Asia

SoftBank Invests $940 Million in Nuro Startup

February 11, 2019 at 1:57 PM

Japan’s SoftBank Vision Fund has invested $940 million in Nuro.ai, a California-based startup that makes self-driving delivery vehicles.

China’s Changan Demos 55 Autonomous Car Platoon

February 11, 2019 at 9:18 AM

Chongqing Changan Automobile Co. tested a 55-vehicle fleet of autonomous vehicles driving in line on a closed highway in China.

Car Output in S. Korea Fell 2% in 2018

February 11, 2019 at 2:27 AM

Production of passenger vehicles in South Korea slipped 2% to 4.02 million units last year, marking the third straight year of decline.

“Sizable Distance” Remains Over U.S.-China Trade Accord

February 07, 2019 at 6:02 PM

China and the U.S. are still far apart on an agreement to end their tariff war and have no high-level meetings planned to finalize a deal before a possible escalation three weeks from now.

Report: Nissan Doesn’t Want to Share Its Chairman with Renault

February 07, 2019 at 8:01 AM

Nissan Motor Co. won’t support Renault SA’s suggestion that its new chairman also serve as chairman of the Japanese carmaker, a source tells Bloomberg News.

Toyota Freshens Tacoma Pickup

February 07, 2019 at 7:39 AM

Toyota Motor Corp. is giving its Tacoma midsize pickup truck a mid-cycle makeover that includes trim-dependent styling tweaks, new tech features and an updated interior.

Car Sales Set Record High in SE Asia

February 06, 2019 at 2:47 PM

Demand for new passenger vehicles in southeast Asia’s six largest markets grew 6% to an all-time record 3.57 million cars in 2018, The Nikkei reports.

Daimler, Geely Mull Deeper Alliance

February 06, 2019 at 8:42 AM

Daimler AG is in talks about broadening its relationship with China’s Geely Group, which a year ago acquired a nearly 10% stake in the German firm.

Mazda’s Net Income Drops 41% as Revenue Flattens

February 06, 2019 at 2:21 AM

Mazda Motor Corp.’s adjusted net income shrank 41% to 12.7 billion yen ($116 million) in October-December. Revenue growth stalled.

Toyota’s Net Profit Plummets 81%

February 06, 2019 at 1:32 AM

Toyota Motor Corp.’s net profit for the fiscal third quarter ended Dec. 31 plunged 81% to 181 billion yen ($1.6 billion), largely because last year’s results were boosted by a one-time tax cut in the U.S.

China’s CATL Will Supply EV Batteries to Honda

February 05, 2019 at 5:08 PM

China’s Contemporary Amperex Technology Co. Ltd. has agreed to supply Honda Motor Co. with 56 gigawatt-hours worth of batteries through 2027.

Toyota Launches Subscription Scheme in Japan

February 05, 2019 at 11:42 AM

Toyota Motor Corp. has formed a joint venture with a Sumitomo Corp. subsidiary to launch subscription lease programs in Japan for select Toyota and Lexus models.