The United States on Friday cautiously welcomed Japan's interest in joining negotiations on a U.S.-led Pacific free trade pact, emphasizing that Tokyo must demonstrate its willingness to tackle longstanding trade barriers to U.S. goods and services.
ROAD TEST EDITOR JONATHAN WONG: The last-generation BMW M5 was a riot with a big, high-strung V10 sitting under the hood.
Opel's main union says any deal concerning future German pay and conditions is dependent on the automaker's Bochum plant also inking any agreement.
GM and Ford won employees' approval in Europe for labor-cost cut plans to restore earnings in the region in response to a recession that's reducing vehicle sales.
GM won worker approval at three of its Opel brand's factories in Germany to freeze wages through 2015 amid a bid by the carmaker and competitors in Europe to restore profit in a shrinking market.
GM and Ford won employees' approval in Europe for labor-cost reductions to restore earnings in the region in response to a recession that's reducing vehicle sales.
Ford CEO Alan Mulally's compensation fell 29 percent in 2012 as the company failed to hit several performance targets. Mulally's pay dropped to $20.99 million from $29.5 million in 2011. Mulally received $2 million in salary, a $3.
Most of the good news this week emanated from Germany where yours truly was reporting and tweeting live, for the first time ever, ladies and gentlemen, from the annual results press conference at Ingolstadt, Hauptstadt der Audi.
Kevyn Orr, Michigan Governor Rick Snyder's pick to take control of Detroit, will probably need every ounce of experience he gained helping Chrysler Group reorganize to create a plan for the Motor City to survive.
The chairman of Jianghuai Automobile said the company will continue to increase the quality of its vehicles as it seeks to sell more models overseas.
Honda will recall nearly 250,000 vehicles worldwide, including sedans, minivans and SUVs, due to a problem with the stability assist system which could cause the vehicle to brake unexpectedly.
Japanese carmakers look set to make sharp gains in earnings this fiscal year thanks to increased sales and a weakening yen, said the Nikkei business newspaper.
When February coincides with Brazil's Mardi Gras holiday, as it did this year, sales aren't usually good.
Maruti Suzuki India has named Kenichi Ayukawa managing director and CEO from 1 April.
PSA Peugeot Citroen must be casting some fairly envious eyes from its exclusive eyrie on the Avenue de la Grande Armee, just down from the Arc de Triomphe and across the City of Light to Boulogne-Billancourt and Renault's HQ.
Porsche is aiming to match last year's profit in 2013, the company said on Friday. In 2012 Porsche posted an operating profit of 2.44 billion euros ($3.17 billion). Porsche said net debt dropped to 1.87 billion euros at the end of December from 2.
Deutsche Bank put on sale a block of about 5.8 million Volkswagen AG preferred shares for as much as 929 million euros ($1.21 billion) in an accelerated bookbuilding.
6,197 units in the same month of last year, according to data released by the Vietnam Automotive Manufacturers Association.
Renault CEO Carlos Ghosn believes that electric vehicles can help the broader auto industry as the numbers of cars produced globally continues to rise.
VW Group remains open to making further acquisitions, though the German group has its work cut out integrating its 12 brands, CEO Martin Winterkorn said.
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