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Exclusive - Ford to base Fusion production in China, ship to U.S.: sources


Ford Motor Co plans to consolidate global production of midsize sedans in China in 2020 and ship them to the United States and Europe, three sources said on Wednesday.


Renault gears up for driverless cars by buying magazines 4:09pm GMT

PARIS French carmaker Renault has bought a stake in a glossy magazine publishing group, its first foray into media, as it prepares to keep travellers occupied in the era of driverless cars.


Toyota, Panasonic consider joint development of EV batteries 2:09pm GMT

TOKYO Toyota Motor Corp is considering making batteries for electric vehicles (EV) with Panasonic Corp, as it ramps up battery development to help meet its goal for green cars to comprise half of global sales by 2030. | Video


German watchdog recalls VW Touaregs over defeat devices 12 Dec 2017

HAMBURG/BERLIN Germany's KBA automotive watchdog on Tuesday announced a recall of Volkswagen's flagship European sport-utility vehicles (SUV) with 3-litre diesel engines after detecting two illicit emissions control devices in the models.

Seasonal battery demand, tight supply to buoy lead prices 12 Dec 2017

LONDON Seasonally strong demand from battery makers, tight supplies caused by mine shutdowns and dwindling inventories in London Metal Exchange warehouses are expected to sustain lead prices, which recently hit six-year highs.


Audi CEO drops plan to sell motorcycle brand Ducati 12 Dec 2017

INGOLSTADT, Germany Germany's Audi has abandoned plans to sell its Italian motorcycle brand Ducati, its chief executive Rupert Stadler said, in a sign of confidence that the carmaker expects to be able to carry the costs of its transformation.

Spain to sell 7 pct of state-owned lender Bankia -source 11 Dec 2017

MADRID Spain's bank bailout fund plans to sell about 7 percent of state-owned lender Bankia and has hired UBS, Deutsche Bank and Morgan Stanley to manage the sale, a source with knowledge of the situation told Reuters on Monday.

Putin says Russia to permanently keep air base and naval facility in Syria 11 Dec 2017

MOSCOW President Vladimir Putin said on Monday that Russia would keep its Hmeymim air base in Syria's Latakia Province as well as its naval facility at Tartous "on a permanent basis" despite a decision to start pulling some of its forces out of Syria.


Nokia's COO quits after eight months in the job 11 Dec 2017

HELSINKI Nokia said its chief operating officer will leave the telecom network equipment maker, which is struggling in the face of a shrinking market and tough competition, after just eight months in the job.


Italian fund denies seeking to raise stake in Aston Martin 10 Dec 2017

MILAN Italy's Investindustrial is not in talks to increase its stake in Aston Martin and no decision has been taken on a possible stock market listing for the British carmaker, the private equity group said, denying an earlier newspaper report.