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  • BERLIN— Top directors at German carmaker Volkswagen plan to give a two-year contract extension to CEO Martin Winterkorn, who emerged on top of a power struggle this year with company patriarch Ferdinand Piech. But the company has struggled to reduce costs and improve market share in the United States. It now faces slackening demand in China, which is a key source...

  • High-powered backers assemble China's Tesla rival Monday, 31 Aug 2015 | 9:54 PM ET
    Tesla S automobiles

    A group of China-based internet entrepreneurs and financial investors is backing an effort to create NextEV, a new rival to electric car maker Tesla.

  • *Fujitsu outperforms after brokerage rating hike. TOKYO, Aug 31- Japanese stocks skidded on Monday morning, hurt by soft domestic industrial output data and concerns the U.S. Federal Reserve might yet raise interest rates next month even as anxiety over a China- led global economic slowdown persists.

  • TOKYO, Aug 30- Japan's Suzuki Motor Corp said on Sunday it would buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court ordered the German automaker to sell its holding. VW's stake, acquired in January 2010 for 1.7 billion euros, was worth some $3.8 billion at Friday's closing price. Both companies said they welcomed the...

  • BERLIN— Volkswagen AG and Suzuki Motor Corp. say an arbitration tribunal has formally put an end to a failed alliance between the two companies to develop green cars, and Suzuki will buy back the 19.9 percent stake that Volkswagen held. The hybrid and electric car partnership agreed in 2009 never got off the ground and unraveled into a public feud.

  • BUENOS AIRES, Aug 28- Argentina's central bank is reducing the supply of scarce dollars to manufacturers two months ahead of a presidential election to ensure more are available for the nation's savers, hampering the import of parts and disrupting factory production lines. Car factory workers are already working reduced hours as companies grapple with a...

  • German car makers are reviewing how many vehicles to send to China or the U.S., and U.S. dealers say they expect to get more Mercedes, Audi and BMW sport utility vehicles to sell as a result. Most global automakers have significant manufacturing operations in China they want to keep running. Before the market declines and the currency devaluation, demand for SUVs...

  • *Financing more common in China for foreign and luxury brands. BEIJING, Aug 28- When China's central bank singled out auto financing companies for extra help on Tuesday, it effectively freed up more than 200 million yuan for Volkswagen AG's China finance unit, which it can use to boost falling car sales, a top official said on Friday. Volkswagen Finance Co Ltd is...

  • Audi A3 Cabrio provides drivers with low-priced luxury Wednesday, 26 Aug 2015 | 11:00 AM ET

    Those looking for a luxury-branded convertible with a low price tag should turn toward Audi's A3 Cabriolet. With a $36,525 starting retail price, including destination charge, the Audi A3 Cabrio comes with standard leather-covered seats and dual-zone climate control— not found in other low-priced 2015 model year convertibles, such as the Chevrolet Camaro,...

  • Global carmakers reengineer India strategy to grow sales Wednesday, 26 Aug 2015 | 9:13 AM ET

    *Nissan, Renault plan new models, bigger dealer networks. Automakers like General Motors, Nissan Motor Co and Renault SA have over the past weeks announced hundreds of job losses. "India is not the most easy market in the world to crack," Guillaume Sicard, president of Nissan India told Reuters after the company said it would cut "hundreds" of jobs at the Renault-Nissan...

  • Tech startups want to change the way you drive Tuesday, 25 Aug 2015 | 11:00 AM ET

    SAN FRANCISCO— A veteran computer scientist hates sitting in his car at stop lights, so he creates software that makes the experience less annoying. A former engineering professor wants to double the range of today's electric vehicles. Entrepreneur and computer scientist Matt Ginsberg hates red lights.

  • BEIJING— China's slump is shaking the world economy, turning a country long seen as a growth engine into a possible threat. The party's plans call for keeping economic growth close to 7 percent this year while China shifts from reliance on trade and investment to more self-sustaining growth based on domestic consumption. "There are pockets of extreme weakness...

  • Survey: Recalls make Americans less satisfied with cars Tuesday, 25 Aug 2015 | 12:01 AM ET

    DETROIT— Americans are less happy with their cars and trucks than at any time in more than a decade, and it's largely because they're getting sick of dealing with recalls. "While it is true that all cars are now much better than they were 10 to 20 years ago, it is alarming that so many of them have quality problems," said Claes Fornell, chairman and founder of the survey.

  • NEW DELHI, Aug 21- Indian carmaker Tata Motors Ltd said on Friday' many' of the 5,800 Jaguar and Land Rover vehicles it had at Tianjin port in China were likely to have been damaged in the recent chemical explosion that killed more than a hundred people. The company said it has yet to determine the exact extent of the damage, joining other global carmakers such as...

  • *Renault, Hyundai, Fuji Heavy, BMW, VW to use Shanghai. BEIJING, Aug 19- Toyota Motor Corp and rival global automakers are looking to divert shipments to Shanghai and other ports from Tianjin after massive explosions last week disrupted operations indefinitely at China's largest auto import hub. On Wednesday, Renault SA and Subaru maker Fuji Heavy Industries Ltd...

  • *Credit Suisse puts initial losses at $1 bln- $1.5 bln. HONG KONG, Aug 17- Two explosions in the Chinese port of Tianjin that killed more than 100 people last week could generate total insurance losses of $1 billion to $1.5 billion, Credit Suisse analysts said, citing initial estimates based on Chinese media reports. Credit Suisse said those affected would be mostly...

  • US manufacturers affected by Tianjin explosion Thursday, 13 Aug 2015 | 4:30 PM ET
    A damaged road sign near the site of the explosions at the Binhai new district, Tianjin, August 13, 2015.

    Some American companies with manufacturing operations in China have been impacted by Wednesday's explosion in the port city of Tianjin.

  • European equities ended sharply lower on Wednesday as a yuan-related selloff in Asian stocks weighed on investor sentiment.

  • Commodities bounce, stocks tank as China moves again Wednesday, 12 Aug 2015 | 9:24 AM ET
    A teller counts yuan banknotes in a bank in Lianyungang, China, August 11, 2015.

    After a second day in a row of currency-related turmoil thanks to the Chinese central bank, risk-off was definitely the order of the day.

  • Jaguar Land Rover plans new plant in Slovakia Tuesday, 11 Aug 2015 | 4:00 AM ET

    LONDON, Aug 11- Luxury carmaker Jaguar Land Rover has signed a letter of intent to build a new car plant in Slovakia, a further expansion away from its British manufacturing base. "With its established premium automotive industry, Slovakia is an attractive potential development opportunity for us," Chief Executive Ralf Speth said. Volkswagen builds a range of...