Asia

Nissan Cuts 12,500 Jobs as Net Income Falls 95%

July 25, 2019 at 3:37 AM

Nissan Motor Co. says it will eliminate 12,500 jobs worldwide and cut its global production capacity 10% by early 2023.

Report: Nissan to Cut 10,000+ Jobs Worldwide

July 23, 2019 at 5:52 PM

Nissan Motor Co. intends to eliminate more than 10,000 jobs in an effort to improve its sagging profits, company sources tell Kyodo News.

China, U.S. to Resume Face-to-Face Talks

July 23, 2019 at 5:03 PM

Top-level trade negotiators from the U.S. and China will meet in Shanghai on Monday for three days of talks aimed at avoiding further trade war escalation.

Hyundai Accent Gets More Efficient Powertrain

July 23, 2019 at 4:20 PM

Hyundai Motor Co.’s 2020 model Accent sedan features a powertrain that is 13% more fuel efficiency than the outgoing model.

BAIC Buys 5% Stake in Daimler

July 23, 2019 at 11:59 AM

China’s BAIC Group (Beijing Automotive Industry Holding Co.) has acquired a 5% stake worth €2.5 billion ($2.8 billion) in Daimler AG.

Chinese EV Startup Postpones U.S. Launch Plans

July 23, 2019 at 9:54 AM

Chongqing Sokon Industry Group’s Seres electric vehicle unit is delaying next year’s planned U.S. launch of its SF5 SUV/crossover vehicle.

Ford Scrambles to Revive Sales in China

July 22, 2019 at 2:12 PM

Ford Motor Co. is rushing to reverse marketing miscues and aging products in China to reverse an alarming sales slump, says The Wall Street Journal.

BMW Adds 5G at Plants in China

July 22, 2019 at 10:50 AM

BMW AG’s joint venture with Brilliance Automotive Group Holdings in China has installed 5G communication networks at all three of its manufacturing facilities.

Hyundai’s Net Profit Soars 23%

July 22, 2019 at 2:35 AM

A richer mix of SUVs gave Hyundai Motor Co. hefty second-quarter gains in revenue and operating profit—and its sharpest jump in net profit in more than seven years.

Prototype EVs Driving from China to Germany

July 22, 2019 at 1:36 AM

Two prototype electric SUVs made by Chinese carmaker Aiways have begun a 14,200-km (8,800-mile) test drive from Xian, China, to Frankfurt, Germany.

Korea Will License Ride-Share Services, Drivers

July 19, 2019 at 5:28 PM

The South Korean government plans to require that ride-share services obtain taxi licenses, and their drivers hold a taxi driver license.

Toyota, BYD to Co-Develop EVs for China

July 19, 2019 at 9:42 AM

Toyota Motor Corp. and BYD Co. have agreed to co-develop all-electric cars and SUVs that will be marketed under Toyota’s name in China.