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  • Newswire

    UPDATE 2-Daimler, Renault-Nissan extend manufacturing alliance  

    * Alliance struck in 2010 has ballooned * The carmakers share engines and factories * Cost savings in excess of 2 billion euros (Adds additional comments from Renault, Daimler CEO's) By Edward Taylor and Gilles Guillaume PARIS, Oct 3 (Reuters) - Daimler and Renault-Nissan are extending a manufacturing alliance, the two carmakers said on Friday, adding that there were no limits to how the cooperation could evolve....More
  • Newswire

    Yazaki Reaches $76 Million Settlement in U.S. Price-Fixing Case  

    The settlement with U.S. car buyers by the Japanese company is the largest to come out of an ongoing federal investigation of auto-parts price-fixing....More
  • Newswire

    UPDATE 2-China antitrust regulator fines two Japan auto parts makers  

    (Adds Yazaki receiving NDRC notification, Denso comment) TOKYO, Aug 19 (Reuters) - Two Japanese automotive bearings makers said on Tuesday a Chinese regulator has ordered them to pay fines for violating antitrust laws as Beijing intensifies its scrutiny of business practices in the auto sector....More
  • Newswire

    Korean Company Plans Talks With Tesla on Supplying Carbon Fiber  

    GS Caltex reportedly will meet later this month with Tesla to discuss supplying the electric-vehicle maker with the lightweight material currently used in high-end vehicles and racing cars....More
  • Newswire

    Japanese Automakers Cut Parts Prices in China Amid Anti-Monopoly Probe  

    Toyota and Honda says their joint ventures with Chinese partners will cut spare-parts prices in response to the probe, while Nissan's JV with local automaker Dongfeng says it is "actively studying" responses to regulators' suggestions....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

    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
  • Newswire

    Russia to Curb Government Procurement of Imported Cars  

    The country's industrial ministry's proposed restrictions on procurement of imported cars by state institutions and regional governments is meant to spur demand for locally built models....More
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