United Kingdom


Volvo Car Group says retail sales rise 11.3 percent in April


STOCKHOLM Volvo Car Group, owned by China's Zhejiang Geely Holding Group Co., said on Tuesday retail sales of its models grew 11.3 percent in April, marking the 11th straight month of year-on-year growth for the automaker.


France presses Renault to cut CEO pay after investor revolt 03 May 2016

PARIS France will maintain pressure on Renault to rein in Carlos Ghosn's pay, Economy Minister Emmanuel Macron said on Tuesday, after shareholders voted against the chief executive's 7.2 million euro (5.70 million pound) payout for 2015.


BMW says staff defections have not decimated electric cars team 03 May 2016

FRANKFURT BMW Chief Executive Harald Krueger said the carmaker had enough staff to continue developing its cutting-edge electric vehicles programme known as "Project i", despite recent defections of key staff to a Chinese electric vehicle startup.

BMW sees triple-digit million euro currency, commodity tailwinds 03 May 2016

FRANKFURT BMW expects a triple-digit million euro gain from currency and commodities effects this year, Chief Financial Officer Friedrich Eichiner said on a conference call with journalists on Tuesday.


Marchionne to succeed Felisa as Ferrari CEO 02 May 2016

MILAN Ferrari Chairman Sergio Marchionne will also become the luxury carmaker's chief executive after Amedeo Felisa's decision to retire, the company said in a statement on Monday.


Union warns Volkswagen could face protests if wage talks delayed 02 May 2016

BERLIN Germany's IG Metall warned Volkswagen on Monday that it could face protests from workers if it sought to delay talks about wage rises for 120,000 staff who work for the carmaker in western Germany.


Mitsubishi mini-vehicle April sales slump after mileage cheating scandal 02 May 2016

TOKYO Mitsubishi Motors' mini-vehicle sales slumped in April after the Japanese automaker admitted to overstating the mileage of its pint-sized cars sold at home, while Nissan Motor's sales also tumbled as some of its cars are made by Mitsubishi.


Daimler hires Deloitte for internal emissions probe 30 Apr 2016

FRANKFURT Daimler has hired auditor Deloitte Touche Tohmatsu to help with an internal investigation into its diesel-engine emissions technology requested by the U.S. Department of Justice, the luxury car maker said.


Nissan to recall 3.53 million vehicles: air bags may not deploy 29 Apr 2016

WASHINGTON Nissan Motor Co Ltd said on Friday it will recall 3.53 million vehicles, most in the United States, citing passenger-side air bags that may not work properly because vehicle sensors may malfunction.

German inflation turns negative in April, weaker than expected 29 Apr 2016

BERLIN German consumer prices unexpectedly fell in April, data showed on Thursday, illustrating the scale of the task the European Central Bank faces in trying to propel inflation back to its target range.