Autos

Nissan to sell 41 percent stake in Calsonic Kansei to KKR - Nikkei

Nissan Motor Co will sell 41 percent of its stake in auto parts supplier Calsonic Kansei Corp to U.S. buyout firm KKR & Co , the Nikkei reported.

Daimler expresses regret over Chinese parking row involving senior manager 4:47pm GMT

BEIJING Daimler AG apologised on Monday for an incident in China that local media said involved a senior executive of the German luxury car maker making disparaging comments to people in a parking row.

EU has no concerns yet about UK's Nissan deal, awaits details 10:03am GMT

BRUSSELS The European Union's competition chief said on Monday she did not see any concerns over a British assurance to Japanese carmaker Nissan related to Brexit, but that she was still waiting for details to have more clarity about the case.

Volkswagen CEO says sees case for building own battery factory - paper 20 Nov 2016

FRANKFURT Europe's largest carmaker Volkswagen sees building its own factory to make electronic vehicle batteries as a logical move as it expands production of low-emission cars after its emissions scandal.

VW no longer expects tax demands in Germany related to diesel scandal 19 Nov 2016

FRANKFURT Volkswagen does not expect the German government to make tax demands to cover revenue losses related to the carmaker's diesel scandal, a company spokesman said on Saturday.

Under pressure on U.S. jobs, Ford tries new gambit with Trump 19 Nov 2016

WASHINGTON Ford Motor Co , one of Donald Trump's prime corporate targets on the campaign trail, offered the President-elect a chance to claim a victory late on Thursday by informing him it would not shift production of a Lincoln sport utility vehicle to Mexico from Kentucky. | Video

McLaren shareholders have rejected bids, not looking to sell 18 Nov 2016

WOKING, England Shareholders in McLaren's Formula One team and luxury sports car sister company are committed to both businesses and have turned down bids from prospective buyers, the CEO of the brand's automotive firm told Reuters on Friday.

Volkswagen agrees deal with unions to cut 30,000 jobs 18 Nov 2016

WOLFSBURG, Germany Volkswagen and its labour unions agreed to cut 30,000 jobs at the core VW brand in exchange for a commitment to avoid forced redundancies in Germany until 2025, a compromise which leaves the carmaker's profitability still lagging rivals. | Video

Automakers in China on tenterhooks over fate of key tax break 18 Nov 2016

GUANGZHOU, China Carmakers in China are fretting over whether a tax break that has propped up sales this year will be extended, with an end to the policy possibly leading to the first annual decline in sales on record for the world's largest auto market.

With tougher rules, China wants fewer, but better, electric car makers 18 Nov 2016

GUANGZHOU, China After paying out billions of dollars in subsidies to promote greener cars - and creating a gold-rush among unknown start-ups - China is tightening its grip on the world's biggest electric vehicle (EV) market to weed out weaker domestic firms.