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  • Volkswagen CEO stands by cautious outlook Monday, 2 Mar 2015 | 4:50 PM ET

    GENEVA— The CEO of Volkswagen AG is staying with his cautious outlook for this year, saying it's a "balanced statement" based on growth in the U.S., Europe and China versus trouble spots such as Russia and Brazil. "We very much see the global trouble spots- Russia, Ukraine, and also the weak markets in Brazil- but we also see that markets in Europe are growing again, that...

  • SAO PAULO, Feb 27- The leader of a truth commission investigating abuses during Brazil's 1964-85 military dictatorship lambasted German automaker Volkswagen AG at a hearing on Friday for providing what he called "unsatisfactory" testimony regarding its alleged ties with the regime. In a contentious, nearly three hour-long session, Sao Paulo state...

  • Volkswagen profits up 20 percent for full year Friday, 27 Feb 2015 | 9:41 AM ET

    Volkswagen warned that economic trends in Latin America and Eastern Europe could affect its commercial vehicles and power engineering businesses. Russia's economy appears headed for recession after a sharp drop in the ruble and its recent conflict with Ukraine has undermined business confidence in Eastern Europe. Chief Financial Officer Hans Dieter...

  • Volkswagen, Embraer summoned in Brazil dictatorship probe Thursday, 26 Feb 2015 | 11:46 AM ET

    SAO PAULO, Feb 26- A "truth commission" investigating crimes during Brazil's 1964-1985 military dictatorship has summoned Germany's Volkswagen AG and five local companies to testify whether their collaboration with the regime led to rights abuses. The other companies are Brazilian aircraft maker Embraer SA, industrial firms Grupo Aliperti and Cobrasma SA,...

  • Brand rankings in J.D. Power's vehicle dependability study Wednesday, 25 Feb 2015 | 10:12 AM ET

    J.D. Power on Wednesday released its annual ranking of vehicle dependability. The rankings are based on problems per vehicle as reported by owners of 2012 model year cars and trucks. Here are the rankings, as well as the number of problems reported per 100 vehicles.

  • Looks and exterior design are still the top reasons why people avoid buying a certain model, J.D. Power said. The annual J.D. Power study is one of several that taken together show that certain brands-- Lexus, Toyota and of late, General Motors' Buick and Chevrolet brands-- are getting consistently high marks, while others consistently struggle to get above average...

  • DETROIT, Feb 24- Toyota Motor Corp's Lexus brand finished on top of the Consumer Reports annual "brand report card" for the third straight year, the influential U.S. magazine said on Tuesday. Toyota came in third, followed by Volkswagen AG's Audi from Germany and Fuji Heavy Industries Ltd's Subaru from Japan. Ranking eighth through 10th were namesake brands from...

  • DETROIT— Buick is the first U.S.-based automotive brand to crack the top 10 in Consumer Reports magazine's annual brand report cards. But the brand rankings and top picks still were dominated by Japanese and German manufacturers, with Lexus, Mazda, Toyota, Audi and Subaru taking the top five brand spots. Porsche placed just ahead of Buick at No. 6, while Honda, Kia...

  • DETROIT, Feb 24- Toyota Motor Corp's Lexus brand finished on top of the Consumer Reports annual "brand report card" for the third straight year, the influential U.S. magazine said on Tuesday. Mazda Motor Corp was second and the best finisher among non-luxury brands. Toyota came in third, followed by Volkswagen AG's Audi from Germany and Fuji Heavy Industries Ltd's...

  • A group of workers and supporters at the Faurecia SA seating plant in Cleveland plans a Tuesday march. The union has been trying to organize Nissan Motor Co.' s Canton, Mississippi, plant for years, and lost a 2008 worker vote at a Johnson Controls plant in nearby Madison that French-based Faurecia bought in 2011.. Protesters say Faurecia employees make a top wage...

  • These auto groups are in the fast lane for investors Thursday, 19 Feb 2015 | 9:38 AM ET

    Strong sales, a weaker euro and renewed hopes for the euro zone have helped propel shares in European carmakers to record highs this year.

  • European shares finished higher with investors reacting to a slew of earnings and ongoing negotiations surrounding Greece's bailout program.

  • UPDATE 2-Garmin expects stronger dollar to slow growth Wednesday, 18 Feb 2015 | 9:48 AM ET

    Feb 18- Garmin Ltd, a maker of GPS-based gadgets, said a stronger dollar would slow revenue growth and forecast a profit below market estimates for the full year. Garmin gets a little less than half its revenue from outside the United States, primarily from Europe, Middle East and Africa. Garmin forecast revenue of about $2.9 billion and pro forma earnings of about...

  • DETROIT, Feb 16- Volkswagen AG said on Monday it had recognized a new group called the American Council of Employees to represent workers at its auto assembly plant in Chattanooga, Tennessee, in addition to the United Auto Workers. Sean Moss, president of the ACE, said an advantage of his group is that it is locally based. The UAW is based in Detroit, but it says that its...

  • DETROIT, Feb 16- Volkswagen AG said on Monday it had recognized a new group called the American Council of Employees to represent workers at its auto assembly plant in Chattanooga, Tennessee, in addition to the United Auto Workers. The ACE is an alternative to and has campaigned against the UAW union, which a year ago this week lost an election to be the sole...

  • *Car technology now a focus for Silicon Valley. FRANKFURT/ SAN FRANCISCO, Feb 14- Technology giant Apple is looking beyond mobile devices to learn how to make a self-driving electric car, and is talking to experts at carmakers and automotive suppliers, a senior auto industry source familiar with the discussions said on Saturday. The Cupertino, California- based...

  • MEXICO CITY/ WASHINGTON, Feb 12- Grappling with tumbling auto sales and weak economic growth, Brazil wants to renew an auto quota pact with Mexico that is set to expire in March, a move that could stoke trade tensions. Another source said Brazil wants a broader treaty with Mexico that would allow free trade between the two Latin American peers in areas where...

  • MEXICO CITY/ BRASILIA, Feb 12- Grappling with tumbling auto sales and weak economic growth, Brazil wants to derail a pact that would allow unlimited imports of cars from Mexico, sources familiar with the situation say, in a move that could stoke trade tensions between Latin America's largest economies. Another source said Brazil wants a broader treaty with...

  • NEW YORK, Feb 12- How far does electric car maker Tesla Motors Inc have to go to reach its goal of matching Apple Inc's current market value? Tesla CEO Elon Musk surprised analysts on the company's earnings call on Wednesday by saying that his company could be worth $700 billion by 2025. That is roughly the same size as Apple Inc, the most valuable company in the...

  • Feb 11- Canadian fuel cell maker Ballard Power Systems Inc's shares soared 63 percent after it said Volkswagen AG would pay more than $80 million to buy some patents and extend a service contract. Ballard said on Wednesday it would sell to the German carmaker the automotive-related portion of the fuel cell patents it had bought from United Technologies Corp...