More in Globalization

  • Newswire

    JV With Ford Cuts Russian Automaker Sollers's Profit  

    The Russian automaker says its first-half net profit plunged to $7 million, compared with $45.7 million year-ago, mainly because its 50-50 joint venture with Ford posted a net loss of $91 million....More
  • Newswire

    Tesla, China Telecom Business Cut Car-Charging Deal  

    The American EV manufacturer will team with China Unicom to install charging stations at 400 of the mobile carrier's stores in 120 Chinese cities, as well as supercharging outlets in 20 cities....More
  • Newswire

    Russia's Troubles Not Slowing Renault  

    The French automaker, which recently increased its stake in Russian automaker AvtoVAZ, would benefit from possible government subsidies that would stabilize demand....More
  • Newswire

    Executives With Volkswagen's Chinese JV Under Investigation  

    The country's corruption watchdog has not stated specific allegations against Li Wu, former deputy general manager of FAW-Volkswagen Automotive Co., and Zhou Chun, deputy general manager of the JV's Audi sales division....More
  • Newswire

    UPDATE 2-China tells German auto suppliers to find partners - paper  

    * Chinese regulator becoming increasingly assertive * Executive says companies targeted for their expertise * Several companies say unaware of such Chinese demands (Adds comments from ElringKlinger interview, company reactions, background) By Edward Taylor and Samuel Shen...More
  • 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
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