• Honda recalls 553,000 vehicles in China to fix Takata airbags

    2018-07-27
    SHANGHAI -- Honda Motor Co. two Chinese joint ventures are recalling 553,000 vehicles to fix potentially defective airbabs made by Takata Corp., underscoring the global reach of the safety crisis after similar campaigns in the U.S., Canada and Japan.Guangqi Honda, one of its Chinese joint ventures, will recall 527,136 Accords produced from May 2002...
  • FAW bribe scandal underscores need for Beijing to dump mandatory JVs for foreign automakers

    2018-07-27
    SHANGHAI -- Beijing renewed a rule this month that foreign automakers seeking to build vehicles in China must form joint ventures with local companies.But allegations of rampant bribery at China FAW Group Corp.'s joint venture with Volkswagen should provide an urgent wake-up call to the government to abandon the rule.The government had hoped state-...
  • Changan, China's top domestic carmaker, must beware of reckless expansion

    2018-07-27
    SHANGHAI -- Unlike some state-owned carmakers, China Changan Automobile Group Co. is not content to live off the profits of its lucrative joint venture with a foreign partner.Changan has worked aggressively to design and sell its own products, and this year its passenger vehicle sales have surpassed all other Chinese brands.But success breeds overc...
  • SRG to open 2nd China auto parts factory

    2018-07-27
    SRG Global Inc., a U.S. supplier of molded and chrome-plated auto parts, plans to open its second plant in China, an injection molding, plating and painting operation in Hubei province.The company, headquartered in suburban Detroit, said the 23,000-square-meter plant will open in early 2016.In addition to injection molding, the new plant will inclu...