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German carmakers unveil surprise changes to top management

German carmakers unveil surprise changes to top management

German carmaker BMW and larger rival Volkswagen announced surprise changes to top management on Tuesday, with the veteran CEO of the Munich-based luxury group stepping down a year early and handing the reins to the firm's younger production chief.

By Staff Reporter

Hyundai recalls 42,925 sedans in U.S. for possible brake light issue

Hyundai recalls 42,925 sedans in U.S. for possible brake light issue

Hyundai Motor Co is recalling 42,925 sedans in the United States due to potentially faulty brake lights, according to documents filed with U.S. safety regulators.

By Staff Reporter

Low gas prices, cold weather boost AutoZone results

Low gas prices, cold weather boost AutoZone results

AutoZone Inc (AZO.N), the second-largest U.S. auto parts retailer, reported a higher-than-expected quarterly profit, helped by lower gas prices and colder-than-usual weather that encouraged customers to ready their cars for a harsh winter.

By Staff Reporter

NSA's surveillance a 'trade barrier' for EU companies: EU official

NSA's surveillance a 'trade barrier' for EU companies: EU official

The U.S. National Security Agency's mass surveillance is a trade barrier for European Internet companies trying to provide services in the United States, a top EU official said on Monday.

By Staff Reporter

Sony's PlayStation store back online after cyber attack

Sony's PlayStation store back online after cyber attack

Sony Corp said its PlayStation Network and Sony Entertainment Network had been disrupted by hackers in a distributed denial-of-service attack on Monday.

By Staff Reporter

Two more deaths eligible for General Motors compensation

Two more deaths eligible for General Motors compensation

Claims deemed eligible for compensation from a faulty ignition switch in General Motors Co vehicles rose slightly in the last week, including two additional deaths attributed to the defective switch, according to an official report on Monday.

By Staff Reporter

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