Automobile Manufacturing
China's Geely 2012 profit rises 32% as exports surge
Mar 20, 2013 06:57 EDT
Chinese automaker Geely said Wednesday its 2012 net profit jumped 32 percent, helped by recovering domestic sales and strong growth in exports.
Volkswagen recalls 385,000 cars in China
Mar 20, 2013 03:55 EDT
Volkswagen says it will recall 384,181 vehicles in China over gearbox defects, marking the German auto giant's biggest ever recall in the world's largest auto market.
Volkswagen to recall almost 385,000 China vehicles
Mar 20, 2013 01:54 EDT
German auto giant Volkswagen will recall 384,181 vehicles in China over gearbox defects, it said Wednesday after state television criticised it over the issue.
Ford to pay $750 mn to staff in closing Genk plant
Mar 19, 2013 16:55 EDT
US automaker Ford said Tuesday that it would pay at least $750 million to workers being let go as it closes its plant in Genk, Belgium, after reaching an agreement with unions.
Chrysler output boom irks workers as Fiat idles plants
Mar 19, 2013 11:05 EDT
With auto sales in Europe stalled, Fiat is pushing Chrysler to boost production at key US plants over the opposition of blue-collar workers who don't like the new work schedules.
BMW 'cautiously optimistic' after record year
Mar 19, 2013 05:52 EDT
German top-of-the-range carmaker BMW said Tuesday it is "cautiously optimistic" for business in 2013 after achieving the best year in the company's history last year.
Peugeot job cuts plan clears hurdle
Mar 18, 2013 15:28 EDT
Plans by troubled French carmaker Peugeot Citroen to shed over 11,000 jobs cleared a major hurdle on Monday.
European, US carmakers race Japanese in Indonesia
Mar 17, 2013 03:41 EDT
Bentleys and McLarens could become a more common sight alongside three-wheeled pedicabs and Japanese cars on Jakarta's roads, with European auto giants making a push into the Indonesian market.
China agency urges Volkswagen to recall vehicles
Mar 16, 2013 09:42 EDT
China's consumer quality agency on Saturday urged German auto giant Volkswagen (VW) to recall vehicles with a gearbox defect that it said could lead to engine power failures.
Toyota to recall 209,000 cars in US: report
Mar 16, 2013 08:01 EDT
Toyota Motor will recall 209,000 sport utility vehicles it has sold in the United States due to a possible seat-belt fault, Kyodo News reported on Saturday.
Honda recalls 250,000 vehicles for brake defect
Mar 14, 2013 13:06 EDT
Honda will recall 250,000 vehicles worldwide -- most of which are in the United States -- to repair a defect that can interfere with braking, the Japanese automaker said Thursday.
BMW lauds record 2012, eyes 2013 sales growth
Mar 14, 2013 07:46 EDT
German top-of-the-range carmaker BMW said on Thursday that 2012 had been the best year in the company's history and forecast further sales growth this year.
Volkswagen to open seven factories in China
Mar 14, 2013 07:15 EDT
Volkswagen, Europe's biggest carmaker, said Thursday that it planned to open seven more factories in China, as it confirmed record net profits for 2012 and voiced optimism for next year.
Renault signs job-cuts deal with unions
Mar 13, 2013 08:19 EDT
French automaker Renault signed a deal with unions on Wednesday to cut 7,500 jobs and increase working hours in exchange for a pledge to avoid factory closures.
Japan auto giants to give workers a bonus boost
Mar 13, 2013 01:02 EDT
Japan's top automakers are set to give tens of thousands of employees an annual bonus bump as a weaker yen helped their bottom line while Tokyo presses firms to hike staff pay to lift the economy.
India car sales slide 26%, biggest drop in 12 years
Mar 11, 2013 09:10 EDT
Car sales in India's once-booming passenger market plunged nearly 26 percent in February, the biggest dive in 12 years, industry figures showed Monday, as a sharply slowing economy discouraged buyers.
China auto sales rise in Jan-Feb: industry group
Mar 11, 2013 06:07 EDT
Auto sales in China, the world's top car market, rose in the first two months of the year, an industry group said Monday, indicating strong demand as the country's economy gradually recovers.
Electric cars back into the shadows at Geneva car show
Mar 10, 2013 07:48 EDT
After being the starring act for several years, the electric car backed into the shadows at this year's International Geneva Motor Show as carmakers grow weary of waiting for sales to take off.
Big engines ultimate in luxury at Geneva Motor Show
Mar 08, 2013 04:53 EST
Huge engine power and speed records remain the name of the game for the many luxury vehicles on prominent display at the International Geneva Motor Show this week.
Senate stalwart Carl Levin will not seek re-election
Mar 07, 2013 22:28 EST
US Senator Carl Levin, a six-term Democrat and staunch advocate for military personnel and readiness, announced Thursday he will not seek re-election in 2014.
