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Exclusive: Hyundai directors kept in dark on size of $10 billion land bid - sources

SEOUL - Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.

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GM to offer compensation for 19 deaths related to ignition switch

WASHINGTON - General Motors Co will pay compensation for 19 deaths linked to a faulty ignition switch, according to the lawyer overseeing the compensation process, more than the 13 deaths the automaker had previously admitted were caused by the now recalled part.

Ford to launch four new car models in India over 18-20 months

NEW DELHI - Ford Motor Co plans to launch four new car models in India and is looking to increase the amount of locally-made parts to reduce the cost of its vehicles sold in the country, the head of its local unit said on Friday.

China anti-trust regulator fines Volkswagen JV and Chrysler unit

SHANGHAI - China's anti-monopoly regulator on Thursday announced its first-ever punishment of foreign carmakers for price-fixing, fining a Chinese venture of Volkswagen AG and the China sales unit of Fiat's Chrysler a combined $46 million.

GM revamping India operation, product portfolio to revive sales

NEW DELHI - General Motors Co is restructuring its India operation and evaluating its product portfolio, the U.S.-carmaker said on Thursday, as it looks to revive falling sales and increase market share in Asia's third-largest economy.