World Markets

VW plans to extend CEO Winterkorn's contract until 2018

Sept. 2, 2015 10:02 CET
Volkswagen plans to extend the contract of CEO Martin Winterkorn until the end of 2018, a victory for the executive after he clashed with former Chairman Ferdinand Piech.

Former Saab CEO charged with giving false testimony

Sept. 2, 2015 16:44 CET
Former Saab Automobile CEO Jan Ake Jonsson was charged with giving false testimony when the aftermath of the Swedish automaker's bankruptcy played out in court.

German car sales rose 6% in August

Sept. 2, 2015 10:46 CET
German new-car registrations rose 6 percent in August, slowing from a growth rate of 7 percent in July.

Opel will launch online retail banking in Germany

Sept. 2, 2015 12:24 CET
Opel will push into online retail banking in Germany and use consumer deposits to broaden the base of its financing operation.


Mercedes completes S-class family with luxury convertible

Sept. 2, 2015 09:03 CET
Mercedes will complete its S-class family with the sixth and final derivative of its flagship sedan next year, when it launches its first...

BMW, Audi and Mercedes win U.S. antitrust approval to buy Nokia maps

Sept. 2, 2015 18:14 CET
BMW, Audi and Mercedes have won U.S. antitrust approval to buy Nokia's maps business for around 2.5 billion euros ($2.8 billion).


PSA's DS upscale brand to launch DS 4 crossover

Sept. 2, 2015 15:18 CET
DS Automobiles will launch a crossover-styled version of its DS 4 compact car called the DS 4 Crossback that will debut at the Frankfurt auto show.

Volvo sales rise 3% in August as U.S. demand offsets slowing China

Sept. 2, 2015 11:38 CET
Volvo's global car sales rose 3.2 percent in August as strong growth in the U.S.

GM expects to be profitable in India in 5 years

Sept. 2, 2015 12:53 CET
General Motors expects to be profitable in India in five years as it cuts costs and works toward increasing local content in its cars, the...

Enzo Ferrari continues to fascinate Hollywood

Sept. 2, 2015 06:01 CET
There's something irresistible about the life of Enzo Ferrari that continues to fascinate filmmakers.

French new-car sales rise 10% percent on extra selling day

Sept. 1, 2015 11:05 CET
French new-car sales rose 9.7 percent in August, traditionally a slow holiday month, boosted by an extra selling day.

Spain's car sales jump 23% in 24th consecutive month of growth

Sept. 1, 2015 12:36 CET
Spanish new-car sales rose 23 percent in August in the best result for the month since 2009 and the 24th consecutive month of growth as the market...

Tesla names new Germany chief amid slow sales

Sept. 1, 2015 06:01 CET
Tesla named a new top executive in Germany, where the U.S. electric car maker is struggling to gain a foothold.

Top Renault exec sees European rebound continuing in second half

Sept. 1, 2015 11:23 CET
Renault's Chief Competitive Officer, Thierry Bollore, expects Europe's rebound to continue as the region's economy improves and drivers replace aging...

Germany's Kiekert buys out Chinese partner

Sept. 1, 2015 13:02 CET
Kiekert, a global supplier of automotive locks, has acquired full ownership of China's Henan North Xingguang Locking Systems Co.

Suzuki will defend its independence after 4-year dispute with VW ends

Aug. 31, 2015 11:14 CET
Suzuki plans to defend its hard-won independence after arbitrators upheld the Japanese automaker's request to terminate a 2009 agreement with...

Sergio may stay till 2020, hunts for next top leader

Aug. 31, 2015 06:01 CET
Sergio Marchionne is 63 and the first to admit that he won't stick around as CEO of Fiat Chrysler Automobiles forever.

Big Alfa Romeo investment begins launching models

Aug. 31, 2015 06:01 CET
No brand in the Fiat Chrysler's portfolio is getting more attention - or investment - in the next four years than Alfa Romeo.


Marchionne wants a partner but says FCA can survive alone 'in mediocrity'

Aug. 31, 2015 06:01 CET
Compared with its larger and far richer global counterparts, Fiat Chrysler faces a huge set of problems.

China faces an added threat down the road: Capacity glut

12:01 am U.S. ET | Aug. 31, 2015
The news coming out of China right now is bad, and chances are, it’s going to get worse.

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