Indonesia is the biggest vehicle market in Southeast Asia, and Ford Motor Company is running away from it.
The automaker’s announcement earlier this year that it plans to stop selling vehicles in the country came as a shock to dealers, who now want Ford to compensate them in a big way, Reuters reports. (Read More…)
Buyers in South Korea have flocked to order the Chevrolet Impala by requesting more than 3,000 of the full-size sedans, which is two to three times higher than expected, BusinessKorea is reporting.
The higher-than-expected draw in South Korea is part of a larger trend; according to the BBC, just around 6,000 cars were imported in 2000. In 2014, more than 196,000 cars were imported into the country, although many of those were European luxury models.
GM Korea forecasted 4,000 to 5,000 Impala models would be sold by the end of 2015, but Korean buyers are ordering 200 cars per day, which would exhaust their supply within one month.
The first female senior executive to ever hold a managing officer role with Toyota has resigned.
The uncharged Julie Hamp remains in custody in Japan after being accused of attempting to import Oxycodone from the United States. Japanese prosecutors have 20 days to charge Hamp. That window expires on July 8.
Toyota issued a statement today:
On June 30, 2015, Toyota Motor Corporation (TMC) received notification from Ms. Julie Hamp of her intent to resign her position of Managing Officer. TMC has accepted her resignation after considering the concerns and inconvenience that recent events have caused our stakeholders.
Senior Managing Officer Shigeru Hayakawa will act as Hamp’s interim replacement.
Proving the first Chinese cars to come to America will be imported by established brands, Volvo has a number of S60 sedans on the boat from China and they’re expected to arrive in about two months.
Manufacturing in China is just one part of Volvo’s plan to boost sales to 800,000 units annually before 2020.
While the eternal debate about whether Japan is or isn’t a closed market continues to rage onwards, the Nikkei reports that a new phenomenon is occurring in Japan: imported vehicles from domestic brands are starting to trickle in.
Aside from Infiniti sharing engines with Mercedes, the Daimler-Nissan joint venture will also lead to production of the next-gen CLA and an A-Class sedan at Nissan’s plant in Aguascalientes, Mexico.
Honda may have been the first OEM to bring Chinese-made cars to North America, but their Made-In-China Fit never arrived in the United States. Now, it looks like Volvo will be the first brand to import Chinese-made cars to America.
Opel is announcing that they will build a Buick model for North America in the “second half of the decade”.
Backed by Warren Buffet and his investment company Berkshire Hathaway, Inc.,Automotive News is reporting that Chinese automaker BYD plans to deliver four models to the United States in late 2015.
An obscure story in the Azerbaijani press this past summer may be the tip of a much larger iceberg involving General Motors, PSA Peugeot Citroen and the Western World’s current bete noir: the Iranian regime currently embroiled at the heart of a controversial nuclear program, which is subject to economic sanctions by the United States government, including those that specifically target Iran’s automotive industry.
Citing reports from Iran’s Mehr news agency, an Azerbaijani news outlet reported that an unspecified number of brand new Chevrolet Camaro RS 2LT convertibles were imported by a division of Iranian conglomerate Iran Khodro. According to the report, the Camaros were sent from Miami to Paris, and then from Paris to Tehran via a Qatar Airways plane. The report also states that US Customs and Border Patrol documents list the final destination as the Aras Free Trade and Industrial Zone.