Toyota Motor Corp News
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Honda Motor Co. will return to Formula One as an engine supplier to help develop its technology after exiting the racing series in 2008.
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Audi AG, the world’s second-largest maker of luxury cars, said high-performance cars like the RS5, as well as the new version of the A3 compact, will help propel sales this year amid intensifying economic headwinds.
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Renault SA, France’s second-largest carmaker, is expecting European car market to shrink five percent this year over last year, Carlos Tavares, chief operating officer, said.
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Rising hacking risks to drivers as their cars become increasingly powered by and connected to computers have prompted the U.S.’s auto-safety regulator to start a new office focusing on the threat.
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Honda Motor Co., speeding ahead with an overhaul of the premium Acura line, is planning a $70 million central Ohio factory opening in two years to produce the next- generation NSX supercar.
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Asian shares rose as the Nikkei 225 Stock Average closed above 15,000 for the first time since 2007 after the yen touched a 4 1/2-year low against the dollar, boosting the earnings outlook for Japanese exporters.
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Lee Tack Young says Hyundai Motor Co.’s luxury vehicles are oversized, overpriced gas guzzlers. So he opted for a more modest alternative: a BMW 528i.
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Billionaire Daniel Loeb’s bid to break up Sony Corp. will need to overcome a history of failed efforts by activist investors in Japan.
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Volkswagen AG, Europe’s largest carmaker, plans to produce cars for a planned budget brand in China with joint-venture partner FAW Car Co., two people familiar with the matter said.
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Japan’s Nikkei 225 Stock Average closed above 15,000 for the first time since 2007 after the yen touched a 4 1/2-year low against the dollar. Sony Corp. jumped as shareholder Daniel Loeb pushed for its breakup.
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