Asia

Half of VW's China Sales Will be Electrified by 2035

July 03, 2019 at 1:52 AM

Half the cars Volkswagen AG sells in China will be electrified by 2035, says CEO Herbert Diess.

China Rolls Out Strict Auto Emission Standards

July 02, 2019 at 3:49 PM

China has implemented tough new pollution limits for passenger vehicles that would slash their emissions by at least 40% by 2023.

U.S., China Agree to Resume Trade Talks

July 01, 2019 at 2:51 AM

President Donald Trump and China’s President Xi Jinping agreed last weekend to revive trade talks in hopes of ending the trade war between their countries.

Ghosn Announces, Then Cancels, Press Conference

June 28, 2019 at 10:40 AM

Carlos Ghosn, awaiting trial in Japan on charges of financial crimes at Nissan Motor Co., suddenly called a press conference today and then canceled it a few hours later.

Five More Japanese Carmakers Join Toyota-Softbank Venture

June 28, 2019 at 1:42 AM

Monet Technologies Corp., the 8-month-old joint venture between Softbank and Toyota to develop autonomous ride-hailing and delivery services, has signed up five more Japanese carmakers.

Macron: No Need for France to Reduce Renault Stake

June 28, 2019 at 1:22 AM

French President Emmanuel Macron has raised new concerns about the future of the Renault-Nissan alliance by declaring there is no need for France to reduce its 15% stake in Renault.

Toyota to Spend $2 Billion on Electrification in Indonesia

June 28, 2019 at 12:01 AM

Toyota Motor Corp. will invest 28.3 trillion rupiah ($2 billion) over the next four years to electrify its fleet in Indonesia, according to the country’s ministry for maritime affairs.

Report: Mitsubishi Developing Next-Gen Lancer Evolution

June 27, 2019 at 8:16 AM

Mitsubishi Motors Corp. is developing a new version of its Lancer Evolution sports sedan, Autocar reports.

Nissan Cuts Compensation for Ghosn, Saikawa

June 27, 2019 at 3:10 AM

Nissan Motor Co. paid then-Chairman Carlos Ghosn 1.65 billion yen ($15.3 million) in the fiscal year ended March 2018, down 42% from the previous year.

Nissan Faces Likely Fine Over Ghosn Pay Reporting

June 26, 2019 at 2:56 PM

Japanese regulators are expected to fine Nissan Motor Co. as much as 4 billion yen ($37 million) for not reporting a like amount of compensation for former Chairman Carlos Ghosn.

France’s Macron Touts a “Stronger” Renault-Nissan Alliance

June 26, 2019 at 2:06 PM

French President Emmanuel Macron says the Renault-Nissan alliance should be strengthened through “synergies and alliances in all their forms.”

Genesis Affirms Expansion Plans

June 26, 2019 at 9:16 AM

Hyundai Motor Co.’s high-end Genesis brand plans to launch two SUV/crossover vehicles and another unspecified model to double its product lineup by 2021.