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  • Volkswagen to recall 80,000 Audis; 35,000 in China Saturday, 24 Jan 2015 | 6:00 AM ET

    BEIJING, Jan 24- German car maker Volkswagen AG will recall 80,000 cars from its luxury division Audi due to issues with the fuel injection system, Audi said on Saturday, adding that around 35,000 of the affected vehicles are from China. The cars were made between April 2011 and April 2012, and "in rare cases customers may notice a smell of fuel in affected vehicles,"...

  • Euro plunges, but European brands are not on sale in US Thursday, 22 Jan 2015 | 3:25 PM ET

    NEW YORK— Americans hoping to save on European goods thanks to a falling euro shouldn't rush to uncork that bottle of French Bordeaux. Still, German sports cars, Belgian beers and the latest fashions out of Italy aren't going on sale anytime soon. "The U.S. economy is the one that's doing well in the world right now," notes IHS senior principal economist George...

  • DUBLIN/ FRANKFURT, Jan 22- Business leaders in Europe gave a mixed welcome to the European Central Bank's moves to bolster growth and inflation in the euro area on Thursday, with many- especially in Germany- concerned the programme could delay unpopular economic reforms. "This is a step in the right direction and we'll have to watch and see how it plays out," Swiss...

  • Toyota remains top in global vehicle sales, beats VW, GM Wednesday, 21 Jan 2015 | 12:12 AM ET

    TOKYO— Toyota Motor Corp. stayed at the top in global vehicle sales in 2014, taking that auto industry crown for the third year straight, but was less upbeat about this year. The Japanese automaker sold 10.23 million vehicles, beating out Volkswagen and General Motors. Detroit- based General Motors Co. was third at 9.92 million vehicles, a company record and 2...

  • TOKYO— Toyota stayed top in global sales at 10.23 million vehicles in 2014, taking that auto industry crown for the third year straight. But in the numbers released Wednesday, Toyota Motor Corp. was less upbeat about the future. Volkswagen AG of Germany has said it sold 10.14 million vehicles in 2014. Detroit- based General Motors Co. was third at 9.92 million...

  • TOKYO, Jan 21- Toyota Motor Corp said on Wednesday it expects its vehicle sales to fall slightly in 2015 in a move that could see rival Volkswagen AG steal the industry crown this year. Toyota said it expects 2015 group-wide global sales to fall about 1 percent to 10.15 million vehicles as demand stalls in emerging markets such as China and Indonesia, as well as in...

  • GENEVA/ ZURICH, Jan 20- Retailers are rushing to offer bargains to Swiss shoppers after a shock surge in the franc, taking advantage of lower import costs but also fearful of losing custom to cheaper rivals over the border in France and Germany. The surprise decision to remove that limit has left the currencies virtually at parity, with one euro buying 1.01 francs...

  • Hyundai was among the leaders in every category, ranking number three overall behind Toyota Motor Corp and Robert Bosch. Hyundai, which along with sister company Kia Motor is fifth in global sales, has outperformed the overall auto market thanks to its stylish, yet affordable models, but experts say the duo lacks a technological edge to better compete with...

  • UPDATE 1-European car sales return to growth in 2014 Friday, 16 Jan 2015 | 4:19 AM ET

    FRANKFURT, Jan 16- European Union passenger car registrations rose 5.7 percent in 2014, thanks to government incentives, tax breaks and a consumer shift to cheaper brands like Dacia and Skoda that helped the market to return to growth after six consecutive years of declining sales. An 18 percent rise in demand in Spain and a 9.3 percent increase in...

  • MOSCOW, Jan 15- Forecasts for a more than 24 percent drop in car sales in Russia this year are "optimistic," automakers said on Thursday, suggesting the rouble slump could mean further price rises or the end of foreign imports. Joerg Schreiber, chairman of the AEB Automobile Manufacturers Committee, expected 1.89 million new passenger cars and light commercial...

  • *New Tesco boss brings in experts he knows from Unilever. *BBH produced high profile ads for Levis, Audi, Lynx. Bartle Bogle Hegarty is an award-winning British agency owned by France's Publicis which has worked for consumer brands including Audi, Levi Strauss, British Airways and Johnnie Walker.

  • LONDON, Jan 15- The new boss of Britain's biggest supermarket chain Tesco has drafted in the advertising agency behind some of the world's most famous adverts, BBH, following a disastrous period of profit warnings and an accounting scandal. Bartle Bogle Hegarty is an award-winning British ad agency owned by France's Publicis and is known for creating adverts...

  • Innovation, optimism on display at Detroit auto show Wednesday, 14 Jan 2015 | 5:32 PM ET

    DETROIT— The mood is exuberant at this year's North American International Auto Show. Automakers are flush with profits and the show gleams with performance cars, beefy trucks and exciting experiments, from plug-in hybrids to cars carved by a 3- D printer. And I'm looking at 2015 and saying,' I can't even find a baby black swan,' "said Mike Jackson, CEO of the AutoNation...

  • DETROIT, Jan 14- Internet search company Google Inc has begun discussions with most of the world's top automakers and has assembled a team of traditional and nontraditional suppliers to speed efforts to bring self-driving cars to market by 2020, a Google executive said on Wednesday. They've got a lot to offer, " Chris Urmson, director of Google's self-driving...

  • GM sets company sales record but falls behind Volkswagen Wednesday, 14 Jan 2015 | 3:25 PM ET

    DETROIT— General Motors Co. set a company record last year for global sales, but it was outsold by German automaker Volkswagen AG. Sales rose 14 percent in China and 6 percent in North America, but fell 10 percent in Europe— where GM has begun pulling out the Chevrolet brand— and 15 percent in South America, where sales were hurt by currency fluctuations and other...

  • Google partners with auto suppliers on self-driving car Wednesday, 14 Jan 2015 | 2:02 PM ET

    DETROIT, Jan 14- Internet company Google Inc has begun discussions with most of the world's top automakers and has assembled a team of traditional and nontraditional suppliers to speed up efforts to bring self-driving cars to market by 2020, a top Google executive said on Wednesday. They've got a lot to offer, " Chris Urmson, director of Google's self-driving car...

  • IKEDA, Japan, Jan 14- When Daihatsu Motor Co launched the Mira e: S minicar in 2011, the Toyota affiliate thought it had found a model for emerging markets. The automotive keiretsu system, pioneered by parent Toyota Motor Corp. and widely adopted by rivals, was acclaimed across the world in the 1980 s and 1990 s as an ingredient in Japan Inc's success.

  • A look at the 5 biggest Chinese automakers Tuesday, 13 Jan 2015 | 12:05 AM ET

    A look at some of China's biggest automakers:. —Shanghai Automotive Industries Corp.: State-owned SAIC, China's biggest domestic automaker, exemplifies the successes and failures of the Communist Party's efforts to create competitive Chinese auto brands by decree. —Dongfeng Motor Corp.: State-owned Dongfeng is the local assembler for Honda Motor Co., Nissan...

  • DETROIT/ TOKYO, Jan 12- Toyota Motor Corp is ending a three-year freeze on building new vehicle assembly plants and is looking to open two new assembly plants in China and another in Mexico, four executives familiar with the company's plans said. The Japanese automaker has already completed initial feasibility studies in both China and Mexico, according to...

  • Considered North America's largest trade show, the event is contracted to return to Las Vegas in 2016 and 2017, and space is reserved through 2025, according to the Las Vegas Convention and Visitors Authority. Jeff Chase, vice president of sustainability for Freeman— the show's hired coordinator— said it's been the goal of his company and the Consumer...