Asia

Masuko to Step Down as CEO at Mitsubishi Motors

May 17, 2019 at 11:11 AM

Osamu Masuko, 70, will step down as CEO of Mitsubishi Motors Corp. on June 21, according to the company. He will continue as chairman.

Nissan Board Confirms Saikawa Will Continue as CEO

May 16, 2019 at 9:29 AM

Nissan Motor Co.’s board has approved a roster of directors that will retain embattled CEO Hiroto Saikawa, The Nikkei reports.

Twohig Named Tech Chief at EV Startup Byton

May 15, 2019 at 10:27 AM

Chinese electric vehicle startup Byton Ltd. has appointed David Twohig as its chief technical officer.

Twohig Named Byton's Technology Chief

May 15, 2019 at 10:00 AM

China electric vehicle startup Byton Ltd. has appointed David Twohig as its chief technical officer.

Car Wholesales in India Drop 20%

May 15, 2019 at 2:13 AM

Factory sales of passenger vehicles in India plunged 20% to 160,300 units last month, the Society of Indian Automobile Manufacturers reports. The drop was the steepest in eight years.

Report: Nissan Ponders a Stake in Chinese EV Startup

May 14, 2019 at 1:47 PM

Nissan Motor Co. is mulling a plan to make a major investment in a Chinese electric car startup, sources tell Bloomberg News.

Nissan Predicts Further Erosion as Profits Plunge

May 14, 2019 at 10:35 AM

Nissan Motor Co.’s profits plunged in the fiscal year ended March 31, and the company predicts another sharp decline this year.

Rimac Lands $90 Million from Hyundai/Kia

May 14, 2019 at 10:21 AM

Hyundai Motor Co. and its Kia Motors Corp. affiliate are investing a combined €80 million ($90 million) in Croatian electric vehicle specialist Rimac Automobili.

Fujitsu, Ford Partner on Connectivity

May 14, 2019 at 9:52 AM

Fujitsu Ltd. and Ford Motor Co.’s Autonomic subsidiary are teaming to enhance the processing capability of Autonomic’s Transportation Mobility Cloud for vehicle-to-everything communications.

Panasonic: Tesla Model Y Will Cause Battery Shortage

May 13, 2019 at 4:53 PM

Panasonic Corp. warns it may run short of batteries for Tesla Inc. when the carmaker begins selling its Model Y crossover vehicle.

Car Wholesales in China Drop 15%

May 13, 2019 at 2:34 PM

Factory shipments of passenger vehicles to dealers in China shrank 15% to 1.98 million units in April, according to the China Assn. of Automobiles Manufacturers.

China Hikes Tariffs on Another $60 Billion in U.S. Goods

May 13, 2019 at 12:52 PM

China’s finance ministry say it will respond to the latest round of U.S. tariffs with new taxes between 5% and 25% on $60 billion worth of U.S. goods, starting June 1.