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Business / Auto Global

Ford says profit to slow a gear in '14; shares slump

[2013-12-19 13:28]

Ford Motor Co warned Wednesday that the cost of launching new vehicles and a deteriorating Venezuelan economy would dent its profit next year.

Chevrolet marketing boss Chris Perry resigns

[2013-12-19 10:58]

The ongoing upheaval in General Motors Co's executive ranks continued on Wednesday with the sudden resignation of Chris Perry as vice-president of Chevrolet marketing.

Audi to boost spending on cars, to catch BMW

[2013-12-19 10:48]

Germany's Audi will grow spending on new models, plants and technology in coming years as the luxury carmaker steps up efforts to catch larger competitor BMW.

Mercedes to produce more than 1.5m cars in 2013

[2013-12-18 17:40]

Daimler's Mercedes-Benz division said it will boost production to more than 1.49 million luxury cars this year, a new record.

Mercedes eyes record output as plants run at full steam

[2013-12-18 17:27]

Mercedes-Benz will push output to a new record as German plants are running extra shifts to meet strong demand for new compact models and the overhauled S-Class flagship sedan.

General Motors to invest $1.3b in five US plants

[2013-12-17 17:20]

General Motors Co said on Monday it will invest nearly $1.3 billion at five US plants to make a new transmission and boost output for a planned new engine as well as add a vehicle paint shop.

GM to cut S. Korean jobs as Chevy pullout looms in Europe

[2013-12-17 17:02]

General Motors Co plans to slash its headcount in South Korea next year as it prepares to withdraw its Chevy brand in Europe, a major export market for South Korean-made cars.

GM CEO Akerson defends tenure as his exit nears

[2013-12-17 16:58]

Dan Akerson, who will step down as General Motors Co's chief executive next month, on Monday defended his tenure leading the No. 1 US automaker.

New GM CEO Barra's compensation not yet determined

[2013-12-13 13:38]

Compensation for Mary Barra, who will become General Motors Co chief executive on January 15, has not yet been determined, the automaker said.

GM ties up loose ends as reign of new CEO nears

[2013-12-13 13:35]

General Motors Co announced on Thursday that it has sold the stake in its former finance arm and in its French auto partner.

Volkswagen's US CEO leaves, Horn named replacement

[2013-12-13 13:30]

Volkswagen AG's US Chief Executive Officer Jonathan Browning has left the company for personal reasons and is to be replaced by 51-year-old Michael Horn.

Ssangyong in bold bet on US market

[2013-12-12 17:10]

Ssangyong Motor Co South Korean sport utility vehicle maker, says it expects to invest nearly $1 billion on its line-up as part of a new strategic plan to break into the US and Asian markets.

Ford board aims to pin down CEO Mulally's plans

[2013-12-12 15:30]

Ford Motor Co's board of directors plans to press Chief Executive Alan Mulally soon for a decision on his future, as speculation intensifies that he may be offered the job of CEO at Microsoft Corp.

GM doesn't owe $450m in retiree benefits: US judge

[2013-12-12 10:38]

A federal judge said General Motors Co is not required to pay $450 million to cover medical benefits for retirees, in a defeat for the United Auto Workers union.

GM names auto industry's first woman CEO

[2013-12-11 11:33]

General Motors Co CEO Dan Akerson will step down next month and be replaced by GM "lifer" and global product chief Mary Barra.

GM new president Ammann out to prove himself

[2013-12-11 11:02]

General Motor Co's incoming president has gone to great lengths to prove that while he is the US automaker's chief financial officer, he is not just a "bean counter."

Personnel changes in BMW Group

[2013-12-03 14:41]

Stefanie Wurst to be new Marketing Manager BMW Germany, Johannes Seibert becomes Managing Director of BMW Group Middle East

Saab to restart 9-3 sedan production

[2013-12-02 17:47]

The new owners of Swedish car maker Saab, National Electric Vehicle Sweden AB, will restart production of the 9-3 sedan on Monday at the Trollhattan factory in Sweden,

'Fast and Furious' actor dies in car crash

[2013-12-01 15:30]

Actor Paul Walker, best known for his roles in the "Fast and the Furious" action movies, died on Saturday in a car crash in Southern California, his publicist said.

Car workers steer way to new heights

[2013-11-25 07:50]

There is little surprise that maintaining standards is one of Jaguar Land Rover's top priorities as it expands into China.

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