Hino Motors, Ltd. will be slashing its stake in GAC Hino, a joint venture between Hino and China's Guangzhou Automobile Group Co., Ltd., Nikkei reported on Thursday.
According to the media outlet, Hino will drastically cut its stake from its current 50% to only 4.83%.
Hino has reportedly shown concerns...
Tesla Inc.'s deliveries in China in the month of June amounted to 93,680 units, according to preliminary data released by the China Passenger Car Association (CPCA) on Tuesday.
Tesla took second place in deliveries in China and was beaten by BYD Co. Ltd., with the latter's deliveries standing at...
Hino Motors Ltd and Mitsubishi Fuso Truck and Bus Corp, owned by Daimler, will merge their businesses, the Japanese daily Yomiuri reported on Tuesday.
The announcement follows a fiscal year plagued by irregularities at Hino Motors after problems were discovered in the performance testing...
Stellantis NV announced Monday that it is terminating its joint venture with Chinese carmaker GAC "due to a lack of progress."
"Stellantis intends to cooperate with GAC Group in an orderly termination of the joint venture formed in March 2010, which has been loss-making in recent years, and will...
Toyota Motor Corporation announced on Friday that its worldwide sales in 2021 increased by 10.1% in comparison to the previous year to come in at 10,495,548 units.
The vehicles sold under Toyota's brand gained 10.6% on an annual level to reach 9,615,157. Daihatsu sold 725,179 units, which is...
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