Business / Auto Global

Nissan could sacrifice market share for profit

[2014-02-11 15:17]

Japan's second-largest carmaker by global sales volume aims for operating profit equivalent to 8 percent of revenue.

Nissan to invest more than $200m in Myanmar

[2014-02-11 15:14]

Nissan will invest more than $200 million for an auto factory construction project to be built on 100 acres of land in the Bago Region.

Aston Martin says no added cost to recall

[2014-02-10 16:29]

The sports car recall would not result in a material added cost beyond its previous estimate of $2.45 million.

Mercedes-Benz starts new year with strong sales

[2014-02-06 09:20]

German luxury carmaker starts 2014 with record sales figures for January, with the surge boosted by robust demands from China.

Fiat to present small Jeep SUV in March, 500X in Oct

[2014-02-01 13:00]

Jeep-branded SUV is set to be presented at the Geneva car show in March while its 500X crossover vehicle.

Chrysler sets price guidance on $2b refinancing loan

[2014-01-30 14:08]

Chrysler Group set pricing guidance on a $2 billion term loan as part of a $4.7 billion refinancing of the company's VEBA Trust note.

Toyota to curb Japan output in April as tax hike

[2014-01-29 15:35]

Toyota Motor Corp plans to curb daily vehicle output in Japan by 15 percent in April from a year earlier as it adjusts for a dampening of demand from a national sales tax rise.

Fiat HQ move risks political pain for tax gain

[2014-01-28 16:37]

Fiat boss Sergio Marchionne is about to unveil his next trick: moving the group's 115-year-old headquarters out of Italy.

Workers urge VW to build new model at Hanover plant

[2014-01-28 15:52]

Workers at Volkswagen's Hanover assembly plant are demanding the carmaker build a new model at the site to safeguard jobs as it may lose an order for Porsche's Panamera.

Tata Motors top executive dies from fall in Thailand

[2014-01-28 15:38]

Karl Slym, managing director of India's biggest automaker, died after falling from a hotel room in Bangkok in what police said on Monday may have been suicide.

Tavares could take helm of Peugeot in March: sources

[2014-01-27 17:15]

Carlos Tavares could take over as chief executive of PSA Peugeot Citroen PEUP.PAP in March, two sources close to the situation said.

New GM CEO Barra vows to 'accelerate'

[2014-01-24 15:57]

General Motors Co's new chief executive, Mary Barra, said she has no plans to deviate from predecessor Dan Akerson's strategy.

Hyundai woes linger as strong won, home slump hit earnings

[2014-01-24 15:52]

Hyundai Motor posted its first year-on-year fall in quarterly revenue in nearly three years, hit by a stronger local currency and slumping sales.

Minicars fare worst in vehicle frontal crash test: report

[2014-01-23 16:01]

Minicars such as the Fiat 500 and Honda Fit performed worse than any other vehicle segment in a frontal crash test.

VW's labor chief says US operations a 'disaster'

[2014-01-23 15:56]

VW's top labor representative called for more models and swift decisions to revive the group's declining fortunes in US.

Tesla, Deutsche Bahn team up on electric car charging stations

[2014-01-22 14:28]

Electric carmaker Tesla Motors and rail operator Deutsche Bahn opened four new charging stations along key autobahn routes.

Highlights of European Motor Show Brussels 2014

[2014-01-22 11:50]

The annual European Motor Show Brussels 2014, which lasts until Jan 26, is expecting around 600,000 visitors this year.

Renault sales buck Europe slump, gain in emerging markets

[2014-01-22 11:30]

Renault's global sales rose 3.1 percent to 2.63 million vehicles in 2013, the French carmaker said, buoyed by gains in Russia and emerging markets.

Fiat completes buyout of US carmaker Chrysler

[2014-01-22 09:48]

The Italian group maks the US business a wholly-owned subsidiary as it gears up to use their combined resources to turn around its loss-making operations in Europe.

Toyota may rethink Thai investment plans

[2014-01-21 14:05]

Toyota Motor Corp may reconsider investing up to 20 billion baht ($609 million) in Thailand, and could even cut production.

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