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BEIJING— China on Thursday announced it will fine Audi $40.5 million and Chrysler $5.2 million in a sweeping anti-monopoly probe of the auto industry that has prompted complaints foreign businesses are being treated unfairly.
Foreign companies in China appear to be pushing back against increased scrutiny from Chinese government anti-trust enforcers. The New York Times reports.
European shares slipped to close marginally lower, as investors monitored events in eastern Ukraine and reacted to economic data from the region.
German car parts suppliers have been told they can no longer manage their Chinese units independently but need to form partnerships with local peers.
Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported.
Well-known work-related hazards could soon be a thing of the past, if one German company's idea catches on.
GM recalled 202,115 Saturn VUEs on Friday, citing an ignition key issue that it says is possibly tied to two know crashes and one injury.
As Toyota hits a speed bump in high-growth emerging markets, does the world's largest automaker have what it takes to hold on to its crown?
European shares closed lower on Thursday with investors reacting to quarterly earnings and some disappointing data from the euro zone.
European shares closed lower on Thursday, as investors shunned riskier assets due to a resurgence in concerns about Russia and sanctioning.
Volkswagen will spend $900 million to build a mid-sized SUV at its U.S. plant in Tennessee.
The rich are buying expensive cars at a record pace, and one manufacturer has limited production to maintain exclusivity. NBC News reports.
Infosys beat estimates with a 21.6 percent rise in quarterly net profit and retained sales growth outlook on demand for outsourcing services.
Investors interested in emerging Europe might consider small-but-vibrant Slovakia, the first ex-Soviet satellite state to join the euro zone.
European markets ended the day higher, after the ECB held fire and the widely-watched U.S. non-farm payrolls came in stronger than expected.
Volkswagen denied planning a bid for U.S. truck maker Paccar after comments from a Daimler executive saying he had heard of a plan.
Some of the names on the move ahead of the open.
In a country where owning a car has long been a symbol of luxury and success, around 85 percent of Chinese car buyers still buy cars with cash.
Audi has drawn up blueprints for a wider range of high-performance electric cars to help it take on rivals, according to sources at the carmaker.
European shares closed lower on Wednesday after the release of business activity data for the euro zone showed a small downtick for last month.