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  • Ford shuts doors of Belgium's Genk plant Thursday, 18 Dec 2014 | 8:00 AM ET

    *Production to move to Valencia, Spain. GENK, Belgium, Dec 18- Ford Motor Company produced the last car at its plant in Genk, Belgium, on Thursday, closing the site which produced some 14 million vehicles over the past 50 years. The company decided in late 2012 to shut the factory which employed some 4,000 people and to relocate production of new models to Valencia, Spain.

  • Russia's "difficult" rate hike approved by Putin Tuesday, 16 Dec 2014 | 7:12 AM ET

    *Central Bank governor under pressure. MOSCOW, Dec 16- Late on Monday night Russia's central bank governor wrung out an agreement with her officials to impose the country's biggest rate hike since the financial crisis of 1998-- with the approval of President Vladimir Putin. His ratings are at an all-time high following the annexation of Ukraine's Crimea, but...

  • DETROIT, Dec 15- The president of the United Auto Workers union on Monday called the National Labor Relations Board's recent decisions to allow employees to use company email to organize and unions to hold faster elections to represent workers "the right thing to do." "It made all the sense in the world," Dennis Williams told reporters at the union's headquarters in...

  • Volvo to launch online car sales in marketing shift Monday, 15 Dec 2014 | 12:00 AM ET

    PARIS, Dec 15- Volvo Car Corp said it will start selling vehicles online as it rolls out new models to compete with German luxury rivals such as BMW. "The plan is to have all our car lines in all our markets offered digitally," Volvo sales chief Alain Visser said in an interview. But Volvo has assured its 2,000 global dealerships, half of which are in Europe, that it has no...

  • SHANGHAI, Dec 13- China could overtake Germany and Italy to become the biggest market for Daimler AG's mini car brand Smart in a few years, Smart chief executive Annette Winkler said on Saturday. "When we started, many people doubted that Smart could be a success here, because normally, luxury, premium cars in China is about big cars," Winkler told reporters in Shanghai,...

  • BERLIN, Dec 12- Sales growth at Volkswagen, Europe's biggest carmaker, was the slowest for 15 months in November as declining demand in the Americas offset gains in Europe and China. The German group, whose brands include the luxury Audi marque and its core VW passenger-car division, said on Friday deliveries edged up 0.7 percent last month compared with the same...

  • *Hong Kong stock market debut set for Dec 19. HONG KONG, Dec 12- Chinese automaker BAIC Motor Corp Ltd, part-owned by Germany's Daimler AG, is set to raise about $1.42 billion in an initial public offering in Hong Kong, people with knowledge of the deal said on Friday. The price would be just above the mid-point of a HK $7.60 to HK $9.80 marketing range, putting the total...

  • UPDATE 1-Tesla says China unit head Wu resigns Friday, 12 Dec 2014 | 4:03 AM ET

    SHANGHAI, Dec 12- U.S. electric car maker Tesla Motors Inc said on Friday its China president, Veronica Wu, has resigned, without giving a reason for her departure. China's green vehicle market has attracted global players including Volkswagen AG, Nissan Motor Co Ltd and BMW. In August, the California- based company and mobile phone network operator China Unicom...

  • Roomiest Subaru Legacy debuts for 2015 Wednesday, 10 Dec 2014 | 11:33 AM ET

    Traction-improving all-wheel drive comes standard on the mid-size Legacy, which has a starting retail price of $22,490. Many other cars with all-wheel drive are from luxury brands such as Audi and BMW and carry much higher price tags. The new Legacy, which has a roomier and quieter interior than its predecessor, is a recommended buy of Consumer Reports magazine.

  • UPDATE 1-BMW outsells Audi and Mercedes but lead narrows Wednesday, 10 Dec 2014 | 4:46 AM ET

    BERLIN, Dec 10- Carmaker BMW has racked up its highest-ever November sales, beating Audi and Mercedes-Benz, but the two German rivals remain on course to narrow BMW's lead in the global luxury car market. By comparison, Volkswagen's flagship Audi division sold 146,250 models, reporting an 11 percent gain on year-ago levels, while Daimler AG's Mercedes-Benz...

  • Dec 9- The United Auto Workers union said on Tuesday it will train workers at Volkswagen AG's plant in Chattanooga, Tennessee, in an effort to form a U.S. version of a German-style works council, while continuing to push for collective bargaining rights at the factory. Under a new agreement with the German company announced in November, unions that can prove...

  • BMW gets new CEO; another BMW exec bails for VW Tuesday, 9 Dec 2014 | 5:00 AM ET

    The biggest news: Luxury carmaker BMW AG said its chief executive, Norbert Reithofer, was leaving his post to become board chairman. Volkswagen poached a top BMW executive— who was immediately seen as a potential successor to VW boss Martin Winterkorn. —Reithofer will become chairman of the board of directors at BMW's shareholder meeting on May 13.

  • DETROIT, Dec 8- The United Auto Workers gained a partial and unconventional recognition from Volkswagen AG after proving to the company that it represents at least 45 percent of workers at the company's plant in Chattanooga, Tennessee, a company spokesman said on Monday. The union on Monday said membership at its Local 42 in Chattanooga "exceeds a majority of...

  • *Five-seat concept crossover to feature at Detroit- sources. BERLIN, Dec 8- Volkswagen will present a sport-utility concept vehicle in the United States next month, intended to increase its range in the lucrative crossover segment and boost sales in the world's second-biggest car market, company sources said. A five-seat variant of the seven-passenger SUV the...

  • WOLFSBURG, Germany, Dec 4- Volkswagen will hand more power to brand managers and regional bosses, its labor leader told Reuters, as Europe's biggest carmaker looks to address underperformance in markets such as the United States and Brazil. Bernd Osterloh, head of the German group's works council, also said in an interview he expected Chief Executive Martin...

  • DETROIT, Dec 1- The United Auto Workers union said on Monday it will press managers of the Daimler AG's Mercedes-Benz assembly plant in Alabama to respect the right of workers to discuss organizing a local union while on the factory floor. "It's unfortunate that Mercedes-Benz had to be ordered to simply allow workers to discuss their right to organize," said Kirk...

  • DETROIT, Dec 1- The United Auto Workers union said on Monday it will press managers of the Daimler AG's Mercedes-Benz assembly plant in Alabama to respect the right of workers to discuss organizing a local union while on the factory floor. "It's unfortunate that Mercedes-Benz had to be ordered to simply allow workers to discuss their right to organize," said Kirk...

  • *Performance division sees strong demand from US, China. AMG sales may jump by more than a quarter to more than 40,000 vehicles this year alone, especially due to demand from the United States and China, division chief Tobias Moers said on Thursday. The AMG unit's high-performance cars, including Mercedes's top-of-the-line GT model unveiled in September, cast a...

  • FRANKFURT, Nov 22- SGL Group, the materials supplier for carbon fibre reinforced parts in BMW's electric cars, is in talks with several other carmakers to supply carbon fibre for a wider range of automotive components, its chief executive said. He added the mooted new supply contracts were not as big as the BMW venture. Uncertainty remains over the success of BMW "i"...

  • FRANKFURT, Nov 21- Volkswagen AG is to invest 85.6 billion euros in its automotive operations over the next five years on foreign expansion, models and technology to back its quest for global leadership, even as it carries out an austerity drive. Analysts at Evercore ISI said: "As expected, VW's five-year capex planning has not become a victim of the company's...