Dongfeng Motor Group will acquire automotive assets from its joint venture with Stellantis NV as part of the carmaker’s strategy to consolidate its manufacturing resources amid weak car sales in China. Dongfeng Peugeot Citroen Automobile (DPCA) will sell assets including certain land use rights, buildings and structures in Wuhan and Xiangyang in Hubei province to… Continue reading China’s Dongfeng to buy assets from Stellantis JV amid weak sales
Author: Nikki News Feed
China’s graphite curbs send South Korea searching for alternatives
SEOUL — South Korea is working to secure alternative supplies of graphite after China announced tightened export controls, as Seoul struggles to minimize the impact it faces from the trade war between Beijing and Washington. The South Korean industry ministry said on Monday that it will take steps to prevent shortages of graphite, which is… Continue reading China’s graphite curbs send South Korea searching for alternatives
Toyota to resume operations at remaining halted plants from Tuesday
TOKYO (Reuters) — Toyota Motor will gradually restart operations starting Tuesday morning at the remaining lines of group plants that had been halted due to an accident at a supplier’s facility last week, a spokesperson said. The world’s biggest automaker by sales plans to have completely resumed production at all plants that have faced disruptions… Continue reading Toyota to resume operations at remaining halted plants from Tuesday
Hyundai to build Saudi car plant with Saudi sovereign wealth fund
RIYADH, Saudi Arabia (Reuters) — South Korea’s Hyundai Motor Group will build a car plant in Saudi Arabia jointly with the Public Investment Fund, Saudi Arabia’s sovereign wealth fund, South Korea’s President Yoon Suk Yeol said on Sunday. Yoon was speaking in Riyadh, where the PIF and Hyundai signed the agreement on the plant, which… Continue reading Hyundai to build Saudi car plant with Saudi sovereign wealth fund
Kishida policy speech, Bangkok EV show, Seoul Halloween tragedy memorial
Welcome to Your Week in Asia. Japanese Prime Minister Fumio Kishida is set to make a policy speech to the country’s parliament on Monday, where he is expected to tout the government’s new economic stimulus plan to tackle rising prices as well as his drive toward the legalization of ride-hailing services. Markets will also be… Continue reading Kishida policy speech, Bangkok EV show, Seoul Halloween tragedy memorial
Tesla’s EV chargers win over Toyota, but next test will be Asia
NAGOYA, Japan/TOKYO — Toyota Motor’s adoption of Tesla’s charging standard for electric vehicles cements the technology’s lead in the North American market. But Asia will prove a different battleground. Toyota will incorporate the North American Charging Standard (NACS) for EVs sold in North America starting in 2025, the world’s top-selling carmaker said on Thursday, marking a… Continue reading Tesla’s EV chargers win over Toyota, but next test will be Asia
Japan’s Akebono Brake to shutter another U.S. plant in 2025
TOKYO — Akebono Brake Industry will shut a U.S. factory in December 2025, the Japanese auto parts supplier said Friday, continuing its retreat from a failed expansion in the world’s second-biggest auto market. Soaring materials prices and other factors had driven the Elizabethtown plant in the state of Kentucky into the red in recent years.… Continue reading Japan’s Akebono Brake to shutter another U.S. plant in 2025
Japan’s Akebono Brake to shutter another U.S. plant in 2025
TOKYO — Akebono Brake Industry will shut a U.S. factory in December 2025, the Japanese auto parts supplier said Friday, continuing its retreat from a failed expansion in the world’s second-biggest auto market. Soaring materials prices and other factors had driven the Elizabethtown plant in the state of Kentucky into the red in recent years.… Continue reading Japan’s Akebono Brake to shutter another U.S. plant in 2025
Toyota to resume production at 4 plants as parts supply woes ease
NAGOYA (Kyodo) — Toyota Motor said Friday it will resume operations at four domestic factories next Monday following an ease in the supply crunch caused by an explosion at a supplier’s factory. The automaker said it will restart five production lines at the four factories in northeastern and central Japan as it has now secured enough… Continue reading Toyota to resume production at 4 plants as parts supply woes ease
Toyota to resume production at 4 plants as parts supply woes ease
NAGOYA (Kyodo) — Toyota Motor said Friday it will resume operations at four domestic factories next Monday following an ease in the supply crunch caused by an explosion at a supplier’s factory. The automaker said it will restart five production lines at the four factories in northeastern and central Japan as it has now secured enough… Continue reading Toyota to resume production at 4 plants as parts supply woes ease