Business / Corporate Jul 30, 2020
Toyota likely the world's best-selling carmaker for January-June
Toyota alone globally produced 3.31 million units in the first half of 2020, down 28.6 percent from the previous year.
Business Jun 4, 2020
Sales of imported vehicles in Japan sank by record 46% in May
Unit sales have fallen for eight consecutive months since October 2019, when the consumption tax was hiked to 10 percent from 8 percent on Oct. 1.
Business Feb 8, 2020
Trump administration closes antitrust probe of carmakers over emissions pact
The Justice Department has abandoned its antitrust probe of four automakers that sided with California over President Donald Trump in a fight over the future of fuel economy and emissions requirements. The inquiry had targeted Ford Motor Co., Honda Motor Co., BMW AG and Volkswagen ...
Business Feb 7, 2020
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 ...
Business / Corporate Jan 30, 2020
Toyota second in 2019 global car sales, overtaking Nissan-Renault
Toyota sold a record 10.74 million units globally in 2019, up 1.4 percent from a year earlier.
Business / Corporate Jan 29, 2020
Renault names ex-Seat chief de Meo as CEO for post-Ghosn era
French auto giant Renault SA on Tuesday named former Volkswagen Director Luca de Meo its chief executive as it seeks to regain its footing after a year of turmoil sparked by the November 2018 arrest of then-Chairman and CEO Carlos Ghosn. The 52-year-old Italian, credited ...
Business Dec 10, 2019
Car sales in China continued to decline in November, extending a historic slump and all but ensuring a second straight annual drop for the world's biggest auto market. Sales of sedans, sport utility vehicles, minivans and multipurpose vehicles fell 4.2 percent from a year earlier ...
Business Dec 3, 2019
Volkswagen AG is facing one of the largest-ever U.K. class action lawsuits, with almost 100,000 vehicle owners accusing it of misleading them by installing emissions-cheating software that made it appear their diesel vehicles met environmental standards. Lawyers for the drivers opened their case Monday, and ...
Business Nov 27, 2019
VW defends Xinjiang car plant after China internment camp cables
Volkswagen on Tuesday defended its car plant in Xinjiang, after leaked documents shed light on Chinese detention camps in the region holding over a million Uighurs and other Muslim minorities. Volkswagen said in a statement it was "aware of the situation in the region" and ...
Business Nov 21, 2019
Los Angeles Auto Show's green emphasis is no coincidence in climate-minded California
Batteries and big price tags are all the rage at this year's Los Angeles Auto Show. While it'll be tough for any carmaker to top the buzz Ford Motor Co. has already generated with the debut of its Mustang Mach-E sport utility vehicle, several other ...
Business Nov 15, 2019
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 ...