SHANGHAI: Honda Motor Co Ltd and its two local joint ventures sold 58,398 automobiles in China in April, down 3.6 percent from a year earlier, the Japanese automaker said on Thursday. That follows a 2 percent year-on-year fall in March and a 27.6 percent rise in February. The company's sales in the first four months of the year came to 222,408 vehicles, up 10.7 percent from the same period a year earlier. Honda will double the number of car models it ...

TOKYO: Toyota booked a record $17.9 billion annual net profit on Thursday, driven by a recovery in major markets and the weaker yen, but the world’s biggest automaker cautioned that earnings growth would stall this year. Japanese car companies have been big winners over the past year as a sharp drop in the yen inflated their repatriated profits, while sales accelerated in key markets including the US and China. Toyota’s buoyant results unde ...

TOKYO: Toyota Motor Corp faces stalling growth this fiscal year as the export-boosting tailwind that it and other Japanese carmakers have received from the yen's sharp depreciation over the past 18 months gradually blows itself out. For President Akio Toyoda, the quieter year in prospect offers a different challenge to the major events that have marked his five years in charge, like the massive recalls of 2010, Japan's 2011 tsunami and the boycott of Japa ...

ROME: Shares in Italian-American auto giant Fiat Chrysler Automobiles were down more than 8.0 percent on Wednesday after the group announced losses of 319 million euros ($444 million) in the first quarter. Stock in the company, which will take on its new name once the merger between Italy's Fiat and US brand Chrysler is completed, fell 8.32 percent by 0930 GMT on the Milan stock exchange in the first hours of trading. The market overall was down 0.91 pe ...

LONDON: British new car registrations in April rose 8.2 percent compared with a year earlier, the Society of Motor Manufacturers and Traders said on Wednesday. Registrations totalled 176,820 units, the SMMT said. It also revised up its 2014 forecast to more than 2.4 million registrations from a previous forecast of 2.3 million.

The second award ceremony of the 8th Annual Toyota Dream Car Art Contest was held in Karachi. The Toyota Dream Car Art Contest is a global Toyota Motor Corporation (TMC) initiative held every year among schoolchildren, worldwide. The purpose behind this initiative is to promote art and to create opportunities for children to express their creative imagination through art by drawing a “Future Dream Car”. The event hosted 3,257 entries from scho ...

LAHORE - The last of the three award ceremonies of the 8th Annual Toyota Dream Car Art Contest was held in Lahore on Wednesday. The event aims to promote art and to create opportunities for children to express their creative imagination through art by drawing a “Future Dream Car”. Over 6,887 entries were received from schools in the central region of Pakistan. Besides a large number of schools, special children from vocational schools also partic ...

ISTANBUL: Turkey's total vehicle sales shrunk by 27.6 percent in April to 53,305 vehicles, data from the automotive distributors' association showed on Tuesday. Vehicle sales dropped in the first four months by 25.5 percent year-on-year to 168,577.

FRANKFURT: New car registrations in Germany, a key measure of demand in one of the most crucial sectors of Europe's top economy, fell in April, data showed on Monday. A total 274,097 new cars were registered last month, a drop of 3.6 percent compared with the same month in 2013, according to data compiled by the federal automobile agency, KBA. In March, new registrations had risen by 5.4 percent. German carmakers had the biggest share of overall sal ...

KARACHI:  The auto industry’s bus manufacturing units are operating at a record low level of less than 3 percent of their installed capacity. As a result, plants have produced a mere 630 units of buses in the first three quarters of the current fiscal year against the total annual production ability of 26,150 units – the rambling import policy of the government is a major contributing factor to this. According to the latest data of the E ...