More in Globalization

  • Newswire

    UPDATE 2-Russia may ban car imports if West applies new sanctions-Vedomosti  

    * Automakers with Russian factories likely to be exempt: report * Mercedes-Benz, with no Russia car production, could suffer * Chinese, Korean carmakers might benefit from embargo (Adds comment by a European lobby group, details) By Maria Kiselyova and Katya Golubkova...More
  • Newswire

    Hyundai Plans Two New Auto Plants in China  

    A Korean newspaper says Hyundai plans to remodel a Beijing facility owned by its Chinese partner, Beijing Automotive Industry Holding, as well as work with its partner to develop a plant in Chongqing....More
  • Newswire

    GM to Invest $2.8 Billion in Brazil Over 5 Years, Barra Says  

    CEO Mary Barra says the automaker is underscoring its commitment to one of its most important markets by investing in new products, technology and maintaining plants....More
  • Newswire

    PSA Denies Report of Alliance With India's Mahindra  

    The French automaker, denying an Indian newspaper's report it is discussing shared production capacity and other issues with the Indian conglomerate, says it is focused for now on "recovery of the group."...More
  • Newswire

    Mercedes Cuts Parts Prices as China Monopoly Probe Continues  

    Daimler's luxury unit says it is cutting prices on more than 10,000 spare parts an average 15% as China regulators combat what they consider price-gouging on repair and replacement components by many foreign automakers....More
  • Newswire

    FCA's Marchionne Would Consider Alliances With All Automakers  

    The Fiat Chrysler CEO says the automaker would be "open to discussions with everybody," especially if an alliance could enhance the cost structure and market presence of its brands....More
  • 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
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×