Fiat Chrysler could halt factory in Europe over supply shortages due to virus, says CEO
Fiat Chrysler Automobiles NV could halt production at one of its factories in Europe because of supply chain difficulties due to the new coronavirus outbreak in China, the firm's CEO has said. The prospective closure would be the first for a European car manufacturer. CEO Mike ...
Hyundai to halt South Korea output as new coronavirus disrupts parts supply
Hyundai Motor will suspend production in South Korea because the outbreak of the new coronavirus has disrupted the supply of parts, it said, becoming the first major carmaker to do so outside of China. The flu-like virus has killed more than 400 people and its ...
Hydrogen vehicles picked up pace in 2019 amid race to net zero emissions
Shipments of hydrogen fuel cells grew by more than 40 percent last year as proponents of the technology worked to establish it alongside lithium-ion batteries as a way to remove pollution from transportation. Companies delivered about 1,100 megawatts of hydrogen fuel cells in 2019, up ...
'A mini-China story': Vietnam-linked hacking group targets Toyota and others
A Vietnam-based hacking group is learning from China's playbook, using increasingly sophisticated cyberattacks to spy on competitors and help Vietnam catch up to global competitors, according to cybersecurity experts. In the last two years, the group, which is believed to be tied to the Vietnamese ...
Japanese auto brands grab top three slots in Consumer Reports' annual rankings
Japanese brands dominated the top three slots in Consumer Reports' annual auto reliability rankings released Thursday. Toyota Motor Corp.'s Lexus luxury brand was rated as the most reliable by the U.S. magazine, followed by Mazda Motor Corp.'s Mazda and the Toyota brand. In fourth and fifth ...
Why Asia's biggest economies are backing hydrogen fuel cell cars
Japan, China and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars. But to date, hydrogen fuel cell vehicles (FCVs) have been upstaged by electric ...
Automakers to add alerts to prevent child deaths from heat stroke
Automakers pledged to equip nearly all new cars with reminders to check the rear seats for children, a move that one safety advocate says doesn't go far enough to prevent dozens of children who die each year from heatstroke after being left in vehicles. Under ...
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 ...
Japanese and other automakers tout SUVs at New York auto show
Automakers on Wednesday gathered at this year's New York International Auto Show where Japanese carmakers unveiled all-new sport utility vehicles amid growing demand for light trucks over passenger vehicles. Toyota Motor Corp. introduced its 2020 Highlander, a midsize family-friendly SUV that ushers in the model's ...
South Korea day trader gave 'peace stocks' a chance and cashed in on Kim-Trump summit collapse
For Jung Jae-hoon, a 37-year-old day trader in South Korea, the botched Trump-Kim summit was a success: The volatility that rattled the market helped him earn a nice profit. Minutes before the market closed on Feb. 28, so-called peace stocks — a group of companies ...
South Korea's 'Hyundai Town' faces grim future with idled shipyard, rise in suicides
When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and night and workers could make triple South Korea's annual average salary. But the 52-year-old was laid off in January, ...
BMW and Hyundai join GM in pressing U.S. to drop tariffs, to preserve jobs and expansion plans
BMW AG and Hyundai Motor Co. have urged the U.S. not to impose tariffs on auto imports, joining General Motors Co. in pressing their case to the Commerce Department even as a top aide to President Donald Trump dismissed the concerns as "smoke and ...
