Galleries

VW unveils multi-billion auto investments through next five years
Galleries

VW unveils multi-billion auto investments through next five years

Volkswagen AG (VOWG_p.DE) is to invest 85.6 billion euros ($106 billion) in its automotive operations over the next five years to push foreign expansion, new models and technology to back its quest for global leadership.

By Andreas Cremer, Jan Schwartz and Edward Taylor; Editing by Kirsti Knolle and Vincent Baby

Arizona is first U.S. state to sue GM over delayed recalls
Galleries

Arizona is first U.S. state to sue GM over delayed recalls

By Rama Venkat Raman in Bangalore, Paul Lienert in Detroit and Jessica Dye and Karen Freifeld in New York; Writing by Rodney Joyce and Robin Paxton; Editing by Saumyadeb Chakrabarty, Alexia Garamfalvi and Bernadette Baum

latest news

Honda discloses fifth Takata air bag-linked fatality, widens recall

Honda discloses fifth Takata air bag-linked fatality, widens recall

Honda Motor Co (7267.T) said on Thursday that a driver in Malaysia died in July after being hit by shrapnel from an air bag supplied by Takata Corp (7312.T) - the fifth such fatality and the first outside the United States.

By CHANG-RAN KIM

Food costs eating into consumers' saving at the pump as holidays near

Food costs eating into consumers' saving at the pump as holidays near

Martha Franco says she hadn't really noticed the sharp drop in gasoline prices, even though the mother of three is always shuttling the kids around in her SUV. She has been paying closer attention to the soaring cost of meat instead.

By NATHAN LAYNE

Ford declines comment on Europe CEO's reported departure

Ford declines comment on Europe CEO's reported departure

U.S. carmaker Ford (F.N) declined comment on Thursday on a report saying the head of its loss-making European operations will be replaced by a candidate from within the company.

By Andreas Cremer; Editing by Christoph Steitz and Crispian Balmer

Honda ordered to give Takata air bag papers to U.S. agency

Honda ordered to give Takata air bag papers to U.S. agency

U.S. safety regulators ordered Japanese automaker Honda Motor Co Ltd (7267.T) on Wednesday to provide documents and answer questions under oath about potentially defective air bags installed in millions of recalled U.S. vehicles.

By BEN KLAYMAN AND PAUL LIENERT

Nissan recalls Infiniti hybrid sedans for software, transmission issues

Nissan recalls Infiniti hybrid sedans for software, transmission issues

Nissan Motor Co (7201.T) said on Tuesday it is recalling more than 14,000 hybrid Infiniti Q50 and Q70 luxury sedans globally due to possible software and transmission issues.

By Ben Klayman; Editing by Jeffrey Benkoe

Rolls Royce to cut 2,600 staff, appoints new CFO

Rolls Royce to cut 2,600 staff, appoints new CFO

British engineer Rolls-Royce (RR.L) said it would cut 2,600 jobs over the next 18 months, in a battle to reduce costs almost three weeks after a major profit warning.

By Kate Holton, Additional reporting by Sarah Young; editing by Paul Sandle

Toyota says Oct China auto sales up 27.1 percent year/year

Toyota says Oct China auto sales up 27.1 percent year/year

Toyota Motor Corp (7203.T) and its two Chinese joint ventures sold about 104,700 vehicles in China in October, up 27.1 percent from a year earlier, the Japanese automaker said on Monday.

By Reporting by Norihiko Shirouzu; Writing up Samuel Shen; Editing by Adam Jourdan