Labor officials found it responsible for worker suicide, says Toyota

Toyota

Toyota Motor on Tuesday stated labor officials in Japan have found it responsible for the suicide of a worker, with the Mainichi Shimbun reporting that workplace bullying at the automaker had resulted in the worker’s death. The news comes as a declining workforce and changing values about work-life balance in Japan has meant companies are […]

California to halt purchasing GM, Toyota and Chrysler vehicles over emissions fight

california road

California stated on Monday it will stop all purchases of new vehicles for state government fleets from General Motors, Toyota, Fiat Chrysler and other automakers supporting U.S. President Donald Trump in a fight to strip the state of authority to regulate tailpipe emissions. Between 2016 and 2018, California bought $58.6 million in vehicles from General […]

China’s Auto Industry Discusses How To Increase Rural Car Sales

china cars

China’s auto industry executives met with government authorities regarding ways to promote higher car sales in rural areas, sources knowledgeable with the matter said. The country’s car manufacturers are grappling with struggling sales. Falling sales in China are making them seek new policies. Zeng Guang a senior official at the China Association of Automobile Manufacturers […]

Chinese electric automakers hit by new threat of subsidy cuts

Shares of Chinese electric-car makers dropped following a Bloomberg News report that stated regulators may slash subsidies further on the embattled industry. BYD Co., China’s biggest company of new energy vehicles, dropped 2.8% in Hong Kong. BAIC BluePark New Energy Technology, the country’s biggest company of pure electric cars, retreated 2.9% in Shanghai, while Contemporary Amperex Technology, […]

Hyundai to make Santa Cruz pickups at Alabama plant as a part of expansion strategy

Images of Hyundai Santa Cruz Pickup Truck

Hyundai Motor is going to start making its Santa Cruz pickup trucks at its U.S. factory in 2021, with an investment of about $410 million, as it looks forward to a foothold in the popular, but highly competitive, sector led by U.S. competitors. The Alabama factory expansion was declared as President Donald Trump is expected […]

China’s auto market could decline by about 8% this year

china map

Auto sales in China may slip to 26 million this year, a fall of around 8%, a senior industry executive cautioned, as the world’s largest auto market braces for a second year of contraction amid declining economic growth and tougher vehicle emissions standards. The recent prediction, by Fu Bingfeng, executive vice chairman of the China […]

Ghosn rejects report of inappropriate use of Nissan money

Carlos Ghosn pictures

Former Nissan Motor CEO Carlos Ghosn rejected any impropriety over payments he made during his reign at the automaker, after a newspaper report that Japanese tax authorities determined he used company funds for private use. “Mr. Ghosn categorically rejects that there was anything improper about the payments or donations at issue, all of which were […]

Ghosn used Nissan money for private use says Japan tax agency

Carlos Ghosn Renault-Nissan

Japan’s tax authorities have found former Nissan Motor CEO Carlos Ghosn used company funds for private use, bolstering the automaker’s case that he diverted corporate funds for personal benefit, the Yomiuri reported on Tuesday. The Japanese newspaper, without mentioning sources, stated the National Tax Agency found Ghosn used Nissan money for several years to pay […]

Ghosn’s lawyers seek dismissal of charges, allege prosecutors of misconduct

Carlos Ghosn pictures

Carlos Ghosn’s lawyers have asked the Tokyo District Court to drop all charges against the former Nissan Motor chairman, stating prosecutors colluded with government officials and Nissan executives to remove him from his post. Ghosn’s legal team in a press release stated they had filed two court filings ahead of a planned pre-trial meeting the […]