Newswire

  • Newswire

    Obama-Abe summit seen giving impetus to trade but no deal-official  

    WASHINGTON, April 18 (Reuters) - Next week's meeting between U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe is a good opportunity to give impetus to trade negotiations but will not seal a deal, a senior U.S. administration official said on Friday. Japanese and U.S. trade officials will meet again on Monday in the lead-up to the leaders' talks to discuss sticking points in bilateral trade which are holding up agreement on the wider Trans-Pacific Partnership initiative....More
  • Newswire

    UPDATE 2-Japan says trade talks with U.S. to resume on Monday, gaps remain  

    * Trade negotiators struggle ahead of U.S.-Japan summit * LiNo progress seen in key areas -Japan's Amari * US willing to let Japan keep some farm tariffs - Japan media (Adds new comment from Amari, details of Monday meeting) By Krista Hughes and Kaori Kaneko...More
  • Newswire

    Trade deal eluding U.S., Japan, senior U.S. official says  

    WASHINGTON, April 18 (Reuters) - U.S. and Japanese trade negotiators have been unable to reach a deal to open Japan's markets more widely to imports ahead of President Barack Obama's visit to Japan, a senior U.S. administration official said on Friday. Negotiators are down to a relatively limited set of outstanding issues but considerable differences separate the two sides, the official told reporters, speaking on condition of anonymity....More
  • Newswire

    China's Geely to consolidate branding, sales  

    By Samuel Shen and Norihiko Shirouzu BEIJING, April 18 (Reuters) - Geely Automobile Holdings Ltd , whose parent company owns Swedish carmaker Volvo, announced on Friday a plan to phase out its three brands and consolidate them under the Geely name as part of a restructuring effort to shore up sales and cut costs. Geely, controlled by Li Shufu, the Chinese billionaire who acquired Volvo in 2010 through Geely's parent company, currently sells cars in China under the Emgrand, Gleagle and Englon brands through three different sales channels....More
  • Newswire

    UPDATE 1-Auto airbag maker Continental named in GM recall suit  

    * Lawsuit filed in California against U.S. subsidiary * Continental made airbags for recalled cars * Continental says systems meet customers' requirements (Adds Continental AG statement) By Jessica Dye April 18 (Reuters) - Plaintiffs' lawyers are seeking to draw Continental Automotive Systems U.S., the maker of airbag systems in recalled General Motors Co vehicles, into litigation over an ignition-switch defect that has been linked to 13 deaths....More
  • Newswire

    UPDATE 1-Audi expects to sell half million cars in China this year  

    * Audi plans car sales of around half a million in China * Aims for 500 Chinese dealers by 2017, from 341 last year (Adds quotes, details) By Norihiko Shirouzu BEIJING, April 18 (Reuters) - Volkswagen's luxury division Audi plans to sell about half a million cars this year in China, the world's biggest auto market, and raise the number of its Chinese dealers to 500 by 2017....More
  • Newswire

    BRIEF-China wheels maker Zhejiang Jingu private placement to raise up to 634 mln yuan  

    April 18 (Reuters) - Zhejiang Jingu Co Ltd * Says plans private placement of shares to raise up to 634 million yuan ($101.95 million) Source text in Chinese: http://link.reuters.com/tuj68v Further company coverage: ($1 = 6.2190 Chinese Yuan) (Reporting by Hong Kong and Singapore newsrooms)...More
  • Newswire

    Audi expects to sell half million cars in China this year  

    BEIJING, April 18 (Reuters) - Volkswagen's flagship luxury division Audi said it plans to sell half a million cars this year in China, the world's biggest auto market, and raise the number of its Chinese dealers to 500 by 2017. Audi Chief Executive Rupert Stadler made the comments to reporters on Friday ahead of the Beijing auto show, which opens on Sunday. In 2013, it sold 488,000 vehicles in China and a total of 492,000 including Hong Kong. Audi is stepping up efforts to unseat German rival BMW as global luxury-car sales leader....More
  • Newswire

    India's Bajaj Auto says union at Chakan plant plans work stoppage  

    MUMBAI, April 18 (Reuters) - Bajaj Auto, India's second-largest motorcycle maker, said on Friday the union at its Chakan factory in western India had proposed a work stoppage from April 28. The union's proposal to stop work comes less than a year after the plant's workers had gone on a strike that lasted nearly two months. (Reporting by Aradhana Aravindan; editing by Jane Baird)...More
  • Newswire

    Ford, IBM to face renewed U.S. lawsuit over apartheid-era abuses  

    By Jonathan Stempel NEW YORK, April 17 (Reuters) - Ford Motor Co and IBM Corp will again have to face a U.S. lawsuit claiming they encouraged race-based human rights abuses in apartheid-era South Africa, despite a series of recent court decisions limiting the right to pursue such cases....More
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A number of high-volume recalls have followed the GM ignition-switch scandal. What is the No.1 cause of this latest trend? (Log In or Register to vote)

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