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Volkswagen AG

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  • SAO PAULO, July 6- Auto production in Brazil tumbled in June to the lowest level since January 2009, putting more jobs at risk in the country's fragile car industry and undermining hopes for an economic recovery. Brazil is one of the world's five biggest auto markets and a major base of operations for Fiat Chrysler Automobiles NV, Volkswagen AG, General Motors Co...

  • *Company to invest in producing Jeep in India. *India to be No. 3 car market by 2020- IHS Automotive. NEW DELHI, July 1- Fiat Chrysler will invest $280 million to begin Jeep production in India from 2017 through an expanded joint venture with Tata Motors, the carmaker said on Wednesday.

  • Jaguar XJ flagship is distinctive luxury style Wednesday, 1 Jul 2015 | 11:29 AM ET

    An odd thing happened as Americans' taste for luxury vehicles grew in recent years: Jaguar, the venerable British marquee, struggled to gain traction. In fact, U.S. sales of Jaguar's flagship sedan, the XJ, are on pace for their slowest year since 2010.. In contrast, BMW and Audi use singular control dials and Lexus has a movable cursor, both of which can be faster to...

  • DETROIT— Newer cars aren't supposed to need more oil between oil changes, but Consumer Reports found that some engines— mainly from Audi, BMW and Subaru— require an extra quart as often as once a month. In an annual survey of car owners, significant numbers reported what the magazine considered to be excessive oil consumption. "The companies should be willing to step...

  • *Osamu Suzuki to remain CEO, chairman. TOKYO, June 30- Suzuki Motor Corp's 85- year-old CEO Osamu Suzuki named his eldest son as the new president of Japan's fourth-biggest automaker, easing investor concerns over the firm's succession plan and boosting the company's shares by more than 5 percent. Suzuki Motor on Tuesday also laid out financial targets under a...

  • MOUNTAIN VIEW, Calif., June 25- Two self-driving prototype cars, one operated by Google Inc and the other by Delphi Automotive Plc, had a close call on a Silicon Valley street earlier this week, a Delphi executive told Reuters on Thursday. The incident occurred Tuesday on San Antonio Road in Palo Alto, said John Absmeier, director of Delphi's Silicon Valley lab and...

  • PALO ALTO, Calif./ DETROIT, June 23- Ford Motor Co is joining other global automakers in stepping up efforts to roll out self-driving cars, company executives said on Tuesday. Ford has lagged behind competitors, notably General Motors Co, Volkswagen AG's Audi, Daimler AG's Mercedes-Benz and Tesla Motors Inc, which have all announced plans to begin offering...

  • MILAN, June 23- Fiat Chrysler Automobiles will launch the first of a new range of Alfa Romeo cars on Wednesday, the lynchpin of its turnaround plan and potentially an opportunity to attract a cash-rich merger partner. Chief Executive Sergio Marchionne is betting on the 105- year-old Alfa brand to help FCA take on German rivals BMW, Audi and Mercedes-Benz in the...

  • MILAN, June 23- Fiat Chrysler Automobiles will launch the first of a new range of Alfa Romeo cars on Wednesday, the lynchpin of its turnaround plan and potentially an opportunity to attract a cash-rich merger partner. Chief Executive Sergio Marchionne is betting on the 105- year-old Alfa brand to help FCA take on German rivals BMW, Audi and Mercedes-Benz in the...

  • DETROIT/ BERLIN, June 19- Volkswagen AG expects "limited growth" in the United States over the next two years and will focus on defending the market share it has, the top executive for the region told Reuters, suggesting the German automaker will fall short of an ambitious 2018 sales target. VW's U.S. chief, Michael Horn, downplayed the importance of hitting annual U.S....

  • *Daimler closing profitability gap with BMW, Audi. Markus Schaefer said in an interview the analysis was at the heart of the luxury carmaker's drive to improve productivity, and in turn boost profit margins in its battle with German rivals BMW and Audi. In the first quarter of 2015, it made a return on sales of 9.2 percent, only just below the 9.5 and 9.7 percent at BMW...

  • BERLIN/ FRANKFURT, June 15- Volkswagen's corporate structure will be overhauled into a decentralised system with four holding companies in a bid to boost profits at Europe's largest carmarker, three VW sources said on Monday. VW's top management may cede power by setting up the holding companies: one for mass market car brands, one for trucks and two divisions...

  • UPDATE 1-Volkswagen group sales fall for second month Friday, 12 Jun 2015 | 12:57 PM ET

    *January-May sales in China down 1.1 pct. FRANKFURT, June 12- Volkswagen group sales fell for a second month in May and at a faster pace than in April, highlighting the German carmaker's difficulties in weak emerging markets. Deliveries at the 12- brand group, including luxury division Audi and sports-car maker Porsche, slid by 2.6 percent to 858,000 vehicles in...

  • *Mercedes discounts in China flat despite price competition. MUNICH/ STUTTGART, Germany, June 11- German carmaker Daimler said on Thursday it will step up cost-cutting efforts as it wants to see its premium Mercedes-Benz brand catch up with more profitable rivals Audi and BMW. Zetsche has been slimming down Daimler to try and make it more efficient since...

  • Marco Rubio's struggles with personal finances Tuesday, 9 Jun 2015 | 7:56 AM ET
    Sen. Marco Rubio.

    Among 2016 contenders, Marco Rubio stands out for his youth, his meteoric rise—and for persistent doubts about his financial management, The New York Times says.

  • SAO PAULO, June 8- Brazil's auto industry is expecting this year's downturn to be its worst since 1998, according to estimates on Monday by national automakers association Anfavea, which slashed its 2015 outlook for the second time in two months. President Dilma Rousseff has also withdrawn subsidies in a recent austerity push, deepening the industry's crisis...

  • Brazil auto production falls 3.4 pct in May Monday, 8 Jun 2015 | 10:25 AM ET

    Brazil is one of the world's five biggest auto markets and a major base of operations for Fiat Chrysler Automobiles NV, Volkswagen AG, General Motors Co and Ford Motor Co..

  • WOLFSBURG, Germany, June 3- Volkswagen needs to come up with a new structure before thinking about appointing a permanent chairman, the powerful labour chief at Europe's biggest carmaker said in an interview. For the first time in more than two decades, Volkswagen no longer has Ferdinand Piech at the helm, a corporate scion who controlled the balance of power...

  • European ends higher after ECB holds rates Wednesday, 3 Jun 2015 | 11:30 AM ET
    A police officer stands next to a security barrier topped with barbed wire outside the European Central Bank (ECB) headquarters as the inauguration ceremony for the new building takes place in Frankfurt, Germany, on Wednesday, March 18, 2015. Anti-austerity protesters seeking to spoil the inauguration of the European Central Bank's new headquarters in Frankfurt's east end set vehicles alight, erected barricades and left a trail of destruction across the city.

    European equities closed higher on Wednesday after the European Central Bank (ECB) held its key interest rates unchanged.

  • TORONTO/ VANCOUVER, June 2- New car and truck sales in Canada hit a record high in May, with Chrysler leading the pack as the top-selling carmaker for the month and bolstered by strong demand for luxury vehicles, according to data released on Tuesday. Auto sales were up 1.1 percent, with 197,937 cars and light trucks sold in Canada, industry data showed.