Asia

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.

China Considers Lowering Tariffs on U.S. Cars

December 11, 2018 at 10:35 AM

China’s central government is considering a proposal to lower its 40% tariff on vehicles from the U.S. to 15%, sources tell Bloomberg News.

Ghosn, Nissan Skirmish Over Access to Brazilian Apartment

December 11, 2018 at 12:49 AM

Nissan Motor Co. and ex-Chairman Carlo Ghosn have been fighting over access to an apartment in Rio die Janeiro that the company claims may contain evidence of his financial wrongdoing.

Ghosn, Kelly and Nissan Indicted in Japan

December 10, 2018 at 10:50 AM

Prosecutors in Japan have indicted former Nissan Motor Co. Chairman Carlos Ghosn, board member Greg Kelly and the company itself for grossly understanding Ghosn’s compensation for five years.

Report: Ghosn Sought to Oust Nissan CEO Saikawa

December 10, 2018 at 12:01 AM

Former Nissan Motor Co. Chairman Carlos Ghosn was arrested days before attempting a management shakeup that included removing CEO Hiroto Saikawa, sources tell The Wall Street Journal.

Nissan Readies 50th Anniversary GT-R Hypercar

December 07, 2018 at 12:16 PM

Nissan Motor Co. has released images of the €990,000 ($1.1 million) GT-R50 hypercar that the company developed in celebration of the 50th anniversary of its GT-R muscle car.

Toyota Device Prevents Accidental Acceleration

December 06, 2018 at 2:52 AM

Toyota Motor Corp. has unveiled a sensor-based system that prevents cars from speeding out of control when the operator mistakes the accelerator for the brake pedal.

Nissan Uncovers More Testing Errors in Japan

December 06, 2018 at 2:05 AM

Nissan Motor Co. has uncovered new cases of errors in the final inspection tests it performs on cars sold in Japan, Reuters reports.