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.
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 ...
Dongfeng Motor Co., a Chinese joint venture with Nissan Motor Co., aims to boost annual output of its first electric vehicle model for the Chinese market to 23,000 units in 2019, officials said. Dongfeng Motor in September launched the Sylphy Zero Emission model and hopes ...
Toyota gives top-selling Corolla a new look as it increases efforts in China
For Toyota Motor Corp., China wasn't always the first pit stop when it came to unveiling key car models. But this time, it's different. The automaker took the wraps off the all-new Corolla — and its China-only twin, Levin — at a global premiere in ...
Subaru placed under supervision after series of inspection scandals
The transport ministry has told Subaru Corp. that the automaker will be placed under strict supervision following a series of quality inspection scandals. "It is extremely regrettable for such a situation to have been caused that has undermined trust," transport minister Keiichi Ishii said Wednesday ...
Mazda considers offering mobility services via collaborations
Mazda Motor Corp. is considering offering mobility services using technologies such as the internet and autonomous driving, its president and chief executive officer, Akira Marumoto, said. Providing such services is "an option" for the automaker, Marumoto said in a recent interview. "Collaboration with nonautomotive sectors such ...
Toyota to recall 2.4 million hybrid cars globally over faulty program
Toyota Motor Corp. said Friday it will recall 2.43 million hybrid cars at home and abroad due to a fault in the hybrid system program. The models subject to the recall are the Prius sedan and wagon produced between October 2008 and November 2014, according ...
Mitsubishi Motors plans ¥4 billion boost to Indonesia output capacity
Mitsubishi Motors Corp. said Wednesday it will spend ¥4 billion ($35 million) to ramp up production capacity at a plant in Indonesia to meet solid demand for its recently launched multipurpose vehicle. The carmaker will boost production capacity at a plant in Bekasi — on ...
Canada and the United States reached a deal Sunday night for Canada to stay in a free trade pact with the U.S. and Mexico. U.S. Trade Representative Robert Lighthizer and Canadian Foreign Affairs Minister Chrystia Freeland announced the deal in a joint statement late Sunday. ...
