More in Globalization

  • 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
  • Newswire

    Deal Between PSA, Dongfeng Developing, Sources Say  

    Sources say the French and Chinese automakers will maintain their existing joint venture, adding both R&D capability and a greater presence in Southeast Asia markets....More
  • Newswire

    Fiat's Russian van project delayed-sources  

    By Gleb Stolyarov MOSCOW, Feb 11 (Reuters) - Italian carmaker Fiat SpA's plan to assemble its Ducato van in Russia has been put on hold due to a contractual dispute with its Russian partner, two sources close to the matter said. Many western carmakers have invested heavily in recent years in Russia, which had been expected to overtake Germany as Europe's biggest market, but Russian car and van sales have been falling as the economy faltered and are expected to remain weak this year....More
  • Newswire

    Exec Says FCA Moving Tax Base to U.K. in Bid for U.S. Investors  

    Fiat Chairman John Elkann tells an Italian newspaper establishing the U.K. as the newly formed Fiat Chrysler Automobiles group's tax domicile offers "more favorable rules for American investors."...More
  • Newswire

    OFFICIAL CORRECTION -UPDATE 2-Tesla Motors outlines aggressive China growth plan  

    By Norihiko Shirouzu BEIJING, Jan 24 (Reuters) - U.S. electric carmaker Tesla Motors Inc expects China to contribute one-third of its global sales growth this year, a senior executive said on Friday, adding that a trademark issue stalling full-entry into China has now been resolved. Veronica Wu, vice president of Tesla's China operations, told Reuters the Palo Alto, California-based company planned to open stores in 10 to 12 Chinese cities by the end of 2014. Its flagship Beijing store opened late last year....More
  • Newswire

    Tesla Promises "Competitive" Pricing in China  

    The electric-vehicle maker says its Model S, which sells for $81,070 in its U.S. home market, will retail for RMB734,000 ($121,300) in China after shipping costs, import duty and other taxes....More
  • Newswire

    Chinese Regulators Open Door for Volvo-Dongfeng JV  

    The Swedish truck maker says its purchase of 45% of a new Dongfeng subsidiary is crucial in its bid to boost sales 50% in the Asia-Pacific region....More
  • Newswire

    UPDATE 2-Renault's budget cars power global sales gain  

    * Renault says vehicle sales rose 3.1 pct in 2013 * Sees global market up 2 pct, Europe 1 pct in 2014 * Renault says Iran production yet to resume * Slump threatens mid-term deliveries goal -sales chief (Adds executive comment on mid-term goals, Iran sanctions) By Gilles Guillaume...More
  • Newswire

    Fiat Says Chrysler Acquisition Complete  

    The Italian automaker has full control of Chrysler after paying $4.35 billion to a union health-care trust for the 41.46% of shares it did not already own....More
  • Newswire

    Hyundai Deploys New Models in Battle for European Market Share  

    The Korean automaker is putting 22 new models and derivatives on the European market over the next four years, aiming to raise its share in the region from 3.4% last year to 5% by 2020....More
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