Toyota to produce record 10.4m cars in FY22

Honda pauses Indian auto production amid virus surge

With Daimler stake sale, Nissan sheds piece of Ghosn's legacy

Big business in Thailand bets on government's lofty EV goals

BANGKOK — Big companies in Thailand are investing heavily to foster the takeup of electric cars in response to government’s goal of turning the country into Southeast Asia’s EVs hub within the next decade. The world is going green and Thailand is jumping on the bandwagon. The National Electric Vehicle Policy Committee recently revealed that […]

Nissan sells its Daimler stake, following Renault

FRANKFURT (Reuters) — Japan’s Nissan Motor said on Tuesday it was selling its roughly 1.5% stake in German carmaker Daimler through an accelerated bookbuild offer, following a similar move by alliance partner Renault in March. The French carmaker, with Nissan, had exchanged stakes with Daimler a decade ago to strengthen their industrial partnerships. Cooperation is […]

BMW and Ford lead $130m investment in solid-state battery startup

FRANKFURT — BMW Group and Ford Motor are leading a $130 million investment in U.S. all-solid-state battery startup Solid Power amid an intensifying global race to commercialize the more powerful next-generation batteries. Solid Power plans to start manufacturing 100 ampere-hour batteries that can be used to power electric vehicles on a pilot production line in […]

Porsche's hydrogen-based eFuel turns gas guzzlers into eco-cars

FRANKFURT, Germany/TOKYO — While other automakers race to field electrified vehicles, Porsche looks to develop a fuel that will keep its iconic gasoline-burning cars relevant in the decarbonization era. Porsche’s eFuel, which is under development, combines “green hydrogen” generated by renewable energy with carbon dioxide captured from the atmosphere. The methanol produced from the process […]

China's Nio dismisses EV rivals' threats despite chip crunch

HONG KONG — The founder of Chinese electric vehicle maker Nio has shrugged off the efforts of established automakers to develop EVs and said his company faces no meaningful challenge in the premium market in China. Nio, which has emerged as the top homegrown challenger to Tesla in China’s EV market, reported a narrower loss […]

Japan's March factory output rebounds as car production jumps

TOKYO (Reuters) — Japan’s industrial output posted a surprise increase in March, as a jump in car production helped keep an economic recovery from last year’s deep coronavirus slump on track. The output rise will likely ease worries about the impact the health crisis is having on the manufacturing sector in the world’s third-largest economy, […]

Suzuki and Honda shut production in India to free up oxygen

MUMBAI — Surging COVID-19 infections have forced Suzuki, Honda and Toyota to temporarily idle production in India as the government urges manufacturers to redirect industrial-use oxygen for medical use. Maruti Suzuki will shut down two auto plants in Manesar and Gurugram from Saturday through May 9 to free up oxygen used for manufacturing. The plants […]

Suzuki and Honda shut production in India as infections surge

MUMBAI — Japanese automaker Suzuki will halt auto production in India to make industrial-use oxygen available for medical use as the number of COVID-19 patients surges in the country. Maruti Suzuki will shut down two auto plants in Manesar and Gurugram from Saturday through May 9. The plants will advance their regular maintenance closures, which […]

Toyota adds 2 new SUVs to US lineup with $800m investment

NEW YORK/TOKYO — Toyota Motor will invest $803 million to produce two new sport utility vehicles at its assembly plant in the U.S. state of Indiana, touting its plan’s job creation and environmental benefits. The two new SUVs — one a Toyota, the other a Lexus — will seat up to eight passengers and feature […]

Honda to suspend three Japanese plants in May due to chip shortage

TOKYO (Reuters) — Honda Motor will suspend three plants in Japan as many as six days in May due to a chip shortage, a spokesman said on Wednesday. Honda will suspend two plants in Saitama Prefecture for six days and its Suzuka plant in Mie Prefecture for five days, he said. The output cut was […]

Lyft sells self-driving tech unit to Toyota for $550m

Lyft Inc will sell its self-driving technology unit to Toyota Motor Corp in a $550 million deal, the companies said on Monday, allowing the ride-hail company to hit its profitability target one quarter earlier. The sale of Level 5 to Toyota’s Woven Planet division will allow Lyft to focus on partnerships with self-driving companies that […]

Mitsubishi cuts output by another 16,000 vehicles on chip crunch

TOKYO — Mitsubishi Motors will slash output by 16,000 units worldwide in May, the Japanese automaker said Friday, after a factory fire at key supplier Renesas Electronics squeezed the already tight global supply of automotive semiconductors. Mitsubishi will eliminate 11 shifts next month, mainly night hours, at its Mizushima plant in Japan, which produces kei […]

Tesla finally shares crash data to Shanghai auto show protester

Under pressure from regulators, Telsa agreed to share vehicle data with a customer after her protest atop a Tesla car at the Shanghai auto show went viral. Zhang Yazhou from Central China’s Henan Province carried out the protest on Monday citing a crash in February involving a Tesla Model 3 driven by her father. She […]

Honda accelerates along EV road under new CEO Mibe

TOKYO — Honda Motor is accelerating its rollout of electric vehicles, responding to regulatory and consumer pressure to step away from making traditional gasoline-powered cars and compete with the likes of Tesla Motors. Toshihiro Mibe, who took over as Honda’s CEO on April 1, said on Friday that by 2030 40% of the Japanese carmaker’s […]

Japan's lofty climate pledge demands radical energy innovation

TOKYO — Japan promised a steeply higher emissions reduction goal at Thursday’s U.S.-led climate summit, but achieving it will require drastic steps such as ditching coal-fired power plants and replacing the nation’s car fleet with zero-emission models. The new goal is to cut greenhouse gas emissions by 46% from fiscal 2013 levels by fiscal 2030. […]

Nickel-rich Indonesia draws global suppliers of EV battery materials

JAKARTA/TOKYO — From Germany-based BASF to Japan’s Sumitomo Metal Mining, overseas companies are rushing to set up nickel-processing facilities in Indonesia as the country bans exports of raw ore. Nickel is a critical part of electric-vehicle batteries, and Indonesia hopes to leverage its rich reserves to establish a domestic battery supply chain. But aggressive policies […]

Hyundai Motor Q1 operating profit surges 92% on strong demand

SEOUL — Hyundai Motor said on Thursday that operating profit nearly doubled in the first quarter from the same period a year earlier thanks to strong vehicle demand, but it cautioned that the global chip shortage is casting significant uncertainty over the current April-to-June period. South Korea’s largest automaker, which ranks No. 5 globally, said […]

Tokyo Motor Show canceled this fall due to COVID-19 concerns

TOKYO — The Japan Automobile Manufacturers Association said on Thursday it will cancel the Tokyo Motor Show scheduled for fall due to concerns over the coronavirus pandemic, even as organizers of the Summer Olympics insist that the event will go ahead. The announcement comes amid a spike in COVID-19 infections in Tokyo, Osaka and other […]

Chinese carmaker GAC presses ahead with Myanmar factory plan

SHANGHAI — Guangzhou Automobile Group is pressing ahead with plans to start manufacturing vehicles in Myanmar this year as part of the Chinese state-owned group’s ambitious internationalization plan. “Our Yangon plant is at the initial stage of construction and it has not been affected by the unrest,” Ben Chan, Asia general manager of the group’s […]

Hyundai Q1 operating profit surges 92% on strong demand

SEOUL — Hyundai Motor’s operating profit nearly doubled in the first quarter from the same period a year ago, the company said on Thursday, thanks to strong overseas demand. South Korea’s largest automaker, which ranks No. 5 globally, said operating profit hit 1.7 trillion won ($1.5 billion) in the January-March period, up 91.8% from the […]

China regulator fines parent of BMW partner over false accounting

HONG KONG — China’s securities regulator has fined Huachen Automotive Group Holdings and a group of current and former executives almost $9 million over false and incomplete disclosures made during bond sales by the bankrupt corporate parent of BMW’s local joint venture partner. Last week, Brilliance China Automotive, BMW’s Hong Kong-listed partner, revealed that it […]

Hyundai Motor struggling to maintain production amid chip crunch

SEOUL — Hyundai Motor on Monday suspended production of cars at a domestic factory for the third time in a month due to the global chip shortage, raising concerns that the scarcity could become a chronic hindrance to output. South Korea’s largest automaker, which together with affiliate Kia ranks No. 5 globally, said it ceased […]

LG and GM to build second EV battery plant in US for $2.3bn

SEOUL — LG Energy Solution and General Motors will invest more than $2.3 billion to build another battery cell manufacturing plant in the U.S., the companies announced Friday at an event in the state of Tennessee, where the factory will be located. The plant will be built by Ultium Cells, a U.S.-based joint venture of […]

Nonautomotive exhibitors a focus of attention at Auto Shanghai

SHANGHAI — One of the world’s largest auto industry exhibitions got underway on Monday in Shanghai, highlighted by electric vehicles from newcomers in China. About 1 million people are expected to visit Auto Shanghai 2021, officially known as the 19th Shanghai International Automobile Industry Exhibition, even as many major global events have been suspended or […]

Toyota steps up electric vehicle push with plans for 15 new models

TOKYO — Toyota Motor is set to introduce 15 electric vehicle models by 2025 as the world’s biggest automaker looks to capture a slice of the fast-growing EV market. The Japanese automaker is known for kick-starting the market for hybrid vehicles, which combine an engine with an electric motor, but has been less aggressive than […]

Renesas aided by 14,000 outside workers to restore fire-hit plant

TOKYO — According to cellphone location data analyzed by Nikkei, 14,000 people from among the Japanese company’s business partners and other organizations participated in the recovery of Renesas Electronics, which resumed semiconductor production on April 17 at its Naka plant in Ibaraki Prefecture. The plant had been partially shut down because of a fire. Nearly […]

Renesas says fire-hit chip plant to resume full production in May

TOKYO — Renesas Electronics expects to resume full production next month at a fire-damaged factory, the Japanese chipmaker said on Monday after it made a cautious restart to output. Carmakers have been closely tracking Renesas’s plans for ramping up the factory at Naka, in Japan, after the fire exacerbated a global chip supply crunch that […]

Odds are stacked against Foxconn in electric car market

SINGAPORE — When Apple seized leadership of the consumer device industry with the introduction of the iPhone in 2007, it created the conditions for a host of Asian tech names to grow in its wake. From assemblers such as Foxconn to apps such as Didi Chuxing, Asian companies rapidly grew to become significant players in […]

Huawei unveils HarmonyOS-based EV developed with BAIC

SHANGHAI — Huawei Technologies launched five automated-driving solutions Sunday, including one that runs on its HarmonyOS operating system. The products, which will be mass-produced in cars to be co-developed with automakers later this year, is part of the telecommunications hardware company’s $1 billion investment in self-driving and electric-vehicle research in 2021 to capture the rising […]

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