European shares pushed higher in morning trade as investors continued to monitor events in eastern Ukraine and reacted to economic data from the region.» Read More
German car maker Volkswagen's business is falling short of expectations in Russia, its CEO told CNBC at the Auto China show on Sunday.
Ford says the key to its success in the market has been its wide range of product offerings that allow it to effectively target first-time buyers.
As the Beijing Auto Show kicks off on Monday, Martin Winterkorn, Chairman and CEO at Volkswagen, says plug-in hybrids will dominate its lineup in China for alternative energy cars.
Toyota Motor aims to double auto sales in China to around 2 million vehicles a year in the future, a senior executive said on Sunday.
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.