Toyota Motor’s labor union prepares to seek an average pay increase of 10,100 yen ($91.98) per month in wage negotiations this year, public broadcaster NHK reported on Thursday. The demand
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Elliott held over $1 billion worth of shares in the company. Elliott Management sold its shares in Hyundai Motor companies last year after it was thwarted in its campaign for
Jaguar Land Rover (JLR) stated on Wednesday it will reduce around 10% of the workforce at its northern English Halewood factory as it modifies shift patterns to boost performance at
Hyundai Motor turned in its best quarterly operating profit in more than two years and stated it was on its way for higher profit margins in 2020, powered by more
Toyota Motor stated on Tuesday it is set to recall 3.4 million vehicles worldwide as an electronic defect that can result in air bags not deploying in accidents. The recall,
South Korea’s Hyundai Group is backing a UK electric vehicle startup that plans to start selling battery-powered delivery vans in 2021, the companies stated last week. Hyundai Motor and sister
Honda Motor stated on Tuesday it will recall 2.7 million older U.S. vehicles in North America for possibly faulty air bag inflators. The defect concerns a different type of Takata
Toyota Motor stated on Friday it spent an additional $700 million and added 150 new jobs to finish a $1.3 billion modernization program at its Princeton, Indiana factory. The investment
Toyota Motor stated on Friday it will shift production of its mid-size Tacoma pick-up truck from the United States to Mexico as it modifies production around North America. The automaker
Chinese automaker Great Wall Motors has agreed to purchase General Motors’ auto plant in India, the companies stated on Friday, as the Chinese automaker expands overseas given slowing domestic demand.
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