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Ghosn reportedly has lost 10kg while in custodyGhosn refutes accusations in first court appearance since arrest

8 January 2019

Nissan Motor’s ousted chairman Carlos Ghosn appeared in court in Tokyo on Tuesday for the first time since his arrest 50 days ago following allegations of financial misconduct.


Foton sells majority stake in Borgward group

7 January 2019

Chinese automaker Foton Motor has sold a majority stake in German luxury carmaker Borgward Group, according to local reports citing a company filing to the Shanghai Stock Exchange at the end of December.


New JV to lead EV charging station roll-out in China

4 January 2019

China’s State Grid Corporation and China Southern Power Grid have partnered with two local private firms to establish the country’s largest electric vehicle (EV) charging operator based in Xiongan New Area in China’s Hebei province.


Taiwan vehicle sales edged down in December

4 January 2019

New vehicle sales in Taiwan fell by 0.5% to 41,993 units in December from 42,217 units a year earlier, according to local reports citing registration data compiled by Taiwan’s Directorate of Highways.


Cummins and JAC establish China engine JV

3 January 2019

China's Anhui Jianghuai Automobile Co Ltd (JAC Motors) announced last week it has established a new joint venture company with US diesel engine manufacturer Cummins.


GM is restructuring its loss-making Korean operationsGM Korea to complete R&D spin-off on Jan 3

2 January 2019

GM Korea has confirmed on Monday it plans to complete the spin-off of its R&D operations into a standalone company this week, after its two largest shareholders voted in favour of the move.


BMW, Mercedes fined in South Korea

2 January 2019

BMW Korea was been fined KRW11.2bn (US$10m) by South Korea's Ministry of Transport in December for delaying the recall of faulty vehicles and for not disclosing the faulty parts responsible for dozens of engine fires on public highways in South Korea over the last year.


Chung is hoping for a better year ahead for Hyundai-KiaHyundai-Kia targets sales rise of 1% in 2019

2 January 2019

Hyundai Motor Group has announced a global sales target of 7.6 million vehicles for 2019, up by less than 1% from an estimated 7.5 million units in 2018, helped by a sales recovery in the US and China.


Geely and CATL in EV battery joint venture

2 January 2019

China’s Geely Automobile Holdings and Contemporary Amperex Technology Co Ltd (CATL) have agreed to invest in a new lithium-ion battery joint venture company in China.


Will China-US trade tensions ramp-up or ease back in 2019? The performance of China's economy and its automotive sector will hinge on domestic demand and consumer confidence, which has been dented by new tariffs and uncertainties2019 outlook - China key to Asia market performance

21 December 2018

New vehicle sales in the Asia-Pacific region this year are expected to decline for the first time since the 1997-98 regional financial crisis, to a little more than 43 million units, and the outlook for 2019 is mixed at best. China clearly has a massive influence of the regional market these days and declining sales in the second half of the year was responsible for the region’s overall negative performance in 2018.




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