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Co-owner and Chairman Li Shufu, whose Zhejiang Geely Holding Group bought Volvo from Ford in 2010, tells a Swedish newspaper he aims for 800,000 annual sales by 2020, almost double last year's volume....More

The automaker says the modular architecture of the 1.0L to 1.5L engines will allow them to be adapted to different needs of the global markets where they are sold....More

The World Intellectual Property Organization says efforts to reduce carbon-dioxide emissions helped raise automakers' patent filings 84% from 2010 to 2013....More

* S. Korean firms see 2014 car sales at 7.86 mln, up 4 pct * Quick weakening of yen favours exports by Japanese peers * Shares skid with won at 5-year high vs dollar, yen By Hyunjoo Jin SEOUL, Jan 2 (Reuters) - The man who led South Korea's auto industry on a tear through the last decade said Hyundai Motor Co and Kia Motors Corp expect what will be their lowest annual sales growth since 2003 as the weak yen fires up Japanese rivals....More