NEWSWORTHY
China slashes auto import tariffs in boost to overseas carmakers
China will steeply cut import tariffs for automobiles and car parts, opening up greater access to the world’s largest auto market amid easing trade tensions with the U.S.
Japanese automakers' rosy profits may be short-lived
Japan's big three automakers enjoyed soaring net profits in the last business year, but analysts warn it is too early to say the robust results suggest a return to their glory days. The analysts said the strong earnings mostly stemmed from transient factors such as ...
Mazda’s Vice President Akira Marumoto to be appointed president in June
With the spread of electric vehicles and car-sharing hailing rapid transformation in the industry, Mazda Motor Corp. said Friday it will promote vice president Akira Marumoto to president on June 26 in what will be the first leadership change in five years. The promotion of ...
Toyota announces record net profit of ¥2.49 trillion
The company’s record figure comes in the face of once-in-a-century changes faced by the automobile industry and rising protectionism.
April sales of imported foreign-brand vehicles in Japan rose 4.9 percent from a year before to 17,412 units, marking their first rise in four months, an industry group said Tuesday. The growth reflected new model launches and strong demand for sport utility vehicles, the Japan ...
Nissan Motor Co. has decided to exit the diesel-powered vehicle market in Europe, according to sources. The Japanese automaker made the decision in light of strict environmental regulations in Europe, and aims to focus its resources on the development of electric vehicles, the sources said ...
Toyota bets $1.1 billion on SUVs in Canada with Trudeau help
The investment will turn Canada into the automaker’s main production site for the RAV4 and other hybrid vehicles, creating more than 400 jobs.
California sues U.S. government over plan to scrap car emission standards
California and 16 other states have filed a lawsuit against the Trump administration over its plans to scrap standards for gas mileage standards and how much greenhouse gases vehicles can emit, California Gov. Jerry Brown and Attorney General Xavier Becerra announced Tuesday. The suit takes ...
Once America's best-selling car, the Ford Taurus dies, again
A car that once was America's top-seller is about to die — for a second time. Ford Taurus, may you rest in peace at the salvage yard. Blame the full-size sedan's slow demise on the national obsession with SUVs and Ford Motor Co.'s need to slash ...
Global carmakers show off SUVs and electric models at Beijing auto show as China promises reforms
Global carmakers touted their latest electric and SUV models in Beijing on Wednesday, as China promises a more level playing field in the world's largest auto market where domestic vehicles are making major inroads. Industry behemoths like Volkswagen, Daimler, Toyota, Nissan, Ford and others are ...
Having lost the smartphone battle, Japan now lags on connected cars
In the race to build cars with digitally connected services — such as the ability to order coffee via a dashboard display — Toyota Motor Corp. and Nissan Motor Co. risk being held back by their home market. In contrast to vehicle buyers in the ...
