Asia

Lexus Mulls F-Badged Performance SUV

January 29, 2019 at 4:35 PM

Toyota Motor Corp.’s Lexus unit is considering a performance variant of one of its SUV/crossover models.

Brake Supplier Akebono Seeks Turnaround Aid

January 29, 2019 at 3:29 PM

Japanese brake system supplier Akebono Brake Industry Co. has filed for an out-of-court turnaround and is seeking financial aid to avoid bankruptcy, The Nikkei reports.

Indonesia Finalizing EV Incentive Plan

January 29, 2019 at 12:07 PM

Indonesia is completing policies to foster foreign investment in support of the government’s goal of electrifying 20% of domestically produced cars by 2025.

Nexteer to Open 3rd Plant in India

January 29, 2019 at 9:36 AM

Michigan-based Nexteer Automotive Group is opening of a facility in Chennai, India, to produce electric power steering (EPS) and driveline systems.

France Weighs in on Ghosn’s Treatment

January 29, 2019 at 1:13 AM

The French government, which owns 15% of Renault SA, has warned the company against awarding an “exorbitant” severance package to ex-Chairman and CEO Carlos Ghosn.

Desay to Open Autonomous-Vehicle Test Center in Singapore

January 28, 2019 at 7:30 PM

China’s Desay SV Automotive Ltd. is opening a research and development center in Singapore that will focus on Level 4/5 autonomous vehicle, connectivity and cybersecurity systems.

Subaru Resumes Production After 12-Day Disruption

January 28, 2019 at 4:41 PM

Subaru Corp. has relaunched production in Japan after defective parts from a sole source shut down the company’s main plant on Jan. 16.

SEC Launches Nissan Probe After Ghosn Indictments in Japan

January 28, 2019 at 2:33 PM

The U.S. Securities and Exchange Commission has asked Nissan Motor Co. for details about charges in Japan that the company falsified reports about compensation paid to ex-Chairman Carlos Ghosn.

No Plans for Genesis Performance Sub-Brand

January 28, 2019 at 11:30 AM

Hyundai Motor Co.’s high-end Genesis unit has no immediate plans to launch a performance-oriented sub-brand akin to BMW M, Mercedes AMG or Volvo Polestar.

Zoyte Names First U.S. Dealers

January 28, 2019 at 10:19 AM

The initial group of U.S. franchised dealers for Zotye Automobile International Co. have been named as part of the Chinese carmaker’s plans to launch sales in the market by the end of 2020.

Hyundai Cuts Jobs, Reviews Production in China

January 28, 2019 at 12:20 AM

Hyundai Motor Co.’s joint venture with BAIC Motor Corp. is trimming its workforce and pondering production cuts as output at its factories in China slumps to 50% of capacity.

Chinese Startup to Unveil EV, Fuel Cell Models in Geneva

January 25, 2019 at 9:59 AM

Aiways, a Shangrao City, China-based startup, plans to unveil its U5 SUV/crossover and fuel cell-powered RG Nathalie supercar at the Geneva auto show in March.