Asia

Tesla to Replace Takata Airbag Inflators in China

January 21, 2019 at 4:45 PM

Tesla Inc. is recalling 14,100 of its Model S electric sedans in China to replace passenger-side frontal airbags whose Takata Corp. inflators could explode, says the country’s Administration of Market Regulation.

Maruti Suzuki to Hike Capacity 25% in India

January 21, 2019 at 12:07 PM

Maruti Suzuki India Ltd. says it aims to boost its annual carmaking capacity to 2.2 million units in by 2020 from 1.75 million currently.

China’s Economic Growth Slows to 28-Year Low

January 21, 2019 at 11:52 AM

China’s economy expanded by 6.6% last year, its slowest pace since 1990, according to the National Bureau of Statistics.

Toyota, Panasonic Plan Batterymaking Venture

January 21, 2019 at 2:53 AM

Toyota Motor Corp. and Panasonic Corp. expect to launch a venture in 2020 to make advanced “prismatic” batteries for electric cars.

Ghosn Offers to Be Monitored, Guarded in Exchange for Bail

January 21, 2019 at 12:41 AM

Former Nissan Motor Co. Chairman Carlos Ghosn has offered to surrender his passport, wear an electronic monitor, reside in a guarded apartment and post his Nissan shares as collateral in a new bid to win bail.

Hyundai Mobis, KT Test 5G Tech

January 18, 2019 at 11:01 AM

Hyundai Mobis Co. is partnering with KT Corp. to develop and test 5G cellular-based vehicle-to-everything applications in South Korea.

Chinese City Uses Alibaba AI System to Curb Congestion

January 18, 2019 at 9:12 AM

Internet giant Alibaba Group Holding Ltd.’s “City Brain” technology has helped Hangzhou, China, significantly reduce traffic congestion, CNN Business reports.

Nissan, Mitsubishi Motors Say Their JV Improperly Paid Ghosn $9 Million

January 18, 2019 at 1:53 AM

Nissan Motor Co. and its Mitsubishi Motors Corp. affiliate confirm that their Dutch joint venture paid Carlos Ghosn, the former chairman of both companies, $9 million without telling them.

Car Wholesales Drop in India

January 17, 2019 at 4:46 PM

Factory sales of new cars to dealers slipped by 1,000 units to 238,700 vehicles in December, the Society of Indian Automobile Manufacturers reports.

Geely Confirms Plans to Build Lotus SUV in China

January 17, 2019 at 11:54 AM

China’s Zhejiang Geely Holding Group Co. says the new plant it is constructing in Wuhan will be used to assemble the crossover/SUV that Group Lotus unit is developing.   

Nissan CEO to Meet Renault Board on Ghosn Scandal

January 17, 2019 at 10:32 AM

Nissan Motor Co.’s CEO Hiroto Saikawa is scheduled to meet tonight with French government officials and the board of alliance partner Renault SA to discuss the Carlos Ghosn crisis.

Nissan May Drop Chairman Role

January 17, 2019 at 9:19 AM

Nissan Motor Co. is pondering a restructured management that would eliminate the chairman position.