Toyota recalls 247,000 vehicles in U.S. over Takata air bags


DETROIT - Toyota Motor Corp recalled 247,000 cars, SUVs and pickup trucks in the United States on Monday because of potentially defective front passenger air bag inflators from Japan's Takata Corp that can rupture and spray metal shrapnel, according to U.S. safety regulators.


Deaths linked to GM ignition-switch defect rise to 29 3:51pm BST

DETROIT - A programme to compensate victims of a faulty ignition switch in General Motors Co vehicles has approved two new death claims, bringing the total number of deaths linked so far to the switch to 29, according to a report released on Monday by the lawyer overseeing the programme.


BMW finance chief sees further growth in 2015: paper 18 Oct 2014

FRANKFURT - BMW expects sales to rise further next year as new models boost demand, the German carmaker's finance chief told a newspaper on Saturday, without giving a detailed forecast.


European car sales jump 6.1 percent in September 17 Oct 2014

BERLIN - European car sales rose 6.1 percent year on year in September, benefiting from an extra selling day compared with 2013 and with brands like Volkswagen and Ford enjoying stronger sales in Germany, France and Italy.


Volkswagen to recall over 580,000 cars in China - government 17 Oct 2014

SHANGHAI - Volkswagen AG told China's quality watchdog that it planned to recall more than 580,000 cars in the country, after the agency launched an investigation in August.

Colt Group appoints new CFO as Ferrari returns to Fidelity 17 Oct 2014

- Telecoms provider Colt Group SA said Chief Financial Officer Mark Ferrari would leave the company at the end of the year and appointed Hugo Eales in his place effective Nov. 1.


China to punish carmakers who fail to meet fuel targets in 2015 16 Oct 2014

SHANGHAI - China said on Thursday it would punish carmakers by restricting their production and publicly naming them if they fail to meet fuel consumption requirements on passenger vehicles set for 2015.


Online growth prospects help Japan's Recruit shine in market debut 16 Oct 2014

TOKYO - Staffing firm Recruit Holdings Co Ltd surged in its market debut in Tokyo on Thursday, with investors leaping at a rare opportunity to grab part of a big Japanese company with strong online growth prospects.


Orange, Renault stake sales not priority for France - minister 16 Oct 2014

PARIS - French Economy Minister Emmanuel Macron said on Thursday that selling state stakes in telecoms company Orange or carmaker Renault was not a priority for the government as it undertakes a privatisation drive.


Juncker confirms reshuffle of transport, energy posts in EU team 15 Oct 2014

BRUSSELS - The European Union's incoming chief executive, Jean-Claude Juncker, confirmed a reshuffle of his team on Wednesday, assigning transport to Slovenia's Violeta Bulc and the vice-presidency for energy union to Slovakian Maros Sefcovic.