Follow

Show

GLOBAL NEWS

Volkswagen to invest $577 million in Brazil auto plant.

August 30, 2019
SAO PAULO (Reuters) - Volkswagen (VOWG_p.DE) will invest 2.4 billion reais ($577 million) in one of its Brazil factories, Sao Paulo state governor Joao Doria said on Thursday during a visit to the automaker’s headquarters in Germany.

U.S. auto sales seen rising 5% in August

August 29, 2019
(Reuters) - U.S. auto sales are expected to rise 5% in August from the same period a year ago, driven by strong volumes due to higher manufacturer incentives and higher average sales prices, according to J.D. Power and LMC Automotive.

New NAFTA clogs investment in auto supply chain after a year adrift

August 28, 2019
TOKYO -- A year after the U.S. and Mexico agreed to update the North American Free Trade Agreement, uncertainty stops Japanese auto parts manufacturers from making investment decisions.

Toyota to invest $907m in Suzuki to boost self-driving tech

August 28, 2019
TOKYO -- Toyota Motor will invest 96 billion yen ($907 million) in Suzuki Motor, taking a stake of about 5% in the company, while Suzuki put about 48 billion yen of its own money into Toyota, forging an equity tie-up that will expand their ongoing technology partnership, Nikkei has learned.

India autos slash jobs and showrooms as sales drop 31% in July

August 14, 2019
MUMBAI/NEW DELHI -- Indian automakers have cut about 345,000 jobs in recent months as showrooms have closed and passenger car production has been slashed amid the industry's worst slump in nearly two decades.

Toyota to build battery plant in China, eyeing hybrid policy shift

August 11, 2019
NAGOYA -- Toyota Motor's battery-making subsidiary will build its fourth hybrid vehicle battery plant in China as Beijing expands government incentives for low-emission autos, Nikkei has learned.
News more