Hyundai dealers in China seek up to $135 million in compensationWed, 20, Jul 2016
A group of Hyundai dealers in China is seeking 800 million-900 million yuan ($120 million-135 million) in compensation from the South Korean automaker, saying Hyundai has cut the flow of models it exports to them, resulting in dealership losses and closures.
China lifts stake caps on foreign motorcycle, battery manufacturersWed, 20, Jul 2016
China’s central government said it’ll exempt foreign makers of motorcycles and batteries from ownership limits in their manufacturing operations, revising a key industrial policy just as rulemakers consider similar measures for car companies.
China bans highway testing of autonomous cars pending regulationTue, 19, Jul 2016
China's auto-industry regulator warned automakers not to test self-driving vehicles on highways before it formulates rules governing the testing of autonomous cars.
Uber logs 2 billion rides 6 months after hitting first billionMon, 18, Jul 2016
Uber has completed more than 2 billion trips on its app, a milestone that arrives just weeks after the ride service added another $4.7 billion to its war chest.
Samsung seeks stake in China's BYD to boost chip businessThu, 14, Jul 2016
Samsung Electronics said it was in talks to acquire a stake in Chinese automaker BYD, a move it said would help the South Korean electronics giant boost its chip business for electric vehicles.
Johnson Controls pays $14.4 million to end SEC bribery probeTue, 12, Jul 2016
Johnson Controls agreed to pay $14.4 million to settle U.S. regulatory charges that its workers bribed Chinese shipbuilders and shipyards, including some owned by the Chinese government, to win business and enrich themselves.
Daimler lures exec from Citroen to lead digital sales unit at MercedesMon, 11, Jul 2016
Daimler AG has hired a former Citroen executive to run a new department focused on technology sales and marketing as the automaker looks to beef up its digital presence at Mercedes-Benz.
China's BAIC launches exports to MexicoSun, 10, Jul 2016
China's BAIC Motor started selling cars imported from China in Mexico and aims to reach 5,000 sales a year by 2018. BAIC, a unit of Beijing Automotive Group, joins a host of global automakers who have set up operations in Mexico to access markets in the U.S. and Latin America. It sold its first car in Mexico last month.
China auto sales growth accelerates on rising crossover, SUV demandFri, 08, Jul 2016
China’s passenger-vehicle sales expanded at a faster pace in the first half as rising demand for crossovers, SUVs and new-energy vehicles widened the nation’s lead as the world’s biggest auto market.
Mazda issues Takata airbag recall after demand from Chinese regulatorsWed, 06, Jul 2016
Mazda's Chinese joint venture will recall 74,310 of its Mazda2 sedans in China to replace Takata airbags after an investigation by the country's safety regulator.
China may lift cap on foreign carmaker stakes in JVsMon, 27, Jun 2016
China's government is considering the removal of caps on stakes foreign carmakers can own in joint ventures with local partners, potentially loosening a policy criticized for shielding state-owned companies from competition and building their own brands.