latest news

Strikes cast shadow over Ford's South African investment prospects

Strikes cast shadow over Ford's South African investment prospects

U.S. carmaker Ford is hesitant about investing further in its South African operation because of repeated production stoppages caused by strikes, its regional chief said on Thursday.

By Tiisetso Motsoeneng; Editing by Joe Brock and David Goodman

Hyundai, Kia unveil share buybacks after anger over property purchase

Hyundai, Kia unveil share buybacks after anger over property purchase

Hyundai Motor Co (005380.KS) and affiliate Kia Motors (000270.KS) unveiled share buybacks worth a combined 670 billion won ($615 million), in an apparent bid to appease investors angered by the sky-high price paid for property to house new headquarters.

By HYUNJOO JIN

Hyundai Motor, Kia Motors aim to raise fuel economy by 25 percent by 2020

Hyundai Motor, Kia Motors aim to raise fuel economy by 25 percent by 2020

Hyundai Motor (005380.KS) and its affiliate Kia Motors (000270.KS) said on Thursday they aim to raise the average fuel economy of their vehicles by 25 percent by 2020 to meet emissions regulations in South Korea, the United States and Europe.

By Hyunjoo Jin; Editing by Kim Coghill

Daimler cuts car market forecast as Europe wobbles

Daimler opens Beijing R&D centre to tune Mercedes-Benz to Chinese tastes

Daimler AG (DAIGn.DE) has opened a research and development (R&D) centre in Beijing tasked with further tuning its Mercedes-Benz brand to wealthy Chinese tastes and closing the sales gap with Audi AG (NSUG.DE) and BMW AG (BMWG.DE).

By NORIHIKO SHIROUZU

China's auto market growth may halve to 7 percent this year: industry body head

China's auto market growth may halve to 7 percent this year: industry body head

Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday.

By Samuel Shen and Kazunori Takada; Editing by Richard Borsuk

GM posts higher-than-expected profit on strong North American demand

GM posts higher-than-expected profit on strong North American demand

General Motors Co (GM.N) on Thursday reported a higher-than-expected profit in the third quarter on strong demand for its redesigned full-size pickup trucks in North America.

By BEN KLAYMAN AND BERNIE WOODALL

Real Time Analytics