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  • BELMONT, Calif., July 29- Volkswagen AG, the world's No. 1 automaker, will offer automatic braking and other crash avoidance systems as standard or optional features on most 2016 models sold in the United States beginning later this year, the company said on Wednesday. VW overtook Toyota Motor Corp as the world's largest carmaker by sales in the first half year,...

  • *To restructure and downsize India operations. *To stop production at one of two plants in India. NEW DELHI, July 29- General Motors Co said on Wednesday it will invest $1 billion over the next few years to turn India into a global export hub, even as it cuts production capacity in the country due to sluggish demand.

  • *To launch 10 new India- made vehicles over next 5 years. NEW DELHI, July 29- General Motors Co will invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said on Wednesday. But by 2020 analysts expect India to become the world's third-largest passenger...

  • China auto sales slump hits industry fortunes Wednesday, 29 Jul 2015 | 4:09 AM ET

    BEIJING— General Motors Co.' s $5 billion initiative to create cars for China and other emerging markets comes just as automakers face a collapse in the booming Chinese demand they were counting on to power their growth. On Wednesday, Volkswagen AG said its second-quarter profit fell 16 percent due partly to weakness in China, where first-half sales fell 0.5...

  • TOKYO— Nissan's April-June profit jumped 36 percent as the Japanese automaker benefited from a cheap yen and better sales in the U.S. and Europe. Nissan stuck to its forecast for a 485 billion yen annual profit. "Given our on-going product offensive, the benefits of our alliance strategy and continued cost discipline, Nissan is on track to deliver its full-year...

  • More broadly, it faces headwinds from troubled economies in China, Russia and Brazil. China has been a key source of sales growth for German car makers but economic growth there has been slowing. VW sales in China fell by 0.5 percent in the first half of the year.

  • Sales were robust in Europe and North America but fell in China, usually a strong market for the company. Detroit- based General Motors Corp., the top-selling automaker for more than seven decades until being surpassed by Toyota in 2008, finished third at 4.86 million, down 1.2 percent from a year ago. In the first half, Toyota's sales grew in U.S., Mexico and China.

  • DETROIT, July 28- General Motors Co said on Tuesday it will invest $5 billion over the next several years to develop with its Chinese partner a new family of Chevrolet vehicles aimed at fast-growing emerging markets, in the process offering investors a fresh rationale for rejecting a merger with Fiat Chrysler Automobiles NV. GM and SAIC will engineer Chevrolet...

  • VW's Audi aims to raise China sales with revamped A4 Monday, 27 Jul 2015 | 4:03 AM ET

    BERLIN, July 27- Audi hopes that the redesigned top-selling A4 saloon will shore up its fortunes in China where the premium brand is grappling with dwindling sales and a leadership change. Volkswagen's flagship division will court Chinese buyers with a lighter and more fuel-efficient version of the A4, which last year added a fifth to Audi's global output of...

  • FRANKFURT, July 23- Daimler's second-quarter operating profit jumped 54 percent to a record high, as sales of trucks and new luxury car model launches helped it defy a slowdown in China, where German rivals are struggling to maintain momentum. Daimler sales have lagged those of Audi and BMW in the world's biggest car market, but recent steps to take its...

  • FRANKFURT, July 23- Daimler's second-quarter operating profit jumped 54 percent to a record high, as sales of trucks and a new luxury car model launches helped it defy a slowdown in China, where German rivals are struggling to maintain momentum. Daimler sales have lagged those of Audi and BMW in the world's biggest car market, but a recent renaissance of the...

  • *Toyota could wait until 2018 or later to build Lexus in China. BEIJING, July 22- Toyota Motor Corp will likely delay building its premium Lexus brand in China for at least a few years, as growth in China's auto market slows to a crawl and a weak yen makes it cheaper to keep making cars in Japan. Toyota wants to focus on strengthening the Lexus brand in China and...

  • FRANKFURT/ BERLIN, July 21- Germany's premium car makers are close to a deal to buy Nokia's HERE map business for between 2.5 billion and 3 billion euros, but a final agreement hinges on the question of who owns the patents which help self-driving cars talk to mobile networks, two sources familiar with the deal told Reuters on Tuesday. The purchase of HERE, which has...

  • MUMBAI, July 21- Indian IT services provider Infosys Ltd on Tuesday said a business revamp initiated by its first non-founder boss helped it win more large deals in the first quarter, fuelling a 5 percent rise in net profit. Infosys, a bellwether for India's $150 billion IT services industry, has in recent years struggled to innovate and retain market share due to a...

  • VW, GM shudder as China profit engine sputters Thursday, 16 Jul 2015 | 5:31 PM ET

    Both Volkswagen and GM are heavily exposed to China, which remains a growth market, but last week cut its 2015 forecast for vehicle sales. Barclays downgraded GM's stock to "equal weight" from "overweight" on Thursday, saying it was likely to face the sharpest of the China headwinds among the U.S. autos and auto part makers it covers. GM made 40 percent of its net income...

  • *Mazda's China sales grew 17 pct in H1 vs market's 1.4 pct. "Other cars are either too round or stocky, but the CX-5 has more of a flowing character," said Nanjing office worker Xu Duo, 27, who bought Mazda's sport utility vehicle last year. Yet Mazda logged its best-ever first half at 17 percent, boosted by sales of the CX-5 as well as sedans Axela and Atenza.

  • Looks like Trump can pick some stocks Thursday, 16 Jul 2015 | 12:08 PM ET
    Republican Presidential candidate Donald Trump addresses supporters during a rally at the Phoenix Convention Center on July 11, 2015.

    A news release revealing Donald Trump's finances also discloses his successes at investing in stocks.

  • Europe closes higher after ECB gives Greece hope Thursday, 16 Jul 2015 | 11:30 AM ET

    Europe finished higher on Thursday after Greece's parliament approved Prime Minister Tsipras' reforms plan and the ECB extended its emergency funding.

  • A blue-collar Buffett who turned 10K into millions Wednesday, 15 Jul 2015 | 2:59 PM ET
    Muse Concrete Contractors cement truck.

    Growing up poor with little opportunity didn't stop Boyce Muse from building a $20M concrete empire. His advice for aspiring entrepreneurs.

  • *Porsche, labour agree on steps to safeguard jobs. BERLIN, July 15- German sports carmaker Porsche will spend 1.1 billion euros through 2020 to upgrade its main production and research sites for more models. Volkswagen-owned Porsche is building a new engine plant and body shop at its core factory in Zuffenhausen, in southern Germany, which will take over...