Toyota and Hyundai latest to halt output and shed workers in India as car sales slump worsens
With India's auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, according to sources and documents seen by Reuters. Japanese carmaker Toyota Motor and South Korea's Hyundai Motor ...
Automation has doubled in global manufacturing over past 20 years: report
The use of robots in U.S. manufacturing has more than tripled over the two decades, and has doubled in the rest of the world, replacing certain categories of worker, according to a report published Monday. As of 2017, automation in the United States had risen ...
U.S. organized labor opposes USMCA in current form, says official
The head of the largest U.S. labor union said Tuesday he opposes ratification of the new North American free trade pact, because he doubts Mexico will enforce labor reforms required by the deal. Richard Trumka, president of the 12.5-million-member AFL-CIO, said the U.S. Congress is ...
Elon Musk takes on Panasonic in rare public tweet battle with key Japanese supplier
Elon Musk has engaged in Twitter spats with a long line of folks, from rival automakers to short-sellers and the Securities and Exchange Commission. He's at it again, but this time the stakes could be even higher. He's in a rare public dispute with a ...
Toyota dealers in Tokyo hacked; data on roughly 3 million customers stolen
Toyota Motor Corp. said Friday that data on roughly 3 million customers was stolen from its sales companies' computer systems in Tokyo following a hacking attack. The data breach occurred earlier this month and was confirmed on March 21 at Toyota Tokyo Sales Holdings Inc.'s ...
Carlos Ghosn to hold news conference in mid-April or later, his lawyer says
Former Nissan Motor Co. Chairman Carlos Ghosn is expected to hold a news conference in mid-April or later, one of his lawyers said. Ghosn, 65, intends to meet the press within April but may need more time to organize his statement against the charges, the ...
Toyota Motor Corp. is considering offering Suzuki Motor Corp. a hybrid system for global sales and enhancing a joint car development project for India, according to an expanded tie-up deal unveiled Wednesday. Under the agreement, Suzuki can sell hybrids developed by Toyota, namely the RAV4 ...
Subaru's domestic production halves in January due to part defect
Subaru Corp. said Wednesday its domestic production in January halved from a year earlier, reflecting the impact of a temporary factory shutdown that came after the discovery of a power-steering defect in certain models. Subaru said its output in Japan plunged 50.9 percent to 21,953 ...
Toyota slashes net profit forecast due to market turbulence
Dragged down by recent stock market turbulence, Toyota Motor Corp. slashed its net profit forecast for the current business year on Wednesday and now estimates the figure will be down by 25 percent compared to fiscal 2017. Despite record sales of ¥22.47 trillion and increased ...
CEOs at Davos sour on Trump policies, warning they hurt business and investment
From center-stage in Davos last year, President Donald Trump told the world's corporate bosses that America is a great place to invest. It hasn't quite turned out that way. Foreign direct investment to the United States fell in 2018, and companies gathered at the World ...
BMW AG is facing a criminal probe in South Korea after investigators concluded the manufacturer concealed fire hazards and delayed recalls for a problem that has dented sales and its reputation in the Asian country. South Korea's transport ministry plans to ask prosecutors to investigate ...
U.S. automakers group urges Trump to push harder to open Japanese market
The Trump administration intends to start trade negotiations with Tokyo as early as mid-January, after notifying Congress of its plans in October.
