Asia

Hyundai Opens Beijing Innovation Center

September 23, 2019 at 3:08 PM

Hyundai Motor Group has opened an innovation center in Beijing as part of the carmaker’s global network of “cradle” facilities that partner with local tech startups and others.

Nissan, Ghosn Settle SEC Fraud Case

September 23, 2019 at 2:27 PM

Nissan Motor Co. and former Chairman Carlos Ghosn have agreed to pay $15 million and $1 million, respectively, to settle U.S. claims that they failed to report more than $90 million in benefits for Ghosn.

Acura Targets 25% Growth in U.S.

September 23, 2019 at 11:27 AM

Honda Motor Co.’s Acura luxury car unit aims to grow its sales in the U.S. from 159,000 units last year to more than 200,000 within five years.

Nissan Halts Assembly Plant in Indonesia

September 23, 2019 at 12:41 AM

Nissan Motor Co. halted operations six months ago at one of its two assembly plants in Indonesia but apparently still hasn’t directly acknowledged it.

Toyota Tests Factory Fuel Cell Generator

September 20, 2019 at 1:41 PM

Toyota Motor Corp. has begun testing a fuel cell-based electrical generator to help power its Honsha manufacturing plant in Toyota City, Japan.

Mazda Developing RX-9 Sports Car?

September 20, 2019 at 2:15 AM

A recent patent application by Mazda Motor Corp. suggests the company could be readying a successor to its RX-8 sports cars.

Hybrid Honda CR-V Coming to U.S.

September 19, 2019 at 8:47 AM

Honda Motor Co. will launch U.S. production and sales of the hybrid-electric variant of its CR-V compact crossover early next year.

Akebono Brake Gets $517 Million Bailout

September 18, 2019 at 5:46 PM

Akebono Brake Industry Co. says 37 of its creditor banks have agreed to forgive 56 billion yen ($517 million) in debt to help the company through an out-of-court based turnaround.

CATL to Supply EV Batteries to Daimler Trucks

September 18, 2019 at 10:25 AM

Daimler AG’s Trucks & Buses unit will source lithium-ion battery modules from China’s Contemporary Amperex Technology Ltd. (CATL) for a variety of electric trucks, starting in 2021.

Toyota, Aisin Invest $800 Million in Texas Plants

September 18, 2019 at 9:37 AM

Toyota Motor Corp. and its Aisin AW Co. supplier affiliate are investing a combined $791 million in Texas as the carmaker expands production at its San Antonio truck plant.

Report: Nissan Aims to Sell Trading Unit for $1 Billion

September 18, 2019 at 8:45 AM

Nissan Motor Co. hopes to sell its trading company subsidiary in a deal that could raise $1 billion for the struggling carmaker.
 

Shanghai Okays Passengers in Robotic Cars

September 17, 2019 at 12:56 PM

Shanghai has given three companies permission to carry passengers in their self-driving cars, says the state-run Xinhua News Agency.