Asia

Beijing Clears City of 388,000 Shared Bikes

August 02, 2019 at 4:57 PM

Beijing ordered four of nine shared-biker services to halt or reduce operations in a drive that removed 388,000 bikes from its streets in the first half of 2019.

Toyota Reports 9% Gain in Operating Profits

August 02, 2019 at 1:04 PM

Toyota Motor Corp.’s April-June operating profit climbed to a four-year high, but the company lowered its full-year outlook 6% on expectations of a stronger yen.

Honda’s Net Profit Falls 29%

August 02, 2019 at 11:30 AM

Honda Motor Co.’s adjusted net profit dropped 29% to 172 billion yen ($1.6 billion) in the fiscal first quarter ended June 30.

Trump Tariffs Add $300 Billion in Chinese Goods

August 01, 2019 at 3:57 PM

President Donald Trump says he will add 10% tariffs on the remaining $300 billion worth of goods from China not already being hit with punitive U.S. taxes, effective Sept. 1.

Nidec, GAC Form Joint Venture for EV Motors

August 01, 2019 at 11:05 AM

Japan’s Nidec Corp. is forming a joint venture with China’s GAC Components Co. to provide propulsion motors to Guangzhou Automobile Group for future electric vehicles.

Mazda’s Net Income Plunges 75%

August 01, 2019 at 3:29 AM

Mazda Motor Corp. posted sharp declines in earnings for its fiscal first quarter ended June 30, as revenue slipped and unit sales fell 13% to 353,000 vehicles.

India Offers to Lease EVs to Taxi Fleets

August 01, 2019 at 12:18 AM

Red tape is slowing India’s plan to put 10,000 electric vehicles into government fleets, so the country hopes to lease some of the backlogged EVs to taxi operators instead.

Toyota to Use Mazda HCCI Engine?

July 31, 2019 at 4:42 PM

Mazda Motor Corp. will supply a version of its SkyActiv-X engine, which combines attributes of gasoline and diesel units, to Toyota Motor Corp., BestCar reports.

Indonesia Confirms Hyundai EV Factory Project

July 31, 2019 at 2:49 AM

Hyundai Motor Co. has secured a site outside Jakarta on which to build a factory to make electric cars, according to an Indonesian cabinet official.

Tax on Tesla’s Shanghai Plant: $323 Million

July 30, 2019 at 5:44 PM

Tesla Inc. will be required by the end of 2023 to pay annual taxes of about $323 million for the factory it is building in Shanghai, according to The Nikkei.

Renault-Nissan Alliance Cedes Top Sales Crown

July 30, 2019 at 5:12 PM

The Renault-Nissan-Mitsubishi alliance fell in the first half of 2019 from first to third among the world’s top-selling carmakers.

Modest Hope as U.S., China Resume Trade Talks

July 30, 2019 at 3:57 PM

Experts doubt that this week’s relaunched trade talks between China and the U.S. will produce significant results anytime soon, The Wall Street Journal says.