Long associated with glitz, bravado and lavish spending, Formula One has also delivered a boost to revenues and dictated consumer tastes, according to the cars' manufacturers.» Read More
*Car companies spend more on research and development. FRANKFURT, March 13- The car industry's international patent filings jumped 18 percent in 2013, the World Intellectual Property Organisation said on Thursday, in part reflecting a push for new technologies to lower exhaust emissions.
March 5- United Parcel Service Inc is spending $70 million to add 1,000 propane trucks to its delivery fleet, the biggest bulk purchase of propane-fired vehicles yet as output of the fuel in the United States hits record highs.
Asian stocks were mostly higher Wednesday, boosted by overnight gains on Wall Street and unveiling of China's official 2014 GDP growth target.
Despite recent poor U.S. auto sales, Daimler has managed to grow because of the "unbelievable" reception of its new models, Daimler chairman Dieter Zetsche tells CNBC.
Dieter Zetsche, Daimler chairman tells CNBC that the group expects a "decent" European recovery this year and says the ECB has struck "the right balance."
WASHINGTON, Feb 25- U.S. electric luxury car Tesla Model S was named by Consumer Reports magazine on Tuesday as its overall top pick for 2014, while Japanese models took just five of the top 10 spots, their worst showing in the 18- year history of the annual rankings.
WASHINGTON, Feb 25- U.S. electric luxury car Tesla Model S was named by Consumer Reports magazine on Tuesday as its overall top pick for 2014, while Japanese models took five spots in the annual rankings, their worst showing in the 18- year history of the ratings.
The CEO of BlackBerry has told CNBC that the value of its BBM messaging service comes from its high level of engagement.
FRANKFURT, Feb 21- Daimler AG has. The maker of Mercedes-Benz limousines said it will only compare itself with companies that have an investment-grade credit rating, a major shift which means it can no longer measure performance against weaker firms like France's Renault SA and Italy's Fiat SpA.
Under new rules for measuring Daimler's performance in 2014, Renault SA and Fiat SpA would drop out because their credit rating is below investment grade, and Volvo Cars would be excluded because it is unlisted, it said.
A conservative group that helped defeat an organizing campaign will take its anti-union fight to other auto plants in the South, its leaders said.
CHATTANOOGA, Tenn., Feb 14- In a stinging defeat that could accelerate the decades-long decline of the United Auto Workers, Volkswagen AG workers voted against union representation at a Chattanooga, Tennessee plant, which had been seen as organized labor's best chance to expand in the U.S.
CAMBRIDGE, Md./ CHATTANOOGA, Tenn., Feb 14- P resident Barack Obama on Friday waded into a high-stakes union vote at Volkswagen AG's plant in Tennessee, accusing Republican politicians who oppose unionization of being more concerned about German shareholders than U.S. workers.
CHATTANOOGA, Tenn., Feb 11- If the United Auto Workers wins this week's historic election at Volkswagen's three-year-old Chattanooga factory, the union could use the victory as a springboard to organize other foreign-owned plants in the South and revive its waning influence on the U.S. labor movement.
Aston Martin recalled its sports cars. It sheds light on automakers getting automobiles key parts from China without implementing quality measures.
SHENZHEN, China/ PARIS, Feb 11- Aston Martin's sweeping recall of its high-end sports cars last week raises larger questions about the risk to global automakers of sourcing key parts thousands of miles away in China without implementing adequate quality control measures.
DETROIT, Feb 6- Aston Martin said on Thursday its expanded recall of accelerator pedals in 17,590 sports cars would not result in a material added cost beyond its previous estimate of 1.5 million British pounds. Aston Martin's owners include Italian private equity fund Investindustrial, Kuwait- based Adeem Investment and Prime Wagon.
Dieter Zetsche, chairman at Daimler, comments on the group's earnings and says sales and profit should "grow significantly" in 2014 due to product launches and improved margins.
Volvo posted a smaller-than-expected rise in fourth-quarter core earnings and unveiled plans to cut 4,400 jobs in its quest to boost profits.
Aston Martin is recalling most of its cars built since 2007 after discovering a Chinese supplier was using counterfeit plastic in a part.