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Trump's trade war reaches the heart of Asian exports: Cars

May 25, 2018
Japanese and South Korean automakers are being forced to review their business strategies for the US as the Trump administration considers raising the tariff on imported cars to 25% from the current 2.5% in a bid for blue-collar workers' votes ahead of the midterm elections in November.

Despite hiccup, Japan's economy seen returning to growth

May 17, 2018
TOKYO -- Overseas factors will play the key role in Japan's economic growth in fiscal 2018, with US tax cuts promising to grease the recovery's wheels and risks like trade frictions threatening to slam the brakes.

Time for international carmakers to change partners in China?

May 11, 2018
International automakers have earned hefty profits from China's emergence over the past two and half decades as the world's largest car market, yet have felt unsatisfied because of a regulatory requirement to share these earnings with a local partner.

Japan juices efforts for new electric-vehicle battery

May 6, 2018
TOKYO -- Leading Japanese manufacturers have teamed up with the government in a program to develop solid-state batteries, which are expected to power the electric vehicles of the future. Kicking off in May, the program teams the Consortium for Lithium Ion Battery Technology and Evaluation Center, or Libtec, with companies like Toyota Motor and Panasonic to develop the highly efficient battery.

China to relax foreign ownership limits on cars, other industries

April 17, 2018
BEIJING - China Tuesday announced a timeline to open up its manufacturing sector including scrapping ownership limits for foreign automakers, shipbuilders and aircraft firms -- addressing a key issue in its trade dispute with the United States.

Jaguar Land Rover to cut UK staff, output as diesel sales slump

April 16, 2018
LONDON (Reuters) - Britain’s biggest carmaker Jaguar Land Rover (TAMO.NS) said it will cut 1,000 jobs and reduce production at two of its English factories as demand for diesel cars slumps in the face of higher taxes and a regulatory crackdown.
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