Asia

Indonesia Confirms Hyundai EV Factory Project

July 31, 2019 at 2:49 AM

Hyundai Motor Co. has secured a site outside Jakarta on which to build a factory to make electric cars, according to an Indonesian cabinet official.

Tax on Tesla’s Shanghai Plant: $323 Million

July 30, 2019 at 5:44 PM

Tesla Inc. will be required by the end of 2023 to pay annual taxes of about $323 million for the factory it is building in Shanghai, according to The Nikkei.

Renault-Nissan Alliance Cedes Top Sales Crown

July 30, 2019 at 5:12 PM

The Renault-Nissan-Mitsubishi alliance fell in the first half of 2019 from first to third among the world’s top-selling carmakers.

Modest Hope as U.S., China Resume Trade Talks

July 30, 2019 at 3:57 PM

Experts doubt that this week’s relaunched trade talks between China and the U.S. will produce significant results anytime soon, The Wall Street Journal says.

Foreign Brands Continue to Shun Tokyo Auto Show

July 30, 2019 at 11:50 AM

Only four foreign carmakers plan to exhibit at this year’s Tokyo auto show in October.

Guangxi Yuchai to Supply New-Energy Powertrains to Foton

July 29, 2019 at 9:30 AM

Guangxi Yuchai Machinery Co. Ltd. has agreed to supply China’s Foton Motor Group with next-generation gasoline, diesel and natural gas engines, electrified powertrains and fuel cell systems.

India Cuts Taxes on EVs, Charging Stations

July 29, 2019 at 2:44 AM

India will slash its goods and services tax on electric vehicles and EV chargers to 5% from the current 12% and 18%, respectively, on Aug. 1.

Honda EV Takes Wide View of Digital Displays

July 26, 2019 at 5:26 PM

Honda Motor Co.’s upcoming “E” electric city car will feature five dashboard displays that span the width of the passenger cabin.

Nissan Job Cuts: 1,700 in India, 1,400 in U.S.

July 26, 2019 at 5:11 PM

The 25,000 jobs Nissan Motor Co. plans to eliminate 1,700 jobs in India and 1,420 in the U.S., The Nikkei reports.

Hyundai/Kia Ready Pickup Trucks for Australia

July 26, 2019 at 4:08 PM

Hyundai Motor Co. and its Kia Motors affiliate plan to introduce midsize pickup trucks in Australia by 2023.

Ex-Hyundai/Kia Execs Indicted for Recall Delay

July 26, 2019 at 2:56 AM

Prosecutors in Seoul have indicted a trio of former executives at Hyundai Motor Co. and its Kia Motors affiliate for delaying recalls in South Korea to fix known engine defects.

Chinese Carmakers Cut Sales Forecast

July 26, 2019 at 1:33 AM

The China Assn. of Automobile Manufacturers, which had predicted flat wholesales of cars in the country this year, now says factory shipments will drop 5% to 26.68 million units.