Asian indices traded higher on Friday but trading remained light as investors await possible clues about interest rates at the Jackson Hole Symposium.» Read More
*BMW to make announcement in Mexico on July 3. MEXICO CITY/ MUNICH, June 30- Germany's BMW AG will unveil this week plans to build a new factory in Mexico, a government official said, as the company seeks to meet growing demand for premium cars.
FRANKFURT, June 27- Daimler AG and Nissan Motor Co are jointly investing $1.36 billion to develop premium small cars and build a factory in Mexico, the companies said on Friday, in a step that deepens cooperation between the Mercedes-Benz and Infiniti brands.
Asian equity markets declined on Friday following hawkish comments from a Federal Reserve official.
*Engineering shares extend gains on Toyota's fuel cell announcement. TOKYO, June 27- Japan's Nikkei share average slipped on Friday as concerns about U.S. economic growth hurt sentiment and as the stronger yen pulled down exporters.
KL taxi drivers are known for their reluctance to use the meter. But now the app GrabTaxi allows users to check drivers' backgrounds and gauge fares.
DETROIT, June 23- Honda Motor Co and six other automakers on Monday announced a regional recall of vehicles in some high humidity regions in the United States to replace inflators in air bags supplied by Japan's Takata Corp.
*Honda, Nissan, Mazda recall vehicles for potential Takata air bag issue. TOKYO/ DETROIT, June 23- Honda Motor Co and other Japanese automakers on Monday recalled almost 3 million cars with potentially explosive air bags supplied by Takata Corp, bringing the total recall so far to about 10.5 million vehicles over the past five years.
FRANKFURT, June 23- Germany's BMW Group is analysing a limited number of its cars in Hawaii, Puerto Rico and the Virgin Islands, it said on Monday, as part of a broader investigation into the safety of air bags supplied by Japan's Takata Corp..
Honda, Mazda, and Nissan are recalling millions of vehicles for a defective airbag manufactured by supplier Takata that could possibly explode.
TOKYO, June 23- Honda Motor Co and other Japanese automakers on Monday recalled more cars with potentially explosive air bags supplied by Takata Corp, bringing the total recall so far to around 10.5 million vehicles over the past five years.
In a country where owning a car has long been a symbol of luxury and success, around 85 percent of Chinese car buyers still buy cars with cash.
SHANGHAI/ HONG KONG, June 23- In a country where owning a car has long been a symbol of luxury and success, around 85 percent of Chinese car buyers still buy cars with cash. These young people are willing to buy big-ticket items like a car on credit- a behaviour unheard of some 15 years ago in China- and have led carmakers to boost their financing units in the mainland.
More than a million Honda Motor Co Ltd vehicles could be subject to an upcoming recall for Takata air bags that are at risk of exploding and shooting shrapnel at passengers and drivers, according to a person with knowledge of the matter.
Daimler will set up production capacity at a plant operated by its alliance partner Nissan in Aguascalientes northeast of Guadalajara, the magazine cited unnamed company executives as saying. Daimler and Nissan declined to comment.
Hot weather can actually reduce a vehicle's fuel consumption, if drivers follow some basic tips.
*Hyundai swaps aluminium hood with steel for new Genesis. SEOUL, June 20- About four years ago, Hyundai Motor considered shifting from steel to aluminium body parts for its Genesis sedan to make it lighter, more fuel-efficient and more competitive with German luxury marques, two people familiar with the matter said.
LONDON, June 18- When Britain elects a new government in May next year, business faces a difficult choice: Conservatives who could pull the country out of the European Union, or Labour waving the threat of tougher regulation.
TOKYO, June 18- Japan's Nikkei share average edged up on Wednesday morning, benefitting from gains on Wall Street and a weaker yen which drove exporters higher. Exporters were stronger after the dollar reached a one-week high of 102.25, with Panasonic Corp soaring 2.9 percent, Nissan Motor Co adding 0.5 percent and Tokyo Electron Ltd gaining 1.2 percent.
The two major carmakers are keen on talks with Tesla to cooperate on charging networks after Elon Musk opened the company's patents. The FT reports.
NEW YORK/ DETROIT, June 16- U.S. banks looking to get in on a booming market for financing new-car sales have run into a formidable competitor: the auto manufacturers themselves.