- The number of deaths linked to a faulty ignition switch in General Motors Co vehicles rose by two last week to 21, according to a report Monday from a lawyer overseeing a programme to compensate victims of accidents caused by the recalled part.
SEOUL - Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion (6.14 billion British pound) bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.
BRASILIA/SAO PAULO - Brazil's financial markets have rallied on the prospect of environmentalist Marina Silva unseating President Dilma Rousseff in next month's election, but political donations show plenty of companies may be wary of a new administration.
DETROIT - As it strives to energise its Cadillac brand that once led the U.S. luxury auto market, General Motors Co said on Friday it will begin production of a new "top-end, high-technology car" by the end of 2015.
FLORENCE Italy - Europe's antitrust chief is considering opening more investigations over the next few weeks into European tax loopholes exploited by global companies, following on from ongoing inquiries into Apple , Starbucks and Fiat .
FRANKFURT - BMW said it will extend the contract of 59-year-old Chief Financial Officer Friedrich Eichiner by another two years, a radical step for the German auto maker which has until now forced its board members to retire at 60.
DETROIT - General Motors Co will recall about 3,200 vans powered by natural gas because of the possibility of a gas leak that increases the risk of a fire, the automaker said on Thursday.
SEOUL - Hyundai Motor Group will pay a record $10 billion (6.1 billion pounds) for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics Co Ltd and sparking investor concerns that it is wasting cash on a trophy property.
FRANKFURT - Car sales in Europe rose in August but analysts and executives pointed to a heavy reliance on government incentives in Spain and a fall in sales in big markets Germany, France and Italy as signs a European recovery may be faltering.
BERLIN - Opel Group, the European arm of General Motors , is cutting production and shedding around 500 jobs in Russia, hit by the weak Russian rouble and a plunge in local demand due to a slowing economy and Western sanctions.