Asian stocks declined on Wednesday following a weak handover from Wall Street and as investors showed little reaction to news of a U.S. budget deal.» Read More
Machinists in Washington hope that a new contract offer to Boeing will lead the company to decide to build the new 777X plane in the Seattle area.
*Jakarta chief increases driving costs to slow demand. Automakers, including Toyota Motor Corp, Honda Motor Co and Nissan Motor Co and Daihatsu Motor Co, have spent at least $3 billion this year on a new line of low-cost, green car models aimed at millions of Indonesians now looking to scale up from two wheels to four, government officials said.
PARIS/ HONG KONG, Dec 5- Renault has won approval from Beijing authorities to begin Chinese production in a $1.3 billion joint venture with Dongfeng Motor Group, the carmakers said on Thursday. The 50-50 partnership "will allow Renault to deploy its ambitious strategy in the world's largest automotive market", the French company said in a statement.
PARIS, Dec 5- Renault has received a green light from Beijing authorities to begin Chinese car production in a $1.3 billion joint venture with Dongfeng Motor Group, the carmakers said on Thursday.
DETROIT, Dec 4- Mitsubishi Motors Corp has cut the price of its i-MiEV subcompact electric car in the United States by 20 percent for the 2014 model year, joining the parade of automakers who have lowered EV prices to boost demand.
TORONTO, Dec 3- Ford Motor Co's Canadian arm maintained its spot as the country's best selling brand, data released on Tuesday showed, as growing demand for trucks helped power a sixth consecutive monthly record for Canadian vehicle sales in November.
Still considered America's richest union, it has had troubles in recent years, including slumping membership and stalled organizing efforts.
DETROIT, Dec 3- Aggressive discounting and the continued popularity of big pickup trucks helped propel November vehicle sales well past expectations, with the three Detroit automakers and two of Japan's top three reporting year-to-year increases on Tuesday.
Pickup trucks continued to drive a resurgence in auto sales in November as the Big Three Detroit automakers all exceeded analysts' expectations.
Credit advanced electronics for making the latest safety technology not only possible but increasingly affordable.
The surge of GM shares comes as the Federal government is about to finish selling its GM stake, and is a day executives have been waiting for.
TOKYO, Nov 29- Japan's Nikkei average was nearly flat on Friday morning after hitting an almost six-year closing high the previous day as investors locked in profits from recent gains in exporters, while shippers outperformed on the back of stronger freight charges. The Nikkei is still within sight of a 5-1/ 2 year peak of 15,942.60 marked on May 23.
*Renault sees Russian market growing next year. BOULOGNE-BILLANCOURT, France, Nov 28- R enault- Nissan will build a second engine with Russian partner AvtoVAZ and aims to overcome a decline in Lada sales in a market set to overtake Germany within two years, Renault's regional boss said on Thursday.
DETROIT, Nov 26- U.S. auto sales are expected to finish the year at a fast pace, with demand possibly at its highest in November, but Wall Street remains worried the industry could return to overly generous incentives that would eat into profits.
The board of directors says an IPO will not be practicable this year.
*Carlos Tavares to join Jan.1, replace Varin later in 2014. PARIS, Nov 25- PSA Peugeot Citroen named former Renault No.2 Carlos Tavares as its next chief executive on Monday, in a move that may help to secure new funding from Chinese partner Dongfeng.
*Peugeot to brief unions on Tavares appointment- sources. PARIS, Nov 25- PSA Peugeot Citroen is poised to name former Renault No.2 Carlos Tavares as its next chief executive, sources with knowledge of the matter said, in a move that may help to secure new funding from Chinese partner Dongfeng.
PARIS/ BEIJING, Nov 23- PSA Peugeot Citroen is interviewing candidates to replace Chief Executive Philippe Varin, after Chinese partner Dongfeng said a deeper alliance under negotiation should be accompanied by management change, sources with knowledge of the matter said.
GUANGZHOU/ BEIJING, Nov 22- German auto giants Volkswagen AG, BMW and Daimler see China's future as being electric- encouraged by generous government subsidies- but that bet puts them at odds with some of their Asian rivals. One of the most ambitious in betting on electric cars in China, the world's largest auto market, is Volkswagen.
As Chinese demand for cars increased, Toyota, Honda and Nissan missed the party, crashing its combined shares of the China market. The FT reports.