Asia

Nissan to Expand Capacity 40% in China

August 20, 2018 at 1:15 PM

Nissan Motor Co. is readying a $900 million plan to hike production capacity in China 40% by 2021, sources tell Reuters.

Proton, Geely Expand Partnership to China

August 20, 2018 at 2:17 AM

Malaysia’s Proton Holdings Bhd and its 49.9% owner, Zhejiang Geely Holding Group, are expanding their partnership with a new venture to make cars in China.

China, U.S. Hope to Resolve Trade Impasse by November

August 17, 2018 at 4:39 PM

Trade negotiators are setting up talks in hopes of resolving the developing trade war between the U.S. and China before the leaders of the two country meet in November.

BMW Blames Drivers for Fires in S. Korea

August 17, 2018 at 4:00 PM

BMW AG suggests to the Xinhua News Agency that fires involving its cars in South Korea are a result of local traffic conditions and the “driving style” of their owners.

Shipments of Electrified Vehicles Leap 48% in China

August 17, 2018 at 1:39 PM

Wholesales of plug-in hybrid and all-electric vehicles in China zoomed 48% to 84,000 units in July, according to the China Assn. of Automobile Manufacturers.

Infiniti Sketches Sleek Concept EV

August 16, 2018 at 6:11 PM

Nissan Motor Co.’s Infiniti unit will take the wraps off a sleek concept vehicle next week that will preview the luxury marque’s future electrified powertrains and design cues.

Toyota May Hike Capacity in China More than 50%

August 16, 2018 at 2:34 PM

Toyota Motor Corp. is preparing to expand its annual production capacity in China more than 50% to 2 million units, sources tell Reuters.

Volvo Readies IPO at $30 Billion Valuation

August 16, 2018 at 11:47 AM

Volvo Car Corp. is moving ahead with plans for an initial public offering later this year after investors indicated support for a company valuation of $30 billion, sources tell the Financial Times.

Hyundai Mobis Steers Toward Redundant Autonomy

August 16, 2018 at 11:33 AM

South Korea’s Hyundai Mobis Co. is developing an electric power steering system with redundant controls to ensure safe operation is maintained in future self-driving vehicles.

VW Brand Sales Slip in China

August 16, 2018 at 1:58 AM

Volkswagen AG says its sales of VW brand vehicles in China declined 2% to 223,500 units in July compared with the same month last year.

New U.S. Tariffs Could Cancel Korea Trade Pact

August 16, 2018 at 1:11 AM

South Korea is likely to scrap the trade agreement worked out with the U.S. earlier this year if the Trump administration imposes new import taxes on all foreign-made cars, says Bloomberg News.

More BMW Fires Reported in S. Korea

August 15, 2018 at 5:25 PM

Reports in South Korea of new fires involving BMW vehicles are raising questions about whether a current recall to fix the problem is broad enough, The Korea Herald reports.