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  • SAO PAULO, March 30- Volkswagen AG has furloughed 4,200 workers at its second largest factory in Brazil for three weeks, a local union said on Monday, as disappearing demand forces carmakers in the country to manage excess capacity. As exports to Argentina have plunged and demand in Brazil hits its worst downturn in over a decade, VW is cutting a shift at the Taubate...

  • Volvo Cars plans to open its first US plant Monday, 30 Mar 2015 | 12:58 PM ET

    The $500 million plant will be Volvo's first car plant in North America. Volvo has been owned by Chinese automaker Geely Holding since 2010. It currently has two plants in Europe and two in China. Volvo CEO Hakan Samuelsson said the decision to open a U.S. plant highlights Volvo's long-term commitment to the U.S. market.

  • SAO PAULO, March 30- Volkswagen AG has furloughed 4,200 workers at its second largest factory in Brazil for three weeks, a local union said on Monday, as a demand crisis forces domestic carmakers to manage excess capacity. As exports to Argentina have plunged and demand in Brazil hits its worst downturn in over a decade, VW is cutting a shift at the Taubate plant and...

  • NEW YORK, March 30- Ford Motor Co will resurrect the Lincoln Continental as its top-of-the line luxury sedan, betting the classic name will help rebuild the brand's image in the United States and China. Ford's Lincoln will unveil a prototype of the future Continental sedan on Monday ahead of the April 3-12 New York auto show, which will feature many of the...

  • Volvo is in advanced talks with several U.S. states and will announce a location within weeks, Chief Executive Hakan Samuelsson said in embargoed comments made before the announcement. The plant will serve export markets as well as the United States, where Volvo is aiming for a return to annual sales of 100,000 vehicles. The choice of the United States over...

  • FRANKFURT, March 27- German carmaker Mercedes-Benz plans to launch a mid-sized pickup truck, expanding its premium brand into a lower-priced bracket in a bid to narrow the sales gap with arch rival BMW. The Mercedes pickup will initially target customers in Latin America, South Africa, Australia and Europe, and no decision has been made about whether to launch...

  • Company officials say they expect the new Malibu to deliver $1,500 a car more profit than its predecessors. To win over skeptical consumers, GM's ads for the new Malibu will tout the car's quality, styling, fuel-efficiency, and a myriad of safety and connectivity features. GM's sales goals for the Malibu are important, because the car is a key piece of GM Chief...

  • Toyota: Both hands back on the wheel after recall spinout Thursday, 26 Mar 2015 | 12:32 AM ET

    TOYOTA, Japan— Toyota Motor Corp. is ready to ramp up its growth again, emerging from an intentional soul-searching lull brought on by its massive global recall scandal that began in 2009.. "It is making our effort to come out with ever better cars increasingly difficult," he told reporters at headquarters in Toyota city, central Japan. He pointed to how President...

  • DETROIT, March 24- Global automakers are readying a new generation of mass-market electric cars with more than double the driving range of today's Nissan Leaf, betting that technical breakthroughs by big battery suppliers such as LG Chem Ltd will jump-start demand and pull them abreast of Tesla Motors Inc.. At least four major automakers- General Motors Co,...

  • NEW YORK, March 24- When the president of Audi of America hits the road, most of his business journeys are more than a car trip away. Scott Keogh, who is based in Herndon, Virginia, travels regularly for work and has one favorite destination: Geneva. "Beyond the charm of what I consider one of Europe's finest cities, the sheer beauty of the Swiss landscape is breathtaking,"...

  • DETROIT, March 23- General Motors Co and Ford Motor Co have much higher labor costs than their cross-town rival Fiat Chrysler, according to a new study released just ahead of a meeting of United Auto Workers officials as they prepare for contract talks with the Detroit Three. Ford Motor Co's hourly labor costs were $57, just behind GM's at $58.

  • MEXICO CITY, March 23- General Motors Co will build its next-generation Chevrolet Cruze small car in Mexico, the company said on Monday. It is the first time the Cruze will be made in Mexico, according to a GM spokeswoman in Mexico, and production will be mainly for the domestic market. The Cruze is currently imported to Mexico from GM's plant in South Korea, she said.

  • General Motors Co auto workers make on average 21 percent more than their counterparts at Fiat Chrysler Automobiles, a study of 2014 labor costs by the Center for Automotive Research shows. Ford Motor Co is right behind GM at $57 per hour, CAR said. Germany's Daimler AG workers at its plant in Alabama make the most per hour among U.S. auto workers, at an average of $65,...

  • SHANGHAI, March 20- Jaguar Land Rover Ltd on Friday said it is recalling nearly 36,500 Range Rover Evoque sport utility vehicles, after local media reported the British luxury carmaker used faulty gearboxes. Jaguar Land Rover earlier apologised for gearbox issues via its microblog after being criticised by state television on Sunday along with peers...

  • Electrolux uses motor industry ideas in productivity push Thursday, 19 Mar 2015 | 11:02 AM ET

    *30 pct of production remains in Europe, North America. The Swedish group has called an end to major plant moves out of Europe and North America. American CEO Keith McLoughlin is using modularisation, a motor industry technique that has come late to home appliances, and Electrolux has recruited from the likes of Volkswagen AG.

  • General Motors beats a retreat out of Russia Wednesday, 18 Mar 2015 | 9:06 AM ET

    MOSCOW— General Motors will slash production in Russia and pull its mass-market Opel brand completely in the face of plummeting sales in the economically troubled country. Opel will leave the Russian market by December, with Chevrolet production cut back significantly to focus on top-end products such as the Corvette sports car and Tahoe SUV, which are...

  • NEW DELHI, March 17- Hyundai Motor Co's India unit expects a 13 percent increase in sales in the country in 2015, helped by strong demand for compact cars and utility vehicles, a top company official said on Tuesday. South Korea's largest automaker is forecasting sales of 465,000 cars in India this year, while maintaining exports at about 200,000 units, said...

  • *BMW's record sales driven by new ranges. FRANKFURT, March 17- For years, record sales of high-performance sports cars meant big profits at BMW that could fund incentives and investment in technology to meet the EU's fuel efficiency rules. But BMW's conundrum is shared by Mercedes and Audi.

  • SHANGHAI, March 15- Car makers, including Volkswagen AG, Nissan Motor Co and Daimler AG's Mercedes Benz, said they are probing allegations aired late on Sunday by Chinese state TV that the firms oversold repairs and spare parts to drivers. China is the world's top auto market, and media criticism can dent reputations and drag on sales. iPhone maker Apple Inc made a...

  • BUSINESS-NEWS-SCHEDULE AT 2000 GMT / 4 PM ET Sunday, 15 Mar 2015 | 4:23 PM ET

    March 15- Editor: Christian Plumb+ 1 646 223 6200. BUENOS AIRES- Argentina's economy may be stagnant but the capital city Buenos Aires is looking better than it has in years, boosting the popularity of its mayor as he prepares to run for president in October. LOS ANGELES- "Cinderella" enchants audiences this weekend, racking up a royal $70.1 million to lead the domestic...