More in Asia Pacific

  • Newswire

    Mitsubishi Issues Third Recall of Outlander PHEVs  

    The third recall of the plug-in hybrid version of the SUV since January 2013 involves defects in software controlling the lithium-ion battery....More
  • Newswire

    Mazda Recalls 88,000 Vehicles For Computer Fix  

    The automaker will correct a possible malfunction in the engine-control computer that may keep the vehicle from properly accelerating or even stall....More
  • Newswire

    CORRECTED-UPDATE 1-Beijing Auto looking to acquire a brand in Europe and U.S  

    (Corrects Volvo to Swedish from Swiss in 6th para and Saab deal date in 8th para) BEIJING, April 3 (Reuters) - Beijing Automotive Group Co, Daimler AG's Chinese partner, said on Thursday it wants to buy a "mid to high-end brand" in Europe or the United States to boost its global presence and it already has candidates in mind. The state-owned automaker said last year it was seeking to acquire an European brand, but now the search has extended to the United States, according to Dong Haiyang, who heads Beijing Auto's international expansion....More
  • Newswire

    Volvo Car Chair Targets 1 Million-Plus Sales as Long-Term Goal  

    Co-owner and Chairman Li Shufu, whose Zhejiang Geely Holding Group bought Volvo from Ford in 2010, tells a Swedish newspaper he aims for 800,000 annual sales by 2020, almost double last year's volume....More
  • Newswire

    Hyundai Motor Chief Earned $13 million Last Year  

    Chung Mong-koo, a son of the automaker's founder, received 5.6 billion won from Hyundai Motor and 4.2 billion won each from its steel-making unit, Hyundai Steel, and its parts supplier, Hyundai Mobis, Hyundai Motor says in a filing with the stock exchange on Monday....More
  • Newswire

    Chinese Automaker SAIC Predicts Slower Growth  

    China's biggest automaker, a partner in joint ventures with General Motors and Volkswagen, cites overcapacity and intense competition in predicting revenues this year will grow to about 8%, half of the 2013 level....More
  • Newswire

    PSA Looks to Dongfeng Deal to Launch Comeback  

    The state-owned Chinese automaker and the French government each have purchased a 14% stake in struggling PSA, providing it with a cash infusion of €3 billion....More
  • Newswire

    Distributor: Indonesia Could Be Southeast Asia's Top Car Market in 2 Years  

    Prijono Sugiarto, CEO of Indonesia's biggest auto distributor, predicts the country will overtake Thailand as Southeast Asia's largest market....More
  • Newswire

    Hangzhou Latest Chinese City to Curtail Car Sales  

    The Eastern China city proposes limiting sales to 80,000 units every 12 months, with a final decision on the details to be released at the end of April....More

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