NEW YORK - China's demand for luxury cars used to move in one direction - up. Now, the prospect of a sustained slump in Chinese demand, prompted by sharp declines in Chinese equity markets and a devaluation of the yuan, has global auto manufacturers scrambling to find new markets to sell goods.
NEW DELHI - Leading global carmakers are reviewing their blueprint for India to boost sales and avoid more painful cutbacks, after struggling to win over consumers even as the market swings to growth and dominant local players begin to raise prices.
TOKYO - Toyota Motor Corp said on Saturday its operations near the Chinese port of Tianjin will remain shut at least through Wednesday due to safety concerns as fires continue to break out at the site of last week's deadly chemical explosions.
NEW DELHI - Carmaker Tata Motors Ltd said on Friday 'many' of the 5,800 Jaguar and Land Rover vehicles it had at Tianjin port in China were likely to have been damaged in the recent chemical explosion that killed more than a hundred people.
TOKYO - Toyota Motor Corp, in a bid to reduce its risk from potentially lethal air-bag inflators supplied by Takata Corp, will buy millions of them from smaller parts maker Nippon Kayaku Co, people familiar with the matter said.