Asia

Japanese Web Services Company Tests “Free” Ride-Hailing Service

December 06, 2018 at 1:32 AM

DeNA Co. Ltd., a Japanese provider of internet services, has launched a free ride-hailing service in Tokyo.

SsangYong Motors Returns to Australian Market

December 05, 2018 at 3:42 PM

South Korean SUV maker SsangYong Motor Co. has reestablished sales operations in Melbourne, Australia, after exiting the market two years ago.

VW Posted False Data on Emissions, Fuel Economy in Japan

December 05, 2018 at 1:24 PM

Volkswagen AG reports that an internal audit turned up dozens of cases in which the company submitted false reports on fuel economy and emissions to authorities in Japan.

Tata Motors Sinks Deeper into “Junk” Credit Status

December 05, 2018 at 11:21 AM

S&P Global Ratings has lowered its credit rating for Tata Motors Ltd. for the second time in five months, sinking the Indian carmaker two steps into “junk” status.

Report: Ghosn Had Extraordinary Control Over His Own Pay

December 05, 2018 at 10:12 AM

How could Carlos Ghosn have hidden $70 million in compensation from Nissan Motor Co., as his accusers claim? Bloomberg News says the company’s lax oversight gave him almost total control over his own remuneration.

Daimler May Hike Stake in BAIC Venture

December 05, 2018 at 1:41 AM

Daimler AG reportedly is pondering a move to increase its 49% stake in a carmaking venture with China’s BAIC Motor Corp. to at least 65% in 2022.

Ghosn May Face Many Weeks of Additional Jail Time

December 04, 2018 at 3:00 PM

Carlos Ghosn, the former chairman of Nissan Motor Corp. who was arrested two weeks ago on suspicion of financial misconduct, appears likely to be arrested again next week on new charges.

Nissan Panel Poised to Consider Ghosn Successor

December 03, 2018 at 4:43 PM

The three outside members of Nissan Motor Co.’s board will convene tomorrow (Dec. 4) to discuss candidates to replace former Chairman Carlos Ghosn, according to Reuters.

U.S., China Call Truce in Trade War

December 03, 2018 at 12:11 AM

The U.S. and China have to freeze tariffs on each other’s goods for the next three months.

Toyota Streamlines Management Structure

November 30, 2018 at 1:45 PM

Toyota Motor Corp. is reorganizing its executive structure to create fewer management layers, enable faster decision making and promote managers based more on their accomplishments than seniority.

Mazda EV to be Stand-Alone Model

November 30, 2018 at 10:43 AM

The electric vehicle Mazda Motor Corp. plans to launch in 2020 will be an all-new, purpose-built model, company officials tell Autocar.

Hyundai Plans $227 Million Stock Repurchase

November 30, 2018 at 2:16 AM

Hyundai Motor Co. says it will spend 255 billion won ($227 million) to buy back shares and stabilize the value of its stock.