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  • Newswire

    UPDATE 1-Mercedes-Benz exec says not aware of any price probe in China  

    (Recasts with quotes from executive, spokesman) SHANGHAI, July 22 (Reuters) - A China executive at Daimler AG's Mercedes-Benz said he was not unaware that the company was under any government probe into spare part prices. Local and foreign media reported last week that Mercedes-Benz as well as other foreign car makers were being probed by the National Development and Reform Commission (NDRC), the country's price regulator, for possibly over-charging customers in China....More
  • Newswire

    UPDATE 1-VW plans 5 bln euros in cutbacks to boost brand margins  

    * VW may cease models, cut procurement costs * VW brand trails 6 pct profit margin goal * VW drawing up new mid-term group efficiency program (Adds CEO quote, detail and background) HAMBURG/BERLIN, Germany, July 15 (Reuters) - Volkswagen plans to cut costs at its core passenger-car brand by about 5 billion euros ($6.8 billion) per year from 2017, according to documents obtained by Reuters on Tuesday....More
  • Newswire

    BMW to Hike EV Battery Cell Orders 20%-30% in 2016  

    South Korea's Samsung SDI, the German luxury automaker's captive supplier, will increase shipments of battery cells for the i3 and i8 electric vehicles and start supplying future models such as the X5 plug-in hybrid....More
  • Newswire

    CORRECTED-Demand from U.S. automakers could boost aluminium price -Japan industry body  

    (Corrects paragraph 9 to show target is 6.5 mln T, not 650,000 T, and that current demand is 4 mln T) * Ford plans to launch aluminium-intensive truck, others could follow * Could push aluminium price to $2,500 per T -Japan industry body * Premiums paid by Japanese buyers are too high -industry group...More
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