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 ...
Subaru tops Consumer Reports' annual auto brand rankings for first time
Automaker Subaru Corp.'s namesake brand topped U.S. magazine Consumer Reports' annual rankings, released Thursday, for the first time. "Subaru's strong predicted reliability and owner satisfaction marks drove it to the head of the pack," the magazine said. It rose from seventh in last year's rankings. Among ...
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, ...
China tried to step up pressure on Washington in their growing tariff war Thursday by suggesting U.S. companies lobby American leaders, while a South Korean union warned President Donald Trump's threat of higher auto import duties could lead to job losses in Alabama. Beijing and ...
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 ...
The Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. The national security probe under Section 232 of the Trade Expansion Act of ...
Japan carmakers benefit as South Korean auto sales plunge in China: report
Sales in China of Japanese cars rose sharply over the three months through May as sales of Korean cars plummeted, South Korea's Yonhap news agency reported Sunday, citing the diplomatic row over installation of a U.S. anti-missile system in the country as a major ...
Hyundai engineer blows whistle on 'chaebol' culture
South Korean engineer Kim Gwang-ho flew to Washington last year to do something he never dreamed he would: report alleged safety lapses at Hyundai Motor Co., his employer of 26 years, to U.S. regulators. Citing an internal report from Hyundai's quality strategy team to management, ...
