Asia

S. Korea Vows to Make 6.2 Million Fuel Cell Vehicles by 2040

January 17, 2019 at 12:14 AM

South Korea aims to build 6.2 million fuel cell-powered vehicles, open 1,200 hydrogen fueling stations and hike annual production of hydrogen to 5.3 million tons by 2040.

Evergrande Takes Control of Saab Maker

January 17, 2019 at 12:09 AM

Chinese property developer Evergrande Group has paid $930 million to gain a 51% stake in National Electric Vehicle Sweden, owner of the assets of bankrupt Saab Automobile AB.

Infiniti to Drop QX30 Crossover

January 16, 2019 at 8:19 PM

Nissan Motor Co.’s Infiniti arm plans to discontinue the slow-selling QX30 crossover vehicle at the end of its lifecycle.

Nissan Plans to File Damage Claim Against Ghosn

January 16, 2019 at 12:17 AM

Nissan Motor Co. reportedly plans to file a civil lawsuit in Japan that demands former Chairman Carlos Ghosn pay for damages resulting from his alleged misuse of corporate funds.

High-Output Subaru Headed to U.S.

January 15, 2019 at 5:07 PM

Subaru Corp. developed the limited-edition WRX STI S209 sports wagon specifically for the U.S., marking the first time the carmaker will offer an S-tuned model outside of Japan.

Korea Fines Toyota for Deceptive Safety Advertising

January 15, 2019 at 4:55 PM

South Korea’s Fair Trade Commission has fined Toyota Motor Corp. $729,000 for misrepresenting the safety of its RAV4 crossover vehicles.

Judge Rejects Ghosn’s Request for Bail

January 15, 2019 at 1:15 PM

A district court in Tokyo turned down Carlos Ghosn’s request to be released on bail after nearly two months in jail on charges of financial misconduct.

Toyota Supra Breaks Cover

January 15, 2019 at 12:00 AM

Toyota Motor Corp. took the wraps off the 2020 Supra sports coupe at this week’s Detroit auto show Toyota is reviving the nameplate after a 17-year hiatus.

Ghosn Bail Decision Due

January 14, 2019 at 4:35 PM

A district court in Tokyo is expected to rule on Jan. 15 whether to allow Carlos Ghosn to be released on bail following his arrest for alleged financial misbehavior on Nov. 19.

Nissan CEO Backs Renault Alliance for Now

January 14, 2019 at 3:28 PM

Nissan Motor Co. CEO Hiroto Saikawa says he favors stabilizing rather than revamping the company’s alliance with Renault and Mitsubishi Motors while the fate of former Chairman Carlos Ghosn is unclear.

GAC Motors to Open Regional HQ in California

January 14, 2019 at 2:57 PM

China’s Guangzhou Automobile Group Co. has chosen Irvine, Calif., as home to its North American sales office ahead of plans to begin sales in the region a few years from now.

Report: Dutch Unit Paid Ghosn Secret €7 Million Bonus

January 14, 2019 at 2:25 AM

Former Nissan Motor Co. Chairman Carlos Ghosn reportedly received a suspicious €7 million bonus last year from a Nissan-Mitsubishi Motors venture in the Netherlands.