Asia

Nissan to Repatriate $1.1 Billion Cash from China Unit

December 13, 2018 at 9:43 AM

Nissan Motor Co. reportedly will repatriate 7.5 billion yuan ($1.1 billion) from its joint venture in China as tensions rise with alliance partner Renault SA.

Hyundai Offers $1.5 Billion in Aid to Suppliers

December 13, 2018 at 1:54 AM

Hyundai Motor Group has pledged 1.7 trillion won ($1.5 billion) over five years to help its small and medium-size suppliers stabilize their businesses and invest in new technologies.

China Rethinks China-First Industry Policy

December 13, 2018 at 12:20 AM

China is poised to delay its aim to dominate in manufacturing by 2025 and instead grant easier access for foreign companies.

Domestic Brands Suffer as China Car Sales Sink

December 12, 2018 at 5:04 PM

China’s domestic carmakers are taking the brunt of the country’s new-car sales slump, according to The Nikkei.

Renault to Nissan: Don’t Talk to Our Board Members

December 12, 2018 at 3:33 PM

Renault SA has cautioned alliance partner Nissan Motor Co. not to contact its directors to review evidence that former Nissan Chairman Carlos Ghosn failed to declare €38 million ($43 million) in pay.

Nissan to Widen Ghosn Probe

December 12, 2018 at 10:52 AM

Nissan Motor Co. is preparing to widen its investigation into financial wrongdoing by former Chairman Carlos Ghosn to include the company’s alliance with Renault SA and its subsidiaries.

Report: Ghosn Kept List of Hidden Compensation

December 12, 2018 at 2:37 AM

Japanese prosecutors have found a list apparently created by former Nissan Motor Co. Chairman Carlos Ghosn that charts compensation the company didn’t report but he expected to receive, The Nikkei says.

Hyundai Unveils Management Shakeup

December 12, 2018 at 2:04 AM

Hyundai Motor Group has made several high-level executive moves it says will help the company become more agile and innovative. All assignments are effective Dec. 13.

Car Sales in China Skid 18%

December 11, 2018 at 2:12 PM

Retail demand for new passenger vehicles in China dropped for the sixth consecutive month in November, plunging 18% to 2.05 million units, according to the China Passenger Car Assn.

Hyundai to Invest $6.7 Billion on Fuel Cell Vehicles

December 11, 2018 at 1:39 PM

Hyundai Motor Co. and its suppliers plan to invest a combined 7.6 trillion won ($6.7 billion) by 2030 to develop next-generation fuel cell vehicles and related technologies.

Hyundai’s R&D Chiefs Offer to Resign

December 11, 2018 at 12:20 PM

The two vice chairmen who oversee research and development at Hyundai Motor Group have offered to resign, sources tell Reuters.

Nissan to Revise Earnings Reports to Show Ghosn’s True Pay

December 11, 2018 at 11:44 AM

Nissan Motor Co. says it will file corrected earnings to reflect 5 billion yen ($44 million) in previously unreported compensation for former Chairman Carlos Ghosn.