German car maker Volkswagen's business is falling short of expectations in Russia, its CEO told CNBC at the Auto China show on Sunday.» Read More
BEIJING— The president of General Motors said Sunday that the company and local partners are boosting production capacity for GM-brand vehicles in China to 5 million. General Motors Co. and its Chinese partners are in the midst of what the company has said is a $12 billion investment program through 2017..
Volkswagen will keep adding capacity in China as the German group is counting on double-digit growth in the biggest auto market.
CNBC's Phil LeBeau reports Volkswagen has issued a "stop sale" order on certain models of Passats, Jettas, Beetles, and Beetle convertibles, due to a potential fire hazard.
European shares closed higher on Wednesday, following a rebound led by the auto sector, after the heavy selling seen at the start of the week.
The Alliance of Automobile Manufacturers and Tesla have petitioned to permit manufacturers to replace mirrors with digital cameras.
Labor unions, blamed for the financial woes of other car companies, actually helped save Ford Motor, Bill Ford tells CNBC.
Obama tells the EU to take politically difficult steps to develop their own resources tor reduce reliance on Russia.
All 2014 model year 911 GT3 sports cars are affected. Owners have been told to stop driving them because they could catch fire.
Car sales in Europe continued to show strong growth in February, posting a 7.6 percent increase from the same period in 2013, according to an industry body.
Japan's Nikon was stung at the weekend by criticism from China's state broadcaster CCTV for selling defective products and poor customer service.
SHANGHAI, March 14- Waning popularity and a wounded reputation are likely to dull the edge of China's consumer day TV expose when it airs on Saturday, offering some relief for companies that have in the past taken pains to avoid any fallout from the once-a-year show.
March 13- Three anti-union Volkswagen workers have sued the German automaker and the United Auto Workers in U.S. court, alleging that they improperly colluded in the run-up to a union election in Tennessee that the UAW lost.
By 2017, global carmakers will be set up to build 6 million vehicles a year in Brazil even as local sales may struggle to pass 4 million, analysts say. "Everyone jumped on the bandwagon," said IHS Automotive analyst Guido Vildozo, citing oversized ambitions in Brazil after sales averaged 10 percent growth in the past decade.
March 13- Three anti-union Volkswagen workers have sued the German automaker and the United Auto Workers in a U.S. court, alleging that VW and the union improperly colluded in the run-up to a union election in Tennessee that the UAW lost.
BERLIN, March 13- German automaker Volkswagen will reinforce steps to boost earnings in coming years as its long-planned target to increase sales to over 10 million cars a year is almost met.
*BMW Q4 automotive EBIT 1.77 bln euros vs 1.68 bln forecast. The investment drive, which includes the launch of the i3 electric vehicle and the next generation of the Mini, will help BMW increase sales again this year in the face of stiff competition from rivals Audi and Mercedes-Benz.
BERLIN, March 13- German carmaker Volkswagen expects to sell more than 10 million vehicles across its multi-brand group this year, aiming to hit a long-running target four years earlier than previously planned.
-Anti-union Volkswagen workers will get a chance to defend the results of a mid-February union election that the United Auto Workers lost at a Chattanooga, Tennessee VW plant, the U.S.
National Labor Relations Board has decided that anti-union Volkswagen workers can defend the results of a mid-February union election that the United Auto Workers lost at a Chattanooga, Tennessee VW plant.
*Mercedes to shrink sales gap to Audi- IHS. INGOLSTADT, Germany, March 11- German luxury carmaker Audi, source of nearly half of Volkswagen's profits, expects another drop in operating earnings this year as it invests in new models and foreign expansion in a bid to catch up with sales at luxury rival BMW.