Uber Technologies Inc., the booking- app developer backed by Google Inc.’s investment arm and Amazon.com Inc. founder Jeff Bezos, expanded to Tokyo using licensed taxi operators rather than private drivers.
When Hyundai Motor Co. last overhauled the Sonata in 2009, motorists embraced the curvier exterior and the South Korean company went on to gain more market share than any major automaker for the next half decade.
Li Shufu, the Chinese billionaire chairman of Volvo Cars, said China should allow foreign carmakers to control their operations in the world’s largest auto market to encourage competition and bring down prices.
The U.S. Environmental Protection Agency drew up its rules limiting sulfur content in gasoline with automakers’ backing, reflecting a new way of doing business for an industry that’s often fought regulators.
Nissan Motor Co. led February U.S. sales gains for Asia-based carmakers, with its Altima passing Toyota Motor Corp.’s Camry so far this year amid severe winter weather that again was blamed for chilling demand.
General Motors Co. joined Chrysler Group LLC and Nissan Motor Co. in beating analysts’ estimates for February U.S. sales while Ford Motor Co., Toyota Motor Corp. and Honda Motor Co. did worse than projected.