The weak yen provides Japan's manufacturers with temporary relief from China's difficulties.

Japanese automakers are receiving much-needed support from an old standby, as the weaker yen helps to bolster profits in the face of declining sales in China and an increasingly challenging transition to electric vehicles.

In the three months leading up to June, Toyota, Honda, and Nissa...

Financial, automotive, and battery material gains push Seoul stocks higher at the close.

Automakers, battery materials businesses, and financial institutions were the day's top gainers on the South Korean stock market. The domestic currency depreciated versus the dollar.

After gaining 3.99 points, or 0.16 percent, the Korea Composite Stock Price Index ended the day at 2...

TOYOTA MOTOR TO HOLD OFF PRODUCTION LINES OVER CHIP SHORTAGE

Highlights –

• Toyota Motor to hold off production lines over chip shortage.
• The company plans to halt two of its plants for around 8 days in June.
• The suspension of production will affect around 20,000 vehicles.
• Toyota expec...

GLOBAL OUTPUT OF JAPANESE AUTOMAKERS FELL BY 4.5 PERCENT IN JANUARY

Highlights –

• Global output of Japanese automakers fell by 4.5 percent in January.
• Toyota Motor Corp. and Nissan Motor Co. saw their production rise in the month.
• Toyota’s global sales in January were up 4.6 percent.
• N...

JAPAN REPORTS A RISE IN NEW CAR SALES BY 6.8 PERCENT IN JANUARY 2021

Highlights –

• Japan reports a rise in new car sales by 6.8 percent in January 2021.
• In January 2021, sales of new cars rose to 384.442 units.
• Sales excluding minicars rose by 6.8 percent to 236,592 vehicles.
• Toyota reported ...

TOKYO METROPOLITAN GOVT. LOOKING TO END SALES OF NEW GASOLINE CARS BY 2030

Highlights –

• Tokyo Metropolitan Govt. looking to end sales of new gasoline cars by 2030.
• The govt. also plans to stop selling new gasoline two-wheeled vehicles by 2035.
• The govt. had introduced ‘Zero Emission Tokyo Strategy&rsqu...

CHINA’S OCTOBER EXPORTS GROWTH PICKED UP MOMENTUM ON BACK OF US DEMAND

• China’s export growth picked up momentum in October, enhancing the total so far this year back above pre-coronavirus levels for the first time.
• Exports in October increased 11.4% over a year earlier to $237.2 billion, up from September’s 9.9% gain, as shown by custo...

GLOBAL OUTPUT OF JAPANESE AUTOMAKERS RISE IN SEPTEMBER BY 1.7%

Highlights –

• Global output of Japanese automakers rise in September by 1.7%.
• Toyota Motor Corp.’s global production grew by 11.7%.
• Suzuki Motor Corp.’s global output has increased by 19.1%.
• Honda Motor Co.&rsquo...

GLOBAL OUTPUT OF 8 MAJOR JAPANESE AUTOMKAERS FALLS IN AUGUST

Highlights –

• Global output of 8 major Japanese automakers falls in August.
• Output fell by 12.1 percent in August to 1.87 million units.
• Toyota produced 634,217 vehicles, down by 6.7 percent.
• Suzuki’s global output tot...

SOUTH KOREAN AUTOMAKERS EXPAND IN 6 ASEAN MARKETS

Highlights:

• South Korea automakers have experienced a surge in sales of vehicles in six member nations of the Associate of Southeast Asian Nations (ASEAN).
• Korean vehicle sales in the six markets have surged from 168,834 units in 2018 and 133,937 in 2...

PRODUCTION TO BE NORMALIZED FOR KOREAN CARMAKERS

Highlights:

• Korean carmakers are on track from today for normalizing production.
• Hyundai Motors Co. and its sister company Kia Motors Corp. partially restarted the production in Korea.
• The carmakers plan to imports auto parts from Southeast...

NISSAN MOTOR CO., AFFECTED BY CORONAVIRUS OUTBREAK

Highlights:

• Nissan Motor Co., suspended operations in Japan due to lack of components
• The coronavirus outbreak has disturbed its supply chains

The company has its plant situated in Kanda town of Fukuoka Prefecture. It is a finished v...

SOUTH KOREAN AUTOMAKERS WANT THE COUNTRY TO EASE 52-HOUR WORKWEEK RULE

Highlights:

• 31 auto parts makers of South Korea have petitioned for easing the country’s 52-hour workweek rule.
• Under the current labor standards act, companies under special circumstances can get an extension in working hours provided labor min...

CORONAVIRUS AFFECTED THE SOUTH KOREAN AUTOMAKERS

Highlights:

• China plays a big role in the global supply chain, it has a huge footprint in the auto industry.
• SsangYong Motor is the first automaker to be affected by the virus.
• The Chinese government has extended the Lunar New Year holiday ...

Japanese Automakers, Honda and Toyota recall millions of cars

Two of the biggest automakers of Japan, Toyota Motors and Honda Motor Company are recalling the millions of vehicles over unrelated safety problems.

On Tuesday, Toyota announced that it shall be recalling 3.4 million vehicles, out of which 2.9 million are in the United States, due to po...

SOUTH KOREAN AUTOMAKERS OUTPUT FELL IN 2019

South Korean automakers have experienced a decline of 4 million units in the annual production in 2019. This is the first time in a decade that the numbers fell so low. It came as an effect of labor unrest and the upliftment of Chinese rivals.

According to data released on Thursday by t...

Amount of Kia’s U.S. Sales This Year

The best selling cars of the two largest automakers of South Korea, Hyundai Motor Co., and Kia Motors Corp. are SEOUL, (Korea Bizwire) — This year in the United States, SUVs have been shown to increase their SUV line-up on Sunday. SUVs are the best selling car in South Korea.

Two ...

Car hackers pose major new hurdle for owners, auto industry

In the age where technology is gaining more ears, eyes and is at hand to everyone, there is fair opportunity for dark minds to use it for their purpose, which is to carry out cybercrime.  According to recent researches, it has been seen that cybercriminals are targeting the automobile indust...

AI powering the Korean carmaker's ambitions

The Korean auto scene has been making headlines as the key automakers of the nation are making some radical changes to the companies to stay ahead on the innovation game which is very essential to the growth of the companies shortly where tech will be an important part of the auto industry.

Love for engines dying?

The United States’ love of cars and automobiles is not hidden from the world and the nation has always loved its cars more than anything and this love has only compounded as the years have passed and now the nations own auto industry is abandoning its love for the huge roaring diesel engine...