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Embattled airbag maker Takata files for bankruptcy, seeks buyout

JAPAN’S Takata Corp, the firm at the center of the auto industry’s biggest-ever product recall, filed for bankruptcy protection in the United States and Japan and said it had agreed to be largely bought ...

June 27, 2017, Tuesday


Aston Martin launches global recall

BRITISH sports car manufacturer Aston Martin Lagonda Ltd is ordering a global recall of 1,658 Vantage cars after problems with a routine transmission software update led to incidents in China in which ...

June 22, 2017, Thursday


Ford to import Focus car from China

FORD Motor Co will export vehicles from China to the United States for the first time starting in 2019. Ford said yesterday that it plans to move production of its Ford Focus small car from the US to ...

June 21, 2017, Wednesday


Porsche banks on young

PORSCHE sees Chinese customers of its luxury sedans to be younger than those in the western markets. Chinese customers for the Porsche four-door sedan Panamera model average 36 years old, while their ...

June 16, 2017, Friday


China’s auto sales decline for 2nd straight month

CHINA’S auto sales reversed 0.1 percent to 2.1 million units in May from a year ago to post a second straight month of decline this year, according to the data from the China Association of Automobile ...

June 13, 2017, Tuesday


Toyota banks on flying car for Olympic

ENGINEERS, supported by Toyota Motor Corp, demonstrated their flying car on Saturday, which they hope will be able to light up the Olympic flame for the opening ceremony of the Tokyo 2020 Summer Games. “Cartivator,” ...

June 5, 2017, Monday


Toyota sells all shares in Tesla

TOYOTA Motor Corp said on Saturday it had sold all shares in Tesla Inc by the end of 2016, having canceled its tie-up with the US luxury automaker to jointly develop electric vehicles. Japan’s biggest ...

June 5, 2017, Monday


Lincoln bids on larger dealership network

LINCOLN plans to accelerate the speed of opening new stores in China to meet the rising demand, the company said today in an opening ceremony of one new store in Shanghai. China is expected to home 100 ...

May 26, 2017, Friday


Ford China announces new CEO

PETER Fleet has been appointed chief executive officer of Ford China and president of Ford Asia Pacific to lead the company’s operations in Asia Pacific, according to US carmaker Ford’s official statement ...

May 26, 2017, Friday


Geely buys 49.9% of Malaysia’s Proton to grow in Southeast Asia

ZHEJIANG Geely Holding Group, the Chinese owner of Sweden’s Volvo Cars, has agreed to buy 49.9 percent of Malaysian automaker Proton, gaining a platform to expand into Southeast Asia. The deal gives ...

May 25, 2017, Thursday


 

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