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Iran seals $17 billion Boeing deal, close to Airbus order

December 12, 2016 by · Leave a Comment 

By Tim Hepher and Sami Aboudi PARIS/DUBAI (Reuters) – Iran signed a $16.6 billion deal for 80 Boeing passenger jets on Sunday and was said to be close to another for dozens of Airbus planes to complete what would be the biggest package of firm contracts with Western companies since Iran's 1979 Islamic revolution. The deal between IranAir and U.S. planemaker Boeing includes 50 narrow-body 737 MAX aircraft and 30 long-haul 777s, split equally between the 777-300ER, which is badly in need of an order boost, …

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Iran seals $17 billion Boeing deal, close to Airbus order

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Japan’s Honda ties up with ride-hailing service Grab

December 12, 2016 by · Leave a Comment 

Southeast Asian ride-hailing service Grab disclosed on Monday that Japan's Honda Motor Co had invested in the firm, as part of a $750 million funding announced previously, to collaborate on motorbike-hailing services. …

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Japan’s Honda ties up with ride-hailing service Grab

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Toyota to settle U.S. truck rust lawsuit for up to $3.4 billion

November 13, 2016 by · Leave a Comment 

(Reuters) – Toyota Motor Corp has agreed to a settlement of up to $3.4 billion for a federal class action brought by U.S. owners of pickup trucks and SUVs whose frames could rust through, plaintiffs lawyers have said in court papers. The proposed settlement covers about 1.5 million Tacoma compact pickups, Tundra full-size pickups and Sequoia SUVs alleged to have received inadequate rust protection that…

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Toyota to settle U.S. truck rust lawsuit for up to $3.4 billion

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Japan car makers shuffle output, boost imports to meet U.S. SUV demand

November 11, 2016 by · Leave a Comment 

By Naomi Tajitsu and Maki Shiraki TOKYO/MARYSVILLE (Reuters) – Japan's top automakers are shuffling their U.S. product portfolios and resorting to larger imports of popular models there as they scramble to meet booming demand for gas-guzzling SUVs and trucks in the world's No. 2 auto market. Honda Motor Co , Japan's third-largest automaker, said it will begin producing from early …

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Japan car makers shuffle output, boost imports to meet U.S. SUV demand

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Corolla, Toyota’s car for the masses, turns 50

November 5, 2016 by · Leave a Comment 

This weekend marks the 50th anniversary of the Toyota Corolla, one of the world's best-selling cars. Since the first model went on sale in Japan on Nov. 5, 1966, some 44.3 million Corollas have been sold globally through the end of September, including the Corolla Fielder station wagon and other variants, the Japanese automaker says. Here are some milestones along the way and where it stands today.   CAR FOR THE MASSES In the late 1950s, as Japan&#…

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Corolla, Toyota’s car for the masses, turns 50

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Ford not interested in tie-up with Fiat Chrysler: CEO Fields

April 24, 2016 by · Leave a Comment 

Ford Motor Co is not interested in a tie-up with Fiat Chrysler Automobiles NV , Chief Executive Mark Fields said on Saturday, when asked about FCA head Sergio Marchionne's remark that Ford could be a potential merger candidate. “I can't speak to what Sergio or others wake up and want to say,” Fields told reporters ahead of next week's Beijing motor show. After being…

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Ford not interested in tie-up with Fiat Chrysler: CEO Fields

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Audi tops U.S. Consumer Reports vehicle ratings as Tesla falls

February 24, 2016 by · Leave a Comment 

By David Shepardson WASHINGTON (Reuters) – German luxury automaker Audi on Tuesday topped the annual ranking of new vehicles by influential U.S. magazine Consumer Reports despite the brand's emissions-cheating scandal while quality problems hurt Tesla Motors Inc's Model S luxury car. Audi was followed by Fuji Heavy Industries' Subaru unit, Toyota Motor Corp's Lexus brand, Porsche and BMW AG . Volkswagen AG's Audi unit was named best overall brand, based on the magazine's road testing, reliability,

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Audi tops U.S. Consumer Reports vehicle ratings as Tesla falls

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Toyota recalling 2.9 million vehicles globally over seatbelt issue

February 18, 2016 by · Leave a Comment 

Toyota Motor Corp said on Thursday it is conducting a global recall of 2.87 million vehicles due to the possibility that their seatbelts could be damaged by a metal seat frame part in the event of a crash. In an email, the world's biggest-selling automaker said that the global …

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Toyota recalling 2.9 million vehicles globally over seatbelt issue

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Nissan joins automakers dropping Takata air bag inflators

November 7, 2015 by · Leave a Comment 

Nissan Motor Co said on Saturday it will not use air bag inflators made by Japanese auto parts supplier Takata Corp in its cars. Nissan joins most major automakers, including Toyota Motor

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Nissan joins automakers dropping Takata air bag inflators