Trade News

TOKYO -- Japan is seeking an Interpol "Red Notice" for Carole Ghosn, the wife of Carlos Ghosn, the latest move by the country to put pressure on the former auto executive after his surprise escape from trial.

Investigators have asked Interpol for the notice, which could restrict Carole Ghosn’s movements outside of Lebanon, where she joined her husband, national broadcaster NHK reported, citing unidentified sources.

Representatives for Japan’s Ministry of Justice and prosecutors declined to comment on the report. Interpol didn’t respond to a request seeking comment.

Interpol has already issued a Red Notice for Carlos Ghosn at the request of the Japanese government. If one is granted for Carole, it would make it difficult for her to leave the Lebanon, although, as Interpol stresses, "a Red Notice is an international wanted persons notice, but it is not an arrest warrant."

Ghosn, the former chairman of Renault and Nissan, made his way to Beirut at th…

Fiat Chrysler Automobiles' Belvidere assembly plant near Chicago will be temporarily idled for two weeks starting Monday as the company aligns production with demand.

Normal output at the factory, which assembles the Jeep Cherokee, will resume the week of Jan. 27, the company said Thursday.

U.S. sales of the Cherokee, Jeep's No. 3 seller after the Grand Cherokee and Wrangler, fell 20 percent last year to 191,397. Demand slid 30 percent in the fourth quarter.

FCA had 53,000 units of the Cherokee in inventory on Jan. 1, the Automotive News Data Center estimates, or a 97-day supply, up from a 91-day supply on Dec. 1.

FCA invested $350 million in the plant, starting in 2016, to produce the Cherokee, which was moved from Toledo, Ohio. Cherokee production began in Belvidere in June 2017.

The plant also briefly shut down in August to match production with demand, according to the Rockford Register Star. About 1,400 people were laid off at the fact…

Toyota Motor Manufacturing Kentucky began production of the 2020 RAV4 Hybrid crossover this week.

The RAV4 Hybrid had its best sales year to date in 2019 at 92,525, up 92.3 percent from 2018.

The plant in Georgetown, Ky., Toyota's largest in the world, is known for producing the Toyota Camry and now builds four electrified vehicles, including the Avalon Hybrid, Camry Hybrid and Lexus ES 300h, Toyota said in a release.

"We are excited to see the past nine months of preparation come to life with the completion of our first Kentucky-built 2020 RAV4 Hybrid," TMMK President Susan Elkington said in a statement.

Toyota's global goal by 2025 is to offer an electrified option -- hybrid, plug-in, fuel cell or battery-electric -- on all Toyota and Lexus models.

TMMK has more than 8,000 full-time employees and more than 9 million square feet of floor space.

On this episode:-U.S. Transportation Secretary Elaine Chao discusses the new “AV 4.0” guidance.-Flir’s Frank Pennisi on the company’s thermal cameras for driver-assistance and autonomous-driving systems.-Highlights from the Showstoppers and Digital Experience! events at CES.

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Chinese automotive glass supplier Fuyao is spending $46 million to expand production and r&d at a plant in Ohio, adding 100 jobs.

The investment includes outlays for r&d as well as purchasing equipment to help produce more aftermarket automotive glass for companies such as Safelite, based in Columbus, Ohio. The company also will acquire an additional 161,000 square feet at the Moraine, Ohio, site, a former General Motors factory near Dayton.

The Fuyao factory was the subject of a 2019 Netflix documentary, American Factory. The film tracks how, in 2014, the plant that GM had closed in 2008 was reopened as a glass factory by Fuyao to supply automakers.

It became the largest investment in Ohio by a Chinese company.

The latest investment will boost employment at the plant to 2,400, the Dayton Business Journal reported.

Volvo Car Corp.’s China sales jumped nearly 19 percent in 2019 as demand for luxury vehicles remained robust despite a protracted market downturn. 

Volvo delivered 154,961 cars and light trucks in China last year, accounting for roughly 22 percent of the brand’s global volume. 

The latest tally was lower than two other global luxury brands -- Cadillac and Lexus. 

Cadillac’s China sales rose 3.9 percent to 213,717 in 2019 while Lexus’ local deliveries surged 25 percent to 200,521, according to GM and Lexus’s China office.

Audi, Mercedes-Benz and BMW remained the largest luxury automotive brands in China last year. 

Audi’s China sales rose 4.2 percent to 688,888, according to Volkswagen Group’s joint venture with China FAW Group Corp. 

Mercedes-Benz and BMW haven’t disclosed China volumes for 2019.

In the first 11 months of 2019, Mercedes sales increased 6.3 percent to 640,933, while aggregate sales of B…

Sales at BYD Co., China’s largest electrified-vehicle maker, slumped for the sixth straight month in December after Beijing slashed subsidies for electric vehicles and plug-in hybrids in June.

BYD’s December deliveries fell 38 percent to 43,179 as weak demand for its electrified products eclipsed increased sales of gasoline vehicles. 

Deliveries of gasoline vehicles jumped 31 percent to 30,080 last month. But sales of EVs and plug-in hybrids plunged 72 percent to 13,099, according to numbers BYD disclosed this week. 

BYD’s vehicle deliveries totaled 461,399 for all of 2019, a decline of 11 percent from a year earlier. 

The company’s 2019 sales of EVs and plug-in hybrids dropped 7.4 percent to 229,506 while deliveries of gasoline vehicles declined 15 percent to 231,893. 

Beijing, fulfilling a pledge to phase out subsidies for electrified vehicles at the end of 2020, cut subsidies for EVs by more than 60 percent and halved…

Avison Young Releases Its Spring 2019 Global Industrial Market Report: Strong demand and tight supply define industrial property sector in markets around the world.