Category: Asia

By on August 2, 2015

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The court case against former FCA Australia executive Clyde Campbell is turning into a veritable who’s-who of decision makers at the company, reports The Age.

Campbell, who is charged with misappropriation of $30 million AUD of company funds, claims he had verbal permission from recently departed FCA executive John Kett, current company hotshot Mike Manley, and head of FCA Sergio Marchionne.

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By on July 29, 2015

2015-Subaru-Forester

Reuters Investigates has a scathing report on foreign workers in Japan at some of Subaru’s most important suppliers. According to the news agency, due to the combination of a booming “Abenomics”, Japan’s 2010 asylum seeker program, and manufacturers looking for cheap sources of expendable labor, foreigners are taken advantage of and treated as second- and third-class workers. Another program meant to help Chinese citizens learn manufacturing skills in Japan is also implicated in helping Subaru take advantage of marginalized immigrant workers.

Subaru isn’t the only automotive manufacturer named as the same suppliers also feed parts to Honda and Toyota.

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By on July 28, 2015

2015 Ford F-150

Ford announced that it made a $1.9 billion net-adjusted profit in the second quarter of 2015, marking the largest gain for the automaker since 2000, according to Automotive News.

The profit represents a 44-percent gain over last year despite dipping global sales and a stronger U.S. dollar hampering exports. Ford said it was selling cars for more money and offering fewer incentives, despite recent reports of F-150 incentives topping nearly $11,000 in some places.

Ford said revenues in North America surged 10 percent, which helped the company beat Wall Street’s expectations.

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By on July 28, 2015

General Motors will invest $5 billion to build a global line of cars with Shanghai-based SAIC Motors that will be sold in Brazil, China and other emerging markets, the automaker announced Tuesday.

The cars won’t be sold in the United States, according to the statement.

The global vehicles will go on sale starting in 2019 and the automaker expects the line to eventually produce roughly 2 million cars annually.

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By on July 24, 2015

2016 Honda Accord

Honda unveiled its refreshed mid-sized sedan on Thursday, complete with facelift and available 19-inch wheels on the Acura Accord.

The new car also sports updated technology, including Apple’s CarPlay and Android Auto systems and a 7-inch touchscreen on EX and higher trims.

The Accord will continue to use its 2.4-liter four and 3.6-liter V-6 engines.

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By on July 24, 2015

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Lexus will offer for the first time in the United States a four-cylinder IS, the automaker announced Friday.

The compact luxury car will sport a variety of engines starting with a 2-liter turbocharged four-cylinder borrowed from the NX200t, and two variations of its 3.5-liter V-6 that it currently offers.

The smaller mill in the IS200t will produce 241 horsepower and 258 pound-feet of torque, according to the automaker, and will only be offered with rear-wheel drive.

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By on July 24, 2015

John KettThe head of the Asia Pacific region for Fiat Chrysler Automobiles abruptly left his position Thursday, only a few days before the former head of FCA in Australia is expected to file a defense against allegations that he misused money, Drive in Australia is reporting.

FCA Asian-Pacific chief John Kett left the company “to pursue other business interests,” according to the automaker. His resignation is effective immediately.

Former managing director of FCA in Australia Clyde Campbell is accused by the automaker of swindling more than $30 million from the company to pay for extravagant parties and gifts.  Read More >

By on July 23, 2015

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Hyundai is looking to jump into the subcompact crossover fold in the States with the Nissan Juke, Honda HR-V, Chevrolet Trax and everyone else, but it won’t be with the Creta, Edmunds is reporting.

The Creta recently went on sale in India, but executives in America told Edmunds that it wasn’t the right fit for U.S. buyers.

“We have decided to wait a little bit longer to get the right vehicle,” said Dave Zuchowski, president and CEO of Hyundai Motor America.

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By on July 17, 2015

Getrag

Supplier and sometimes-assembler Magna International will buy German transmission-maker Getrag for roughly $1.9 billion, the Detroit News is reporting.

The deal would firmly plant Canadian-based Magna International as the world’s second-largest parts supplier behind Robert Bosch GmbH and ahead of ZF, which recently purchased TRW Automotive for $12.4 billion earlier this year.

“The trend among the suppliers is that we now have to be bigger as the auto makers go to us to do more for them,” Magna Chief Executive Don Walker told the Wall Street Journal on Thursday.

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By on July 16, 2015

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The new mini crossover from Mazda will start at $19,960 (not including $880 destination) when it goes on sale after next month, the automaker reported Thursday.

That puts the CX-3 in leagues with the Chevrolet Trax, Nissan Juke, Honda HR-V and Jeep Renegade as sub-$20,000 crossovers in an increasingly crowded and competitive segment.

Like the rest of its competition, it’s not hard to hike the CX-3’s final price up in a hurry.

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