SANTA ANA, Calif.— A jury has awarded nearly $256.5 million to a California auto dealership owner who claimed Nissan had a secret plan to put him out of business during the recession. The Orange County Superior Court panel ruled Monday in favor of Michael Kahn, who owned seven Nissan, Toyota and Chevrolet dealerships in the Los Angeles and San Francisco Bay areas.
Owners with potentially defective Takata air bags are eligible for financial assistance in getting their vehicles fixed and up to $500 in compensation. USAToday reports.
TOKYO— Japan is backing a push for pollution-free vehicles that run on hydrogen and planning to build more hydrogen fueling stations so that fuel-cell vehicles on roads will grow to 40,000 by 2020, from the current handful. The collaboration on fuel cells, announced Friday, brings together 11 companies, including automakers Toyota Motor Corp., Nissan Motor...
TOKYO— The global "ransomware" cyberattack hit computers at 600 locations in Japan, but appeared to cause no major problems as Japanese started their workday Monday even as the attack caused chaos elsewhere. Nissan Motor Co. confirmed some units had been targeted, but there was no major impact on its business. The Japan Computer Emergency Response Team...
LONDON— The worldwide "ransomware" cyberattack spread to thousands more computers on Monday as people across Asia logged in at work, disrupting businesses, schools, hospitals and daily life. The new infections were largely in Asia, which had been closed for business when the malware first struck. Among those hit were Russia's Interior Ministry and companies...
NEW YORK— The latest on the global extortion cyberattack that hit dozens of countries:. However, the Central News Agency says the ransomware program caused no damage to the schools' core database systems. The news agency says WannaCry also infected computers at an office of the Taiwan Power Company, a hospital and a business in the central city of Taichung.
TOKYO— Japan has fallen victim of a global "ransomware" cyberattack that has created chaos in 150 countries, with hundreds of computers hit at 600 locations. Nissan Motor Co. confirmed Monday some units had been targeted, but there was no major impact on its business. The Japan Computer Emergency Response Team Coordination Center, a non-profit providing support...
Chinese state media say more than 29,000 institutions across China have been infected by the global "ransomware" cyberattack. Xinhua News Agency reports that by Sunday evening, 29,372 institutions had been infected along with hundreds of thousands of devices. It cited the Threat Intelligence Center of Qihoo 360, a Chinese internet security services...
Ford's April U.S. sales fell 7.2 percent, dragged down by car sales that tumbled over 21 percent.
Asia markets closed mixed as traders parsed the RBA decision's to hold steady, key bank earnings in Australia and Singapore, and the dollar.
Asia markets close up, with energy plays mostly finishing lower and several major exchanges shut for a Labor Day public holiday.
Roland Krueger, president of Infiniti Motor, says demand patterns in the luxury car segment differ from the broader market.
Infiniti's first quarter sales rose 18 percent on-year to 67,367 vehicles globally, with around 28,000 in March alone, the luxury car maker said.
Asia markets ended lower on Tuesday, with the Australian dollar slipping in the wake of the RBA's on-hold call.
America's long, robust boom cycle for car sales may finally be losing steam.
Automakers reported declining car sales that sent share prices for the Big Three lower.
Ford, GM and Honda report an increasing reliance on truck and SUV sales as U.S. sales of cars continue to slip.
The X-Class will be sold in what Mercedes says are a bunch of "key markets," and the U.S. isn't included (for the moment), USA Today reports.
Asia markets traded lower after U.S. equities declined overnight, as the market priced in increasing chances of a Fed hike later this month.
Asia markets traded higher after U.S. stocks rose overnight, with the Dow Jones industrial average closing above 21,000.