LONDON (AFP) - Lotus have set their sights on a top-three finish in this year's Formula One (F1) world championship after becoming the first team to unveil their car for the forthcoming campaign.
WASHINGTON (AFP) - Toyota announced on Wednesday a recall of 11,200 Scion iQ cars in the United States to fix a problem that could cause airbags and seat belts to malfunction.
(REUTERS) - Hyundai Motor Co and its affiliate Kia Motors Corp stand to lose about US$100 million (S$123 million) because of their plan to fund fuel purchases of owners who bought vehicles whose fuel economy was exaggerated by the automakers, Moody's Investors Service said.
BANGKOK (AP) - Nissan Motor Co. says it is investing US$358 million (S$437 million) to build a new plant in Thailand to increase its production capacity and boost its growth in the South-east Asian region.
DETROIT (AP) - Japanese brands are the top performers in Consumer Reports' annual rankings of vehicle reliability.
TOKYO (AP) - Toyota is shrugging off a sales plunge in China set off by a territorial dispute and says it is headed to a record year on the back of strong growth in the rest of Asia and the United States.
TOKYO (REUTERS) - Nissan Motor plans to spend about 30 billion yen (S$460 million) on a new plant in Thailand in 2014 to diversify production in the wake of anti-Japanese demonstrations in China last month, the Nikkei business daily said on Wednesday.
SYDNEY (THE STAR/ASIA NEWS NETWORK) - The latest Proton model has revved its way into the overseas market in Down Under.
SAO PAULO (REUTERS) - German automaker BMW plans to invest 800 million Brazilian reais (S$482 million) to build a new assembly plant in Brazil, sources with direct knowledge of the project told Reuters on Friday.
YOKOSUKA, Japan (AP) - Electronically managed steering that completely bypasses the mechanical link of a clutch is among the new safety technology from Japanese automaker Nissan.