Newswire stories are accessible to registered WardsAuto users and those with Premium access. Register Now

Most Recent

Newswire

German stocks - Factors to watch on September 22  

FRANKFURT, Sept 22 (Reuters) - The following are some of the factors that may move German stocks on Monday: SIEMENS The industrial conglomerate said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in a move that would significantly boost the German company's oil and gas business in North America. Germany's Siemens said its $83 per-share bid was unanimously supported by Dresser-Rand's board of directors....More
Newswire

RUSSIA SUMMIT-Russian car industry facing lacklustre two years -Ford's Russian venture  

(For other news from Reuters Russia Investment Summit, click on http://www.reuters.com/summit/Russia14) By Gleb Stolyarov and Maria Kiselyova MOSCOW, Sept 22 (Reuters) - Russia's auto market shows no signs of improving in the next two years having been hit by an economic slowdown and weak rouble, the head of Ford Motor Co's Russian venture told Reuters. Sanctions over Ukraine have hurt the Russian economy, hitting car sales to a growing middle class while imported car parts have become more expensive....More
Newswire

BRIEF-HMT Xiamen's online part of IPO attracted interest amounting to 755.7 times amount on offer  

Sept 22 (Reuters) - HMT (Xiamen) New Technical Materials Co Ltd * Says online part of its shares sale attracted interest amounting to 755.7 times the amount on offer Source text in Chinese: http://bit.ly/1rrfbRG (Reporting by Hong Kong and Singapore newsrooms)...More
Newswire

Italy - Factors to watch on September 22  

The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). ECONOMY The Italian state has freed up more than 30 billion euros to pay debts owed by public-sector bodies to suppliers, but old systems and inefficiency have slowed down repayments, the prime minister's office said on Sunday....More
Newswire

INDIA PRESS-Maruti Suzuki working on low-cost hybrid technology - Economic Times  

(http://bit.ly/1C2pAqd) Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Aby Jose Koilparambil in Bangalore)...More
Newswire

INDONESIA PRESS-Astra Agro to expand into poultry feed, sugarcane plantations - Bisnis Indonesia  

PT Astra Agro Lestari Tbk, the plantation unit of PT Astra International Tbk, is planning to expand into the poultry feed and sugarcane plantation businesses, said CEO Widya Wiryawan. A source said Astra plans to acquire a poultry feed firm in East Java and is seeking a minimum of 3,000-hectares of land for its sugarcane plantations....More
Newswire

Siemens to sell stake in household appliances JV for 3 bln eur  

Sept 22 (Reuters) - Industrial conglomerate Siemens AG said it would sell its 50 percent stake in household appliances joint venture Bosch und Siemens Hausgeräte GmbH (BSH) to Robert Bosch GmbH for 3 billion euros ($3.85 billion). Siemens and Bosch said in an emailed statement that BSH would pay them an additional distribution of 250 million euros before the deal completes. (1 US dollar = 0.7786 euro) (Reporting by Richa Naidu in Bangalore; Editing by Sandra Maler)...More
Newswire

Volkswagen seeks higher margins with China-only luxury sedan -sources  

By Samuel Shen and Kazunori Takada SHANGHAI, Sept 22 (Reuters) - Volkswagen AG will launch a VW-badged luxury sedan designed solely for China next year in its pursuit of higher margins, said two people with knowledge of the plan, in a move that could put it in direct competition with its premium brand Audi....More
Newswire

Motor racing-Burnt Magnussen claims "hardest point" in Singapore  

By Patrick Johnston SINGAPORE, Sept 21 (Reuters) - McLaren's Kevin Magnussen labelled his 10th place finish at the stifling Singapore Grand Prix on Sunday as the hardest point he had earned in Formula One after he suffered burns from his overheated car. The demanding two-hour race under the floodlights along the 23-turn Marina Bay street circuit is always one of the toughest on the calendar with evening temperatures around 30 Celsius and humidity high in the Southeast Asian city state....More
Newswire

General Motors recalls cars over parking brake fire risk  

WASHINGTON, Sept 21 (Reuters) - U.S. car manufacturer General Motors Co is recalling hundreds of thousands of cars over a defect in the parking brake that could cause a fire, a letter by the top U.S. auto safety regulator showed. The problem occurred with GM's 2013-2015 Cadillac XTS and the 2014-2015 Chevrolet Impala, said the Sept. 19 letter from the National Highway Traffic Safety Administration (NHTSA), seen by Reuters....More
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×