Russia, Japan, Turkey warn of tariff retaliation against U.S.
Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminum, the World Trade Organization said on Tuesday, bringing the total U.S. tariff bill to around $3.5 billion annually.
Nissan seeking better terms in Renault merger talks, report says
As Nissan and Renault discuss ways -- including a possible merger -- to strengthen their ties, Nissan is resisting a combination unless the company gains more clout in key areas, Bloomberg reported.
Hyundai overhaul plan gets more opposition
Two influential proxy advisers joined Elliott Management in opposing a nearly $9 billion deal between two Hyundai Motor Group units.
Japan's automakers face a problem recruiting women engineers
Japan's automakers, facing the worst labor shortage in decades, have seen the light: hire more women. The problem is they're all having the same epiphany at the same time.
GM Korea expects to turn profit in 2019, plans 2 new vehicles
General Motors' South Korean unit reiterated on Friday that it should return to profitability by 2019 and that it will invest $2.8 billion in a new, small SUV as well as a crossover for the local market and for export.
GM Korea rescue calls for stake lock-in, regional HQ
GM will stay in South Korea for at least 10 years and set up its Asia-Pacific headquarters in the country, according to terms of the deal rescuing the struggling unit.
S. Korea says deal to ensure GM will stay in country for at least 10 years
South Korea said that an impending deal with General Motors to refinance its local unit will ensure the automaker remains in the country for at least 10 years, as its rights to sell shares and assets will be curtailed.
GM to provide loans to Korean unit, government bank to receive shares, reports say
General Motors' planned cash infusion to rescue its South Korean business will be in the form of loans, while Korea Development Bank will receive preference shares for its $750 million investment in GM Korea, two sources familiar with the matter said told Reuters.
Aisin Seiki quarterly profit rises 2.6%
Diversified Japanese auto supplier Aisin Seiki's operating profit rose nearly 3 percent to $641 million in the fiscal fourth quarter that ended March 31.
GM, South Korea to invest $4.35 billion in troubled unit
General Motors and South Korea agreed to inject $4.35 billion into the company's unprofitable local arm to keep it afloat after it came close to seeking bankruptcy protection.
GM Korea, union reach tentative wage deal to avert bankruptcy
GM's South Korean unit said that it has reached a tentative wage deal with its labor union, meeting a key condition laid down by the automaker to prevent it filing for bankruptcy.
Activist investor turns up heat on Hyundai
Activist hedge fund Elliott Management dismissed Hyundai Motor Group's restructuring plan as insufficient on Monday and called on the South Korean conglomerate to adopt a holding company strategy and appoint more independent board members.
Nissan to launch 8 electrified vehicles in Japan by 2022
Nissan aims to stoke sales in Japan by launching eight electrified vehicles and overhauling its dealer network over the next five years.
GM Korea, union fail to reach wage deal
GM's South Korean unit and its labor union failed to reach a wage deal after another round of talks that sought to avert a bankruptcy filing for the unprofitable operation. Talks will continue over the weekend.
As GM mulls options, how does bankruptcy work in S.Korea?
GM's Korean unit has warned that it would file for bankruptcy if there isn't a restructuring deal by Friday, as the operation is running out of cash to pay employees and suppliers amid slumping sales. A look at how South Korea's court-managed bankruptcy protection procedures work.
GM Korea, union fall short of deal before deadline
Wage talks between GM's South Korean unit and its labor union ended without an agreement on Thursday, a day before the deadline the company has set for filing for bankruptcy.
South Korea minister: GM's local unit needs to survive on own in long term
South Korea's finance minister said that public funds could be used to support GM Korea only if it was clear that the business could survive on its own long term.