World Markets

VW halts production for three weeks at Brazil plant, union says

March 30, 2015 19:14 CET
Volkswagen has halted production at its second-largest factory in Brazil for three weeks, a local union said, as a steep decline in demand forces carmakers to manage excess capacity.... Read More »

Magna negotiating to sell interiors unit to Grupo Antolin, report says

March 30, 2015 18:25 CET | UPDATED: March 30 20:20 CET - adds background
Magna International is in talks to sell its car-interior business to Spain's Grupo Antolin, Bloomberg reported.... Read More »

Volvo will open U.S. assembly plant in 2018

March 30, 2015 06:30 CET
Volvo will open a car plant in the U.S. as the Swedish automaker pursues a global comeback under Chinese ownership.... Read More »

Toyota CEO thought U.S. recalls could cost him his job, but gave sense of purpose

March 30, 2015 14:21 CET
Toyota chief Akio Toyoda undoubtedly wishes his company's unintended-acceleration crisis never happened.... Read More »

ChemChina hopes to re-list Pirelli in Italy; says counterbid will hurt investors

March 30, 2015 09:14 CET
The chairman of China National Chemical Corp. (ChemChina), Ren Jianxin, said he hopes to re-list Italy's Pirelli on the Italian stock exchange.... Read More »

Ford revives the Lincoln Continental, aims at U.S. and China

March 30, 2015 06:01 CET
Ford will resurrect the Lincoln Continental as its top-of-the line luxury sedan, betting the classic name will help rebuild the brand's image in the...... Read More »


When will next shoe drop in China?

12:01 am U.S. ET | March 30, 2015
Many people are convinced that when the time comes -- and it might be tomorrow, next year or in a decade -- foreign companies in China will be...... Read More »

How a Frenchman is bringing back Datsun

March 29, 2015 06:01 CET
Vincent Cobee's mission to reintroduce Datsun around the world is a mixture of irony, politics, auto industry counterintuition and a fair amount of...... Read More »

Honda launches S660 minicar roadster, heir to Beat's looks

March 30, 2015 04:00 CET
Honda will sell the S660 mini roadster only in the company's home market of Japan, at least for now.... Read More »

Mercedes plans to launch its first pickup by 2020

March 27, 2015 13:40 CET
Daimler's Mercedes unit plans to launch its first pickup truck by 2020, targeting sales at the European, Latin American, Australian and South African...... Read More »

Jaguar Land Rover names new global engineering chief

March 27, 2015 17:11 CET
Jaguar Land Rover named company veteran Nick Rogers as its new engineering director to succeed Wolfgang Ziebart.... Read More »

Valeo's self-driving systems learn from military drones

March 27, 2015 17:55 CET
Valeo plans to draw on drone software and other military technologies from partner Safran to offer self-driving vehicle platforms to carmakers by the...... Read More »

Ghosn's pay increase criticized by Renault union

March 27, 2015 09:23 CET
Renault's biggest trade union, the CGT, criticized the automaker's proposal to more than double CEO Carlos Ghosn's 2014 pay package to 7.... Read More »

Ford's Mulally made $22 million in 2014; Fields' pay rose 83% to $18.6 million

March 27, 2015 17:45 CET
Alan Mulally, who retired as Ford CEO in mid-2014, received compensation worth $22 million last year. His successor, Mark Fields, earned $18.... Read More »

PSA picks France factory over Spain for engine production expansion

March 27, 2015 09:47 CET
PSA said it has chosen a French factory over a rival Spanish plant to expand engine production.... Read More »

Renault increases Zoe EV's range by 30km

March 27, 2015 06:01 CET
Renault has extended the range of its battery powered Zoe subcompact hatchback by 30km to 240km (149 miles) to help boost sales.... Read More »

PSA, Mitsubishi cuts jobs in Russia, halt output again

March 27, 2015 11:06 CET
PSA and Mitsubishi will halt production at their joint venture plant in Russia for the second time this year and cut 100 jobs.... Read More »

Pirelli CEO sees strong future with ChemChina, no talks on counterbid

March 27, 2015 12:07 CET
Pirelli has a strong future with China National Chemical Corp.... Read More »

Dutch regulators raid Uber over court ruling compliance

March 27, 2015 11:41 CET
A Dutch regulatory agency raided the Amsterdam offices of ride-sharing service Uber in connection with its UberPOP unit after a court deemed it...... Read More »

Pininfarina investor confirms India's Mahindra is interested in buying Italian design company

March 26, 2015 11:39 CET
Pininfarina's controlling shareholder, Pincar, confirmed that India's Mahindra & Mahindra has expressed interest in buying the Italian car designer.... Read More »

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