NEWSWORTHY
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 ...
Nissan Motor Co. plans to hold an extraordinary board meeting as early as next week to discuss its top management after its alliance partner Renault SA appointed new leadership to replace Carlos Ghosn, sources said Friday. Renault's newly elected chairman, Jean-Dominique Senard, is set to ...
The alliance of Nissan Motor Co., Renault SA of France and Mitsubishi Motors Corp. remained in second place in terms of global auto sales in 2018, totaling 10.75 million units, data showed Wednesday. The alliance, whose former boss Carlos Ghosn was arrested more than two ...
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 ...
Nissan to sue sister of Carlos Ghosn over improperly gaining from contract
Nissan Motor Co. plans to file a lawsuit with a Rio de Janeiro court against a sister of former Chairman Carlos Ghosn after an internal probe found she had improperly gained from a contract to serve as an adviser, sources said Friday. The latest move ...
Court rejects former Nissan Chairman Carlos Ghosn's appeal to end detention
A Tokyo court on Tuesday rejected ousted Nissan Motor Co. Chairman Carlos Ghosn's appeal to end his detention following his arrest last month on allegations of financial misconduct. Ghosn has been held at the Tokyo Detention House since he was arrested Nov. 19 on suspicion ...
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.
Renault SA is aiming to reach in about a week the first conclusions to its internal probe into whether the pay packages of Carlos Ghosn, along with the French carmaker's other top managers, were properly disclosed to shareholders, according to people familiar with the ...
Volkswagen says the next generation of combustion cars will be its last
Volkswagen AG expects the era of the combustion car to fade away after it rolls out its next-generation gasoline and diesel cars beginning in 2026. Traditional automakers are under increasing pressure from regulators to reduce carbon-dioxide emissions to combat climate change, prompting Volkswagen to pursue ...
Hitachi and Uber take part in huge London trial aiming to crack electric-car charger shortfall
Uber Technologies Inc. and Hitachi Ltd. are among the companies that will flood London with 3,000 electric vehicles as part of a study aimed at overcoming a shortage of charging points blamed for holding back sales. The biggest-ever trial involving commercial electric vans and cars ...
