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Consumer Reports says Tesla misunderstands 'positive' Model 3 rating

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DETROIT Consumer Reports said on Friday that Tesla Inc had apparently misunderstood the "average" reliability rating the magazine assigned to the electric carmaker's Model 3 sedan this week, calling it generally "positive" for an all-new vehicle.

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BMW raided in cartel investigation as Daimler claims immunity

MUNICH/BRUSSELS BMW's headquarters were raided by European Union officials investigating an alleged cartel among German carmakers, it said on Friday, as rival Daimler claimed whistleblower status in an effort to avoid fines.

Budget 2017, Business 20 Oct 2017
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Nissan's inappropriate inspections started at least 20 years ago - NHK

TOKYO Inappropriate inspection practices at Nissan Motor Co Ltd had been going for at least 20 years, Japanese national broadcaster NHK reported on Friday, in a new revelation that could further roil Japan's second-biggest automaker.

Budget 2017, Business, Japan 20 Oct 2017
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Nissan to suspend domestic production of cars for Japan market

TOKYO Nissan Motor Co Ltd is suspending domestic production of vehicles for the Japanese market for at least two weeks to address misconduct in its final inspection procedures that led to a major recall, it said on Thursday.

Budget 2017, Business, Japan 19 Oct 2017
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Japan carmakers vouch for safety of Kobe Steel's aluminium parts

TOKYO Four Japanese automakers on Thursday said they found no safety issues with aluminium parts supplied by Kobe Steel Ltd, allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles.

Tech, Budget 2017, Business, Japan 19 Oct 2017
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Ford to recall 1.34 million trucks in North America for door latch fix

WASHINGTON Ford Motor Co said on Wednesday it would recall 1.34 million 2015-17 Ford F-150 and 2017 Ford Super Duty trucks in North America to add water shields to side door latches at a cost of $267 million.

Budget 2017, Business, Tech 19 Oct 2017
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Nissan used uncertified inspectors even after misconduct found: sources

TOKYO Nissan Motor Co had conducted uncertified vehicle checks as recently as last week even after revealing the widespread misconduct at its domestic factories, two sources with direct knowledge of the matter said on Wednesday.

Budget 2017, Business 18 Oct 2017
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GM's Ammann says company moving 'really quickly' on autonomous cars

Laguna Beach, Calif. After a series of acquisitions, General Motors Co has the building blocks it needs to deploy a large-scale fleet of robot cars, the automaker's president said on Tuesday.

Tech, Budget 2017, Business 18 Oct 2017

Business News

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Saudi's Almarai third-quarter profit flat, warns of adverse market conditions

DUBAI Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a flat third-quarter net profit on Sunday, and warned it remained cautious on the year due to adverse market conditions.

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Toyota to halt operations at all Japan plants as typhoon precaution

TOKYO Toyota Motor Corp will suspend operations at all of its assembly plants in Japan, including those of its subsidiaries, from Monday morning as a precautionary measure as a powerful typhoon approaches Japan's mainland, a spokesman said.

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U.S. tax plan hopes lift global stocks, dollar strengthens

NEW YORK World stocks advanced, bond yields rose and the U.S. dollar strengthened on Friday on increased hopes President Donald Trump could make progress on his fiscal plans after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.

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Global Economy: High noon for the ECB, Draghi at the QE Corral

FRANKFURT Not for the first time, European Central Bank President Mario Draghi is facing a tricky balancing act.