latest news

Volkswagen seeks savings of 10 billion euros: source

Volkswagen seeks savings of 10 billion euros: source

Volkswagen Group (VOWG_p.DE) is seeking cost savings of around 10 billion euros ($12.4 billion), a source told Reuters on Friday.

By Jan Schwartz; Writing by Edward Taylor; Editing by Alexander Ratz and Kirsti Knolle

Takata, auto execs face Senate over deadly air bag scandal

Takata, auto execs face Senate over deadly air bag scandal

Executives from Japan's Takata Corp (7312.T) and two automakers faced tough scrutiny from U.S. senators on Thursday over the risk of millions of potentially defective air bags that can rupture upon deployment, shooting metal shards into cars.

By ERIC BEECH AND BEN KLAYMAN

Volkswagen China growth slows to 10 percent due to capacity limits

Volkswagen China growth slows to 10 percent due to capacity limits

Volkswagen AG's (VOWG_p.DE) growth in China is expected to slow to around 10 percent this year from 16 percent in 2013 due to a conservative strategy that has limited its production capacity, the head of its Chinese operations said on Tuesday.

By SAMUEL SHEN AND MATTHEW MILLER

As China's luxury car wave ebbs, foreign firms seek domestic foothold

As China's luxury car wave ebbs, foreign firms seek domestic foothold

Daimler AG (DAIGn.DE) will give its new luxury baby, the Mercedes-Maybach limousine, a glitzy world debut at this week's Guangzhou autoshow, even as analysts warn the end is nigh for China's 10-year high-end car sales boom.

By Samuel Shen and Kazunori Takada

What is a recall? Carmakers confuse U.S. drivers in deadly air bag saga

What is a recall? Carmakers confuse U.S. drivers in deadly air bag saga

In recent weeks, hundreds of thousands of U.S. Toyota drivers have received a stern warning by first-class mail: Immediately drive to your dealer to replace a flawed air bag, and in the meantime don't let anyone sit on the passenger side.

By BARBARA LISTON, JULIA EDWARDS AND PATRICK RUCKER

Takata shares open down 1 percent after news of criminal probe

Takata shares open down 1 percent after news of criminal probe

Shares of Takata Corp opened down 1 percent on Friday after the Japanese auto parts maker said it was the subject of a U.S. criminal investigation over defective air bags that have been linked to five deaths.

By Chang-Ran Kim; Editing by Chris Gallagher

TRENDING NOW

Real Time Analytics