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Volkswagen AG

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  • DETROIT/ TOKYO, Jan 12- Toyota Motor Corp is ending a three-year freeze on building new vehicle assembly plants and is looking to open two new assembly plants in China and another in Mexico, four executives familiar with the company's plans said. The Japanese automaker has already completed initial feasibility studies in both China and Mexico, according to...

  • SAO PAULO, Jan 12- Thousands of Brazilian metalworkers marched on a highway outside of Sao Paulo on Monday to protest layoffs by carmakers, adding to a mounting crisis in a politically sensitive industry. State police said about 7,000 workers from Volkswagen AG, Ford Motor Co and the Mercedes-Benz truck unit of Germany's Daimler AG occupied a lane of the highway...

  • SAO PAULO, Jan 12- Thousands of metalworkers in Brazil marched on a highway outside of Sao Paulo on Monday to protest layoffs by carmakers, adding to a mounting crisis in a politically sensitive industry. State police said about 7,000 workers from Volkswagen AG, Ford Motor Co and the Mercedes-Benz truck unit of Germany's Daimler AG occupied a lane of the highway...

  • DETROIT, Jan 11- Germany's Volkswagen said on Sunday global December sales rose 2.7 percent to 881,000 vehicles as sales across VW's multi-brand group rose on faster growth in China and Europe that outweighed falling sales in the United States and Latin America. Sales gains of 12 percent and 5.1 percent in China and Europe respectively outweighed declines of...

  • REUTERS-BUSINESSS-NEWS-SCHEDULE AT 1600 GMT/11 AM ET Friday, 9 Jan 2015 | 11:05 AM ET

    Nebraska Supreme Court backs Keystone XL pipeline route. WASHINGTON, Jan 9 (Reuters)- A divided Nebraska Supreme Court approves a route for the Keystone XL oil pipeline across the state and clears the way for President Barack Obama to settle the politically charged issue. ( USA- KEYSTONE/), moving shortly, by Aruna Viswanatha and Patrick Rucker, 520 words).

  • DETROIT, Jan 8- Fully automated driverless cars could make up nearly 10 percent of global vehicle sales, or about 12 million cars a year, by 2035, the Boston Consulting Group said on Thursday. "This will be as radical a change as the auto industry has seen in 100 years," said Thomas Dauner, head of BCG's global automotive practice. Vehicle manufacturers, including...

  • Brazil is one of the world's five biggest auto markets and a major base of operations for Fiat Chrysler Automobiles, Germany's Volkswagen and U.S.-based General Motors Co and Ford Motor Co.. The prospect of another weak year for Brazil's auto industry is adding to headaches for President Dilma Rousseff as she struggles to get Brazil's economy growing again...

  • *China dealers seek 5.1 bln yuan in compensation from BMW. *Audi to pay 2 bln yuan in subsidies to dealers- sources Mercedes paid China dealers about 1 bln yuan- sources. Spearheading the backlash is the China Automobile Dealers Association, a dealer trade body which earlier this week went public with an announcement that it had persuaded German automaker BMW to...

  • Daimler's Mercedes-Benz has a different idea from Ford- and worlds apart from Internet company Google Inc, which has jolted the automotive establishment with its high-profile effort to develop a fully self-driving city car. Where Ford wants to make autonomous cars for "Everyman," and Google envisions cars as pod-like appliances, Daimler presented robotic...

  • DETROIT, Jan 7- General Motors Co's luxury Cadillac brand has cut the price most customers will pay for its 2015 CTS to counter slumping demand in the United States for the marquee sedan. The largest U.S. automaker told Cadillac dealers on Wednesday that it was cutting the price of the three best-selling packages of options on the car by as much as $3,000, a...

  • SAO PAULO, Jan 7- Workers at a Mercedes-Benz truck factory outside of Sao Paulo voted on Wednesday to stop work for 24 hours in a protest over fired colleagues, the second such strike in as many days as automakers cut payrolls in anticipation of a third straight year of slumping sales. The local metalworkers union said Mercedes-Benz, a unit of Germany's Daimler AG,...

  • SAO PAULO, Jan 7- Workers at a Mercedes Benz truck factory outside of Sao Paulo voted on Wednesday to stop work for 24 hours in a protest over fired colleagues, the second such strike in as many days as automakers cut payrolls in anticipation of a third straight year of slumping sales. The local metalworkers union said Mercedes Benz, a unit of of Germany's Daimler AG,...

  • LAS VEGAS, Jan 5- Germany's Daimler AG wants to reset consumers' expectations about self-driving cars with its futuristic Mercedes-Benz F 015 concept, unveiled Monday evening at the annual Consumer Electronics Show in Las Vegas. "Anyone who focuses solely on the technology has not yet grasped how autonomous driving will change our society," said Daimler Chief...

  • Germany overtakes UK in corporate executive pay Monday, 5 Jan 2015 | 7:01 PM ET

    Germany has overtaken the UK as Europe's top-paid corporate executives, partly reflecting public and investor pressure on remuneration in UK companies. The Financial Times reports.

  • DETROIT, Jan 5- BMW on Monday regained bragging rights as the top-selling luxury brand in the United States, ending the one-year reign of German rival Mercedes. BMW ended with a lead last year of more than 9,000 vehicles over Mercedes-Benz, which in 2013 seized a title BMW had held for the previous two years. Last year, Mercedes-Benz outsold BMW by about 3,000...

  • *BMW and China dealers reach settlement over subsidies. *Dealers say $820 mln deal struck, BMW declines confirm details. SHANGHAI/ FRANKFURT, Jan 5- BMW will pay 5.1 billion yuan to auto dealers in China who pressured the world's top luxury carmaker to share the cost of overstocked showrooms, BMW's main Chinese dealership group said on Monday.

  • *BMW and China dealers reach settlement over subsidies. SHANGHAI/ FRANKFURT, Jan 5- BMW will pay 5.1 billion yuan to auto dealers who pressured Europe's top luxury carmaker to share the cost of overstocked showrooms in the world's largest car market, BMW's main Chinese dealership group said on Monday. BMW started subsidizing its dealers in 2012 due to falling...

  • Diesel users get shut out of gas plunge party Sunday, 4 Jan 2015 | 9:21 AM ET
    A customer refuels his vehicle at a U-gas station in Miami, Dec. 8, 2014.

    Drivers who depend on diesel fuel were still paying an average of $3.21 a gallon as of Dec. 29.

  • Germany cools to Russian investment Sunday, 28 Dec 2014 | 8:36 PM ET
    A giant sign for OAO Gazprom stands above a building in Moscow, Russia

    Few countries have invested more heavily in Russia than Germany after the Cold War ended. But now the rush is going in reverse. The NYT reports.

  • FRANKFURT, Dec 19- Western companies are curtailing investments in Russia, repatriating funds and talking with their banks about currency hedges to protect profits from the falling rouble and worsening growth outlook. Collapsing oil prices and a punishing round of sanctions over Ukraine are pushing Russia into recession and frustrating thousands of...