The rising preference for foreign cars is boosting overall industry sales but presenting increased challenges for local automakers. Due to the depreciation of the yen and euro, imported vehicles have become more price competitive, and now account for a 37% market share. Luxury brands have been doing particularly well. While auto sales this year are…

Volkswagen will recall nearly 18,000 cars in Taiwan affected by the company’s diesel emissions scandal from January 1, the German automaker’s Taiwan branch announced in November. News of the scandal broke in September when the U.S. Environmental Protection Agency (EPA) revealed that diesel-powered Volkswagen cars sold in the United States were equipped with illegal software…

Taiwan is banking hard on biopharma, and investments that were made in previous decades are now close to bearing fruit. Flush with cash and success, some of Taiwan’s most renowned biopharma firms are on the cusp of bringing to market first-in-class, breakthrough drugs targeting some of humanity’s worst scourges, such as AIDS, cancer, and hepatitis….