Daimler AG was charged with violating U.S. bribery laws related to deals in at least 22 countries over almost a decade, according to a document filed in a U.S. court today. The U.S.
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German car and truck maker Daimler AG was charged on Tuesday with violating U.S. bribery laws by showering foreign officials with millions of dollars and gifts of luxury cars to win business deals. Full story…
Ford chief executive Alan Mulally's pay package rose almost 6% to US$17.9m in 2009 as the automaker returned to profitability and won union concessions.
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Ford chief executive Alan Mulally’s pay package rose almost 6% to US$17.9m in 2009 as the automaker returned to profitability and won union concessions. Full story…
General Motors subsidiary Opel has given unions at the threatened plant in Antwerp until mid-April to agree to finalise a social plan for all 2,600 workers at the Belgian factory.
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Honda Motor will not cooperate with rival automakers as it seeks to boost its presence in Asia, a top executive said.
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Toyota Motor has lifted its global production plans by 1% to 7.57m vehicles for 2010, anticipating better demand in Japan and other Asian markets, a source at a group company has said.
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Toyota has named its new European chief quality officer following the decision to create the post in each of its key geographical regions.
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Nissan Motor is considering buying V8 petrol engines and large-displacement diesels from Daimler, sources familiar with the matter told Japanese media on Tuesday.
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Mercedes' tuning arm is set to go it alone again with compact V6 saloon previewed by F800 Concept
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Nissan Motor sales in China last year rose 48% to a record 518,968 passenger vehicles, and aims to sell 600,000 passenger vehicles next year, up 16%. Nissan's Chinese joint venture has said it expects its total sales in China, including commercial vehicles, to reach 1m units in 2010, hitting the milestone ahead of the earlier planned 2012.
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BorgWarner expects compound annual sales growth of 45% in China until at least 2014 as it expands there, its chief executive has said.
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General Motors do Brasil has said it would spend BRA$1.4bn (US$778m) on two plants in São Caetano do Sul and Mogi das Cruzes, both in the state of São Paulo.
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Zhejiang Geely Holding Group on Tuesday said talks to buy Ford's Volvo car unit were on track and it expected to sign an agreement in about a week.
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Ford Russia and its labour union failed to reach an agreement during their recent negotiations, the union said in a statement published on the web site of the Interregional Auto Workers Union.
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Race-prepared version of AMG's supercar breaks cover with 600bhp 6.3-litre V8
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Seating specialist Lear Corporation has filed a registration statement with the Securities and Exchange Commission (SEC) to start a senior notes offering of US$700m.
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Game-changing 2015 fuel economy rules are forcing vehicle development teams to make high-stakes bets on expensive technologies--bets that will separate the winners from the also-rans.
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New vehicle sales in Malaysia rose by 8.7% to 40,654 units in February, from 37,386 a year earlier, according to data released by the Malaysian Automotive Association (MAA).
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