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Insight: Lost in translation? GM plant shutdown shocks South Korea

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SEOUL Only weeks into a new job heading General Motors Co's international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM's loss-making local unit.

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Tesla delays, tax credit concerns spur sales of Chevy Bolts

SAN FRANCISCO Some potential buyers of Tesla's long-delayed Model 3 sedan are concerned that they will miss out on big federal tax breaks and are looking for alternatives, including General Motors Co's Chevrolet Bolt, according to postings by would-be Tesla buyers on websites and interviews with GM dealers.

17 Feb 2018
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Audi chairman rubbishes report that CEO Stadler to be removed

BERLIN Audi Chairman Matthias Mueller appealed to workers to ignore a media report that Chief Executive Rupert Stadler was about to be ousted, hoping to quell further unrest at the scandal-hit Volkswagen group.

16 Feb 2018
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Record Renault earnings strengthen Ghosn's hand

BOULOGNE-BILLANCOURT, France French carmaker Renault posted record sales and profit for 2017, bolstering Chief Executive Carlos Ghosn's position in the face of government demands for a clearer succession plan and deeper integration with alliance partner Nissan.

16 Feb 2018
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Renault board asks Ghosn to stay, pursue closer Nissan integration

PARIS Renault said on Thursday its board had asked Chief Executive Carlos Ghosn to stay on for another four years and pursue closer integration with alliance partner Nissan.

16 Feb 2018
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South Korea union says GM plant closure is 'death sentence', threatens strike

GUNSAN/SEOUL General Motors' workers at a South Korean plant staged a protest on Wednesday against its planned closure, calling the move by the U.S. automaker a "death sentence", and threatening a strike. | Video

14 Feb 2018
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Automakers to provide up to $130 million for Takata's U.S. settlement

WILMINGTON, Del. A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp air bag inflators as part of a deal to resolve the Japanese company's bankruptcy, a U.S. plaintiffs' attorney told Reuters.

Business, Japan 14 Feb 2018
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Automakers to provide up to $130 million for Takata's U.S. settlement

WILMINGTON, Del. A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp air bag inflators as part of a deal to resolve the Japanese company's bankruptcy, a U.S. plaintiffs' attorney told Reuters.

14 Feb 2018

Business News

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Fraud-hit PNB says can recover quickly, as police widen probe

MUMBAI/NEW DELHI Indian state-run lender Punjab National Bank, hit by a $1.77 billion fraud, promised investors on Friday it was putting in place "better checks and balances", as investigators widened the probe into the country's biggest-ever bank scam.

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Stock volatility: back with a bang and here to stay

NEW YORK U.S. stock markets are unlikely to return to the unusually calm conditions seen last year, even though equities have already recovered more than half the ground lost in the recent selloff and traders have rapidly dialed down fear.

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Latvia corruption agency searches c.bank governor's home, office: state TV

RIGA Latvia's corruption prevention agency has searched the home and office of the central bank's governor, the state broadcaster said on Saturday, while authorities gave little information on the raid.

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WhatsApp to go ahead with 'full feature' money transfer service in India

MUMBAI WhatsApp will launch a "full feature" inter-bank money transfer service in India, its biggest market, after a test involving a million users, National Payments Corp of India said.