Honda Motor said on Thursday that it will decrease factory production by about 10% in two domestic plants by the end of March, due to the global microchip shortage and
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Toyota Motor will halt production at its Russian factory from Friday while vehicle imports into the country have also stopped indefinitely because of the supply chain disruptions, the automaker said.
Hyundai Motor said on Wednesday it thought of investing about 95.5 trillion won ($79.21 billion) through 2030, including about 19.4 trillion won ($16.10 billion) for electric vehicle (EV) related businesses.
The National Highway Traffic Safety Administration said they are investigating 1,732,000 Honda Motor vehicles over reports of inadvertent braking that boosts the risk of a crash. The investigation comes a week
Mahindra and Mahindra Ltd reported a 57% increase in third-quarter profit on Thursday, aided by higher revenues that offset a boost in costs due to supply chain disruptions and ongoing
Honda Motor has raised its full-year operating forecast on Wednesday, following cost cuts and a weak yen even though the global chip shortage crisis continues. It upgraded its recent forecast
Great Wall Motor will invest 11.5 billion yuan ($1.81 billion) over the next decade in building electric vehicles in Brazil where it has acquired a factory from Daimler AG. The Chinese
Toyota Motor will stop more production in Japan this month due to an increase in COVID-19 infections among autoworkers which had slowed supplies of parts, the automaker said on Monday.
Toyota Motor will need to build 700,000 vehicles worldwide in February, an increase of 10% on the year, but will still have to make a million more in March in
Carlyle Group purchased a 10% stake in logistics company Hyundai Glovis worth about 611 billion won ($510 million), Hyundai Motor Group said on Wednesday. The shares in the Hyundai Motor
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