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Volkswagen AG

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  • *Mercedes to shrink sales gap to Audi- IHS. INGOLSTADT, Germany, March 11- German luxury carmaker Audi, source of nearly half of Volkswagen's profits, expects another drop in operating earnings this year as it invests in new models and foreign expansion in a bid to catch up with sales at luxury rival BMW.

  • INGOLSTADT, Germany, March 11- German luxury carmaker Audi is bracing for another drop in operating profit this year as the costs of foreign expansion, new models and technologies weigh on its results.

  • DETROIT, March 4- EcoMotors, a Michigan- based engine maker backed by Microsoft founder Bill Gates and venture capitalist Vinod Khosla, has formed a joint venture in China with a subsidiary of First Auto Works. FAW's manufacturing partners in China include Volkswagen AG, Toyota Motor Corp and General Motors Co.

  • *Cites weakness in Russia, Argentina, Turkey, Algeria. GENEVA, March 4- French carmaker Renault has trimmed its growth forecast for the global market this year as the industry becomes increasingly worried about volatile emerging markets just when demand in Europe is starting to pick up.

  • *Hyundai, Toyota, Renault see strong growth in the segment. Europe's largest carmaker has been trying for more than a year to hit internal cost requirements for the vehicle, which would likely sell for between 6,000 euros and 8,000 euros and be built in China, the biggest market for budget cars.

  • GENEVA, March 4- Volkswagen's plan to enter the no-frills car market in developing countries is stalling because the German carmaker is struggling to meet cost targets for its first budget car, a VW brand executive told Reuters on Tuesday.

  • Car buyers borrowing record amount Tuesday, 4 Mar 2014 | 5:00 AM ET

    Higher prices for new cars and relatively low rates for auto loans means Americans are borrowing a record amount to pay for their new rides.

  • *Cites weakness in Russia, Argentina, Turkey, Algeria. GENEVA, March 4- French carmaker Renault has trimmed its growth forecast for the global market this year, in a sign the industry is becoming increasingly worried about volatile emerging markets even as demand in Europe starts to pick up.

  • Hyundai, the world's fifth largest car maker with its Kia Motors Corp affiliate, is banking on the first restyling of the mid-size sedan since 2009 to help reverse a slowdown in sales and revenue growth, as it battles competition from foreign rivals at home and a slide in reliability rankings in the United States, its second-biggest market after China.

  • *GM, Ford, Chrysler, Nissan top sales expectations. *Toyota, Honda fall short of forecasts. While General Motors Co, Ford Motor Co and Chrysler Group all reported stronger-than-expected sales, the higher incentives raised concerns about industry profitability in the future.

  • *Toyota sales down 4 percent, missing expectations. *Chrysler, Nissan beat sales expectations. DETROIT, March 3- U.S. auto sales in February were slightly brisker than expected as hefty incentives lured customers into dealerships late in the month despite cold and snowy weather, raising concerns about industry profitability.

  • *Toyota sales down 4 percent, missing expectations. *Chrysler, Nissan beat sales expectations. DETROIT, March 3- U.S. auto sales in February were slightly brisker than expected as hefty incentives lured customers into dealerships late in the month despite cold and snowy weather.

  • DETROIT, March 3- U.S. auto sales in February were more brisk than expected as hefty incentives lured customers into dealerships late in the month despite cold and snowy weather. General Motors Co raced past analysts' expectations, saying Monday that sales dipped 1 percent to 222,104 vehicles.

  • PARIS, March 3- PSA Peugeot Citroen may seek more cost savings and does not rule out capacity cuts in France after 2016 if they are needed to turn the struggling carmaker around, new Chief Executive Carlos Tavares said on Monday. Peugeot is making good progress towards the existing savings goal announced in 2012 and could go further, Tavares also indicated.

  • FRANKFURT, March 3- Carmakers are tapping smartphone technology to spruce up low-cost city cars and try to get an edge in a market that has grown to account for almost 10 percent of new car sales in austerity-scarred Europe.

  • *California T model to debut at Geneva auto show. GENEVA, March 3- Italy's Ferrari has mounted a turbocharged engine on its latest supercar for the first time in more than two decades, as even luxury automakers are forced to seek ways to cut emissions without sacrificing performance.

  • *Audi to overtake BMW in 2017-18, but miss 2020 target-IHS. Having doubled model lines and deliveries over the past decade to narrow the sales gap on luxury car market leader BMW, Audi has not had much new on the stands for several recent industry gatherings compared with its rivals.

  • WASHINGTON, Feb 27- Tennessee Senator Bob Corker called on federal authorities on Thursday not to muzzle lawmakers who are opposed to union organizing as they consider the United Auto Workers' appeal of a failed effort to represent workers at a Volkswagen plant in his state.

  • WASHINGTON, Feb 25- U.S. electric luxury car Tesla Model S was named by Consumer Reports magazine on Tuesday as its overall top pick for 2014, while Japanese models took just five of the top 10 spots, their worst showing in the 18- year history of the annual rankings.

  • WASHINGTON, Feb 25- U.S. electric luxury car Tesla Model S was named by Consumer Reports magazine on Tuesday as its overall top pick for 2014, while Japanese models took five spots in the annual rankings, their worst showing in the 18- year history of the ratings.

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