Asia

September Car Sales Fell 5% in China

October 15, 2019 at 12:40 AM

Passenger car wholesales in China slid 5% to 2.27 million units last month, according to the China Assn. of Automobile Manufacturers.

EV, Hybrid Sales in China Plummet 32%

October 14, 2019 at 2:26 PM

Retail sales of electrified passenger vehicles in China in the first eight months of 2019 plunged by one-third to 793,000 units.

Faraday Founder Jia Files for Bankruptcy in U.S.

October 14, 2019 at 1:53 PM

Jia Yueting, the Chinese internet tycoon who co-founded California-based electric car startup Faraday Future Inc., has filed for Chapter 11 bankruptcy in the U.S.

Challenge for China-U.S. Trade Truce: Specifics

October 14, 2019 at 2:41 AM

The new challenge for trade negotiators from China and the U.S. will be to clarify exactly what was decided by last Friday’s truce in their simmering trade war.

Wholesales in India Skidded 24% in September

October 14, 2019 at 1:35 AM

Factory sales of passenger vehicles in India fell 24% to 233,300 units last month, the Society of Indian Automobile Manufacturers reports.

China, U.S. Make Headway on Trade Pact

October 11, 2019 at 5:10 PM

China and the U.S. agreed on Friday to “phase one” steps to de-escalate their trade war and attempt to reach a broad agreement that each country’s leader could sign by year-end.

Toyota Readies Plug-In Hybrid RAV4

October 11, 2019 at 3:53 PM

Toyota Motor Corp. will add a plug-in hybrid variant of its redesigned RAV4 compact crossover vehicle next year.

Trump, Top China Envoy, to Meet on Trade Today

October 11, 2019 at 2:10 AM

President Donald Trump, saying revived trade talks with China went “very, very well” yesterday, plans to meet this afternoon with China Vice Premier Lieu He.

Sleeker Next-Gen Toyota Mirai Gets More Range

October 11, 2019 at 12:00 AM

Toyota Motor Corp.’s redesigned Mirai fuel cell-powered sedan will be larger, more stylish and able to drive 30% farther per fill-up.

GM Sales in China Drop 18% in Third Quarter

October 10, 2019 at 4:09 PM

General Motors Co. reports it sold 689,500 cars and light trucks in China in July-September, down 18% from the same period in 2018.

Suzuki Predicts $1.3 Billion Loss as Sales Slide

October 10, 2019 at 2:30 PM

Suzuki Motor Corp. warns that slumping sales in India will cut its net profit 22% to 140 billion yen ($1.3 billion) in the current fiscal year ending March 31.

Hopes Low as U.S., China Resume Trade Talks

October 10, 2019 at 1:51 AM

The U.S. and China are to resume trade negotiations today in Washington, D.C., but expectations of a major breakthrough are next to nil.