Asia

Proxy Advisors Seek to Replace Nissan CEO Saikawa

June 11, 2019 at 4:02 PM

Two large proxy advisory firms are suggesting that Nissan Motor Co. shareholders vote against reappointing CEO Hiroto Saikawa, The Nikkei reports.

India’s Auto Industry Cuts Production as Sales Sag

June 11, 2019 at 3:11 PM

Carmakers in India are trimming output after wholesales plunged 20% to a five-year low of 239,300 units in May.

Kia Goes Big with Digital Display in Tiny Crossover

June 11, 2019 at 12:06 PM

Kia Motors Corp.’s new XCeed compact crossover will feature an optional 12.3-inch digital display, the first all-digital system the carmaker has offered in any model.

Trump Threatens Even Higher Levies on Chinese Goods

June 11, 2019 at 1:03 AM

President Donald Trump told reporters yesterday that he may hike tariffs on $300 billion worth of Chinese goods above 25% unless China President Xi Jinping meets with him at the end of June.

France Urges Renault to Focus on Nissan Alliance

June 11, 2019 at 12:21 AM

French Prime Minister Bruno Le Maire says the country would be willing to reduce its 15% stake in Renault SA, if doing so would help strengthen the company’s 20-year-old alliance with Nissan Motor Co.

Kelly Says CEO Saikawa Knew All About Ghosn Pay Scheme

June 10, 2019 at 3:17 PM

Jailed former Nissan Motor Co. board member Greg Kelly claims CEO Hiroto Saikawa understood in detail and approved a disputed $82 million compensation package for Carlos Ghosn, who was arrested last year for underreporting those earnings.

Nissan May Back FCA-Renault Merger After Equity Sale

June 10, 2019 at 11:28 AM

Nissan would support a proposed merger between Renault and Fiat Chrysler Automobiles if Renault sharply reduces its 43% ownership in the Japanese carmaker, according to Reuters.

Renault to Block Nissan Governance Reforms

June 10, 2019 at 12:58 AM

Renault SA says it will block planned management reforms at alliance partner Nissan Motor Co. unless it can retain its clout with the Japanese carmaker, the Financial Times reports.

Next-Gen Nissan Juke to Get Electric Variants

June 07, 2019 at 3:10 PM

Nissan Motor Co. is considering various electrified variants for the second-generation Juke compact crossover vehicle due to bow early next year.

Toyota, BYD, Suppliers Team Up on EV Batteries, Parts

June 07, 2019 at 2:53 AM

Toyota Motor Corp. and China’s Contemporary Amperex Technology Ltd. are forming a strategic partnership in which CATL will begin next year to supply batteries for Toyota electric vehicles made in China.

India Pushes Electrification for Commercial Cars

June 06, 2019 at 4:43 PM

India could require ride-hailing services such as Ola and Uber to switch to electric power for 40% of their vehicles by April 2026.

Toyota, Subaru Partner on EV Platform, Electric SUV

June 06, 2019 at 10:30 AM

Toyota Motor Corp. and Subaru Corp. have agreed to jointly develop a chassis for midsize and large electric vehicles and a midsize electric SUV that each will market under its own brand.