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Business - Mitsubishi Motors to invest $600 million in Indonesian car factory


Japan`s Mitsubishi Motors Corp will invest $600 million to set up its first multi-purpose vehicle factory in Indonesia, aiming to capitalise on strong demand for the segment in the country as well as to export to other markets in Asia. Multi-purpose vehicles or MPVs accounted for more than half the 1.23 million cars sold in Indonesia in 2013. The assembly plant is expected to start production in 2017 and will help Mitsubishi Motors to raise its annual production capacity in Indonesia to 240,000 vehicles from 160,000 currently, Mitsubishi Motors Chief Executive Osamu Masuko told reporters in Jakarta. Mitsubishi Motors expects to export 20,000 MPVs per year to other countries, mainly Thailand, the Philippines and Vietnam.


Tuesday, September 16, 2014  06:32

Yahoo

Sports - Reuters Sports Schedule at 1400 GMT on Sunday, Sept 21


Reuters sports schedule at 1400 GMT on Sunday: - - - - MOTOR RACING Formula One: Singapore Grand Prix Hamilton takes Formula One lead after Singapore victory SINGAPORE - Britain`s Lewis Hamilton has won the SingaporeGrand Prix for Mercedes and taken the championship lead after aretirement for team mate Nico Rosberg (MOTOR RACING-PRIX/ (PIX,TV), moved, updates to follow, by Patrick Johnston and JohnO`Brien, 500 words) - - - - SOCCER Premier League (1500 unless stated) Leicester City v Manchester United (1230) Tottenham Hotspur v West Bromwich Albion (1230) Everton v Crystal Palace Manchester ...


Sunday, September 21, 2014  15:26

Yahoo

Business - Toyota recalling 20,000 late-model vehicles on potential fuel leak


DETROIT (Reuters) - Toyota Motor Corp said on Thursday it will recall about 20,000 vehicles worldwide for possible fuel leaks. Most of the affected vehicles are in the United States but were also shipped to other countries, Toyota said. Toyota Motor Sales USA said the recall involves vehicles with its 2GR-FE engine. The recall includes the 2015 model year Lexus RX, and four 2014 model year Toyota vehicles: Avalon, Camry, Highlander and Sienna. Lexus is Toyota`s luxury brand. ...


Thursday, September 18, 2014  18:25

Yahoo

Business - Suzuki Motor to recall 453,000 minivehicles in Japan


TOKYO (Reuters) - Suzuki Motor Corp on Thursday issued a recall of 453,225 minivehicles in Japan to fix a defect in the blower fan motor of the air-conditioning unit that has resulted in three fires so far. Subject to the recall are 407,878 Every microvans and 45,347 Mazda Scrum models manufactured between August 2005 and March 2010, according to a filing with the transport ministry. Suzuki makes the Scrum under an original equipment manufacturing (OEM) deal for Mazda Motor Corp . Minivehicles, which have an engine displacement of up to 660cc, are only sold in Japan. ...


Thursday, September 18, 2014  07:06

Yahoo

Business - Exclusive: Hyundai directors kept in dark on size of $10 billion land bid - sources


By Hyunjoo Jin SEOUL (Reuters) - Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters. Thursday`s winning bid for the land sent shares in Hyundai Motor, Kia Motors and Hyundai Mobis plunging, wiping out $8 billion in shareholder value, and sparked howls of protest from investors, rekindling worries about corporate governance at South Korea`s conglomerates, or chaebol. ...


Saturday, September 20, 2014  12:16

Yahoo

Business - Exclusive - Hyundai directors kept in dark on size of $10 billion land bid: sources


By Hyunjoo Jin SEOUL (Reuters) - Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters. Thursday`s winning bid for the land sent shares in Hyundai Motor, Kia Motors and Hyundai Mobis plunging, wiping out $8 billion in shareholder value, and sparked howls of protest from investors, rekindling worries about corporate governance at South Korea`s conglomerates, or chaebol. ...


Saturday, September 20, 2014  07:29

Yahoo

Business - Deaths linked to GM ignition-switch defect rise to 21


By Jessica Dye (Reuters) - The number of deaths linked to a faulty ignition switch in General Motors Co vehicles rose by two last week to 21, according to a report Monday from a lawyer overseeing a program to compensate victims of accidents caused by the recalled part. Since Aug. 1, 675 claims for serious injuries or deaths said to have been caused by the switch had been received by the program, which is being overseen by lawyer Kenneth Feinberg. ...


Monday, September 22, 2014  18:29

BBC

America - GM recalls cars over brake defect


American car giant General Motors recalls more than 220,000 vehicles, mainly in the US and Canada, due to a brake defect.


Sunday, September 21, 2014  22:55

Yahoo

Business - General Motors recalls cars over parking brake fire risk


WASHINGTON (Reuters) - U.S. car manufacturer General Motors Co is recalling hundreds of thousands of cars over a defect in the parking brake that could cause a fire, a letter by the top U.S. auto safety regulator showed. The problem occurred with GM`s 2013-2015 Cadillac XTS and the 2014-2015 Chevrolet Impala, said the Sept. 19 letter from the National Highway Traffic Safety Administration (NHTSA), seen by Reuters. The total number of cars recalled was 221,558, the company said, including 205,309 in the United States, and the remainder in Canada and other countries. ...


Sunday, September 21, 2014  17:31

Yahoo

Business - U.S. judge orders discovery to begin in some GM ignition switch cases


By Jessica Dye (Reuters) - A federal judge in Manhattan on Friday ordered discovery to begin for some cases filed against General Motors Co in connection with its recall of millions of cars for a faulty ignition switch. U.S. District Judge Jesse Furman in the Southern District of New York said plaintiffs could begin requesting documents from the company related to accidents, injuries and lost vehicle value linked to the switch that allegedly occurred after GM emerged from bankruptcy in 2009. ...


Friday, September 19, 2014  20:43

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