor Corp. is investing 300 billion yen ($2.8 billion) to build a research and development center in Japan that will focus on electrified and other “green” technologies.

BMW, Great Wall Aim to Make Mini EVs in China

February 23, 2018 at 8:56 AM

BMW AG has signed a letter of intent with Great Wall Motor Ltd. to form a joint venture that would produce all-electric Mini-badged small cars in China.

TDK Developing Wireless Charging System for EVs

February 23, 2018 at 2:45 AM

TDK Corp., the Japanese maker of magnets, sensors and electronics, is the latest company to jump into the fledgling market for wireless charging systems for electric vehicles.

Denso Chairman Will Retire in June

February 22, 2018 at 3:14 PM

Nobuaki Katoh, a longtime Denso Corp. executive and the company’s current chairman, plans to retire in June.

Mitsubishi Outlander Plug-In Hybrid Gets New Look, More Power

February 21, 2018 at 11:14 AM

Mitsubishi Motors Corp. is giving the plug-in hybrid variant of its Outlander SUV a mid-cycle freshening that includes an upgraded battery and powertrain.

Mitsubishi Corp. Confirms Plan to Hike Its Stake in MMC

February 21, 2018 at 2:00 AM

Trading house Mitsubishi Corp. says it will double its stake in Mitsubishi Motors to 20% by buying a portion of shares held by two other members of the Mitsubishi Group.

China to Multiply Output of Bioethenol Fuels

February 20, 2018 at 1:39 PM

China plans to expand its production and consumption of bioethanol fuel over the next three years to help reduce excess stockpiles of corn and grain.

Lexus Readies Compact UX Crossover

February 20, 2018 at 10:36 AM

Toyota Motor Corp.’s Lexus unit will take the wraps off a production version of its UX compact crossover vehicle concept at next month’s Geneva auto show.  

Toyota Halves Rare Earth Metal Content in EV Motors

February 20, 2018 at 9:33 AM

Toyota Motor Corp. says it has developed magnets for electric motors that require as little as 50% as much rare earth metals.