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Toyota Motor Corp will recall 270,000 Lexus and other vehicles worldwide to fix faulty engines in the latest quality lapse at the world's No 1 automaker. Toyota plans recall; may cost $228m
Auto sales in both the United States and China slipped in June from the previous month and major automakers said there was no sign of the second-half-year recovery.
General Motors Co's first-half sales in China surpassed those in the US for the first time as the world's fastest-growing major economy propelled global auto demand.
South Korea's Hyundai Motor Co posted a third successive monthly decline in domestic sales to a 10-month low on Thursday, hit by tough competition in the absence of new models, although the pace of decline moderated.
Toyota said it would file the recall in Japan on June 28, covering 90,000 high-end sedans, as the world's largest automaker continues to ramp up its safety oversight following a string of recalls.
French car parts maker Faurecia plans to buy a stake in one of the main suppliers to State-owned Chinese automaker FAW Group to build its position in the world's biggest car market.
The new subsidies announced by the government will not only prompt automakers to manufacture more fuel-efficient vehicles but also make considerable progress in terms of technology and reduced emissions, analysts said on Thursday. BYD, Changan approved for energy-efficiency subsidies
Toyota Motor Corp said on Thursday about 270,000 cars sold worldwide β including luxury Lexus sedans β have faulty engines, the latest quality lapse to hit the automaker following massive global recalls.
Mercedes-Benz (China) Ltd announced the establishment of the Mercedes-Benz Star Fund yesterday -at 30 million yuan the company's largest startup funding for a charity worldwide.
General Motors Co plans to build a new midsize Chevrolet truck in Thailand for export to Europe and parts of Southeast Asia as the brand makes its first push into the two regional pickup markets.
China's quality inspection authorities said Wednesday that Japanese car-maker Honda has decided to recall 165 Civics and Streams models sold in China due to airbag defects.
BYD Co, Chongqing Changan Automobile Co, Anhui Jianghuai Automobile Co and Beijing Hyundai Motor Co are among 16 automakers to have models approved for China's energy-efficiency subsidy of 3,000 yuan per car.
