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  • 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...

  • Automakers feel China heat as buyers desert showrooms Tuesday, 11 Aug 2015 | 3:22 AM ET
    People walk near a Ford Taurus sedan displayed at a media event ahead of the 16th Shanghai International Automobile Industry Exhibition, April 18, 2015.

    The great Chinese stock slump that first whacked luxury car sales is spreading to mass-market brands.

  • BEIJING, Aug 11- The great Chinese stock slump that first whacked luxury car sales is spreading to mass-market brands as wannabe customers like Zhang Jiabin count the cost of soured investments. Auto sales in China fell 7.1 percent in July from a year earlier as many more who lost out in a trillion-dollar share slump joined Zhang in delaying purchases.

  • Time to buy Germany Friday, 7 Aug 2015 | 2:05 PM ET
    The Brandenburg Gate in Berlin, Germany

    Time to buy Germany?

  • DETROIT, Aug 5- Volkswagen AG's entry-level electric car, the e-Golf SE, will be priced about $4,500 lower than VW's current lowest-priced electric car, the company said on Wednesday. Nissan has yet to announce any details for its 2016 Leaf. Leaf U.S. sales through July were down 30 percent at nearly 11,000. VW's has sold 1,831 e-Golf SEL premium and e- Golf Limited...

  • *BMW says change to outlook cannot be ruled out. FRANKFURT, Aug 4- BMW, the world's biggest luxury carmaker, warned on Tuesday that its financial forecasts for this year could be at risk from any further deterioration in the Chinese market, where its sales have begun to fall for the first time in a decade. Second-quarter sales of BMW, Mini and Rolls-Royce vehicles...

  • *BMW says change to outlook cannot be ruled out. FRANKFURT, Aug 4- BMW, the world's biggest luxury carmaker, warned on Tuesday that its outlook could be at risk from any further deterioration in the Chinese market, where its sales have begun to fall for the first time in a decade. The German company, which had already said in May that growth in China would be "less dynamic,"...

  • *Highlights potential of dominant India business. TOKYO, Aug 3- U.S. activist investment fund Third Point LLC has placed a bet on Japan's Suzuki Motor Corp potentially worth almost $1 billion citing the automaker's dominance in India, sending its shares to a lifetime high. Third Point, led by Daniel Loeb, on Friday said Suzuki stock was cheap considering...

  • Nokia sells HERE maps unit for $3 billion Monday, 3 Aug 2015 | 1:16 AM ET

    A consortium of German premium carmakers has agreed to buy Nokia's mapping business HERE for an enterprise value of $3.07 billion.

  • BELMONT, Calif., July 29- Volkswagen AG, the world's No. 1 automaker, will offer automatic braking and other crash avoidance systems as standard or optional features on most 2016 models sold in the United States beginning later this year, the company said on Wednesday. VW overtook Toyota Motor Corp as the world's largest carmaker by sales in the first half year,...

  • Europe ends higher after bumper earnings day Wednesday, 29 Jul 2015 | 11:30 AM ET
    Federal Reserve building in Washington, D.C., U.S.

    European stocks finished higher on Wednesday after a bumper day of earnings, while investors awaited news from a two-day policy meeting of the U.S. Federal Reserve.

  • *To restructure and downsize India operations. *To stop production at one of two plants in India. NEW DELHI, July 29- General Motors Co said on Wednesday it will invest $1 billion over the next few years to turn India into a global export hub, even as it cuts production capacity in the country due to sluggish demand.

  • *To launch 10 new India- made vehicles over next 5 years. NEW DELHI, July 29- General Motors Co will invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said on Wednesday. But by 2020 analysts expect India to become the world's third-largest passenger...

  • Europe recovery boosts Volkswagan profits Wednesday, 29 Jul 2015 | 3:41 AM ET
    Volkwagen Bus

    Volkswagen posted higher quarterly profit on a strengthening European autos recovery and cost cuts but lowered sales guidance on slowing China demand.

  • VW overtakes Toyota as world's biggest carmaker Tuesday, 28 Jul 2015 | 8:46 AM ET

    Volkswagen overtook Toyota as the world's largest carmaker by sales in the first half year, its long-held ambition three years ahead of target.

  • DETROIT, July 28- General Motors Co said on Tuesday it will invest $5 billion over the next several years to develop with its Chinese partner a new family of Chevrolet vehicles aimed at fast-growing emerging markets, in the process offering investors a fresh rationale for rejecting a merger with Fiat Chrysler Automobiles NV. GM and SAIC will engineer Chevrolet...

  • VW's Audi aims to raise China sales with revamped A4 Monday, 27 Jul 2015 | 4:03 AM ET

    BERLIN, July 27- Audi hopes that the redesigned top-selling A4 saloon will shore up its fortunes in China where the premium brand is grappling with dwindling sales and a leadership change. Volkswagen's flagship division will court Chinese buyers with a lighter and more fuel-efficient version of the A4, which last year added a fifth to Audi's global output of...

  • Do your investments operate in China? Read this Friday, 24 Jul 2015 | 12:09 PM ET
    A worker repairs steam locomotive parts in Fuxin coal mine locomotive repair plant in Fuxin, China.

    From software companies to drugmakers to fast food chains, economic weakness in China is denting multinationals' financials this earnings season.

  • FRANKFURT, July 23- Daimler's second-quarter operating profit jumped 54 percent to a record high, as sales of trucks and new luxury car model launches helped it defy a slowdown in China, where German rivals are struggling to maintain momentum. Daimler sales have lagged those of Audi and BMW in the world's biggest car market, but recent steps to take its...

  • FRANKFURT, July 23- Daimler's second-quarter operating profit jumped 54 percent to a record high, as sales of trucks and a new luxury car model launches helped it defy a slowdown in China, where German rivals are struggling to maintain momentum. Daimler sales have lagged those of Audi and BMW in the world's biggest car market, but a recent renaissance of the...