More in Globalization

  • Newswire

    CORRECTED-UPDATE 1-Beijing Auto looking to acquire a brand in Europe and U.S  

    (Corrects Volvo to Swedish from Swiss in 6th para and Saab deal date in 8th para) BEIJING, April 3 (Reuters) - Beijing Automotive Group Co, Daimler AG's Chinese partner, said on Thursday it wants to buy a "mid to high-end brand" in Europe or the United States to boost its global presence and it already has candidates in mind. The state-owned automaker said last year it was seeking to acquire an European brand, but now the search has extended to the United States, according to Dong Haiyang, who heads Beijing Auto's international expansion....More
  • Newswire

    Daimler Mulling Car Production in Russia  

    The German automaker says it is examining Russia's potential to become part of its growing worldwide production network....More
  • Newswire

    PSA Looks to Dongfeng Deal to Launch Comeback  

    The state-owned Chinese automaker and the French government each have purchased a 14% stake in struggling PSA, providing it with a cash infusion of €3 billion....More
  • Newswire

    CEO Says VW Standing By Russia Growth Plan  

    Martin Winterkorn says potential European Union sanctions against Russia following its absorption of Crimea do not mean the automaker should "scale back" its expansion plans for the country....More
  • Newswire

    Russia Turmoil Puts BMW Business at Risk, CFO Says  

    The crisis has not yet prompted BMW to change its outlook for Russia, one of its fastest-growing markets with an 11.8% sales boost to nearly 45,000 vehicles in 2013....More
  • Newswire

    UPDATE 2-VW's Audi says new models, factories to weigh on profit  

    * 2014 op margin within 8-10 pct range vs 10.1 pct in 2013 * 2014 sales to rise above 50 bln euros * May assemble more cars abroad than in Germany for 1st time * Mercedes to shrink sales gap to Audi - IHS (Adds company, analyst comments, details, background, shares) By Andreas Cremer...More
  • Newswire

    EV Maker Tesla Expands European Sales Network  

    The luxury electric-vehicle maker sold most of its cars in the U.S. last year, but it expects this year to deliver nearly twice as many Model S sedans in Europe and Asia as in North America....More
  • Newswire

    UPDATE 2-VW budget car plan stalls as struggles to meet cost targets  

    * Hard to hit cost targets for budget car - VW brand exec * Says will keep trying to meet internal cost requirements * Lack of budget car for emerging markets a problem for VW * Hyundai, Toyota, Renault see strong growth in the segment (Adds analyst comment, background) By Andreas Cremer...More
  • Feb 26, 2014

    Auto Industry Pushes for Currency-Manipulation Crackdown in TPP Trade Talks 2

    U.S. automakers are insisting any future bilateral trade agreements commit in writing promises not to manipulate currency-exchange rates, with Japan in the crosshairs. And for once U.S lawmakers are listening....More
  • Newswire

    New GM China Chief Eyes 10% Sales Boost in 2014  

    Matt Tsien says he is tasked with sustaining growth in the world's biggest auto market, which accounts for about one-third of GM's global volume....More
  • Newswire

    Loss-Making PSA Announces Financing Deal With Dongfeng  

    The Chinese automaker and the French government will buy a 14% stake in PSA Peugeot Citroen, which announced a net loss of €2.32 billion for 2013 compared with €5.01 billion prior-year....More
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An ignition-switch recall has General Motors facing its first corporate crisis since bankruptcy. What would be its next most sensible move? (Log in or register to vote.)

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