Asia

Geely Inks Deal to Develop Hyperloop System in China

November 09, 2018 at 3:19 PM

China’s Zhejiang Geely Holding Group has signed an agreement with China Aerospace Science and Industry Corp. (CASIC) to develop a hyperloop-type train system.

Hyundai’s New SUV Named Palisade

November 08, 2018 at 4:44 PM

Hyundai Motor Co. confirms previous reports that it will call its new large SUV/crossover the Palisade, which will be unveiled later this month at the Los Angeles auto show.

Genesis Teases Updated G90 Sedan

November 08, 2018 at 3:38 PM

Hyundai Motor Co.’s Genesis unit is giving its G90 flagship sedan a mid-cycle update that will include revised styling and improved safety and comfort features.

Volvo Cuts Car Shipments Between China and U.S.

November 08, 2018 at 3:20 PM

Volvo Car Corp. says the U.S.-China trade war has prompted it to cancel plans to ship S60 sedans to China from its new U.S. factory in South Carolina.

Nissan’s Operating Profit Skids 21%

November 08, 2018 at 10:32 AM

Nissan Motor Co. reports that its operating profit in the fiscal second quarter ended Sept. 30 plunged 21% to 101.2 billion yen ($890 million).

October Car Sales in China Fell 13%

November 08, 2018 at 9:41 AM

Retail sales of new passenger vehicles in China dropped 13% to 1.98 million units in October, marking the fifth consecutive month of year-on-year shrinkage, according to the China Passenger Car Assn.

BMW Poised to Hike SUV Production in China

November 07, 2018 at 5:17 PM

BMW AG, which sources most of its SUV/crossovers from its huge plant in Spartanburg, S.C., says it is weeks away from a decision to move some of that output to China.

Chinese Gov’t Warns of Car Market Slump

November 07, 2018 at 8:38 AM

A high-level Chinese official says China’s new-vehicle sales this year will drop below 30 million units this year and could trail last year’s 28.9 million total, Bloomberg News reports.

Tencent Seting Up Autonomous-Car Team in Silicon Valley

November 07, 2018 at 1:03 AM

Chinese internet giant Tencent Holdings Ltd. is creating its own team of experts in self-driving-car technology in Silicon Valley, Reuters reports.

Hyundai Hikes Investment in Grab, Plans EV Fleet

November 07, 2018 at 12:15 AM

Hyundai Motor Co. is investing an additional $250 million into ride-share service Grab Taxi Holdings Pte Ltd. and will launch an electric-car test with the company in Singapore next year.

Most Googled Car Brand: Toyota

November 06, 2018 at 10:37 AM

Toyota was the most Google-searched car brand in one-third (57) of 171 countries tracked over the last year by U.K. insurance provider Veygo, which is part of the Admiral Group. 

Tata Gains in India with Shift to SUVs, Trucks

November 06, 2018 at 1:49 AM

New SUV models and booming demand for trucks drove Tata Motors Ltd.’s operations in India to their first net profit in six years for the first half of the fiscal year that began on April 1.