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Autos

Ford to shift midsize sedan production out of Mexico: sources

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Ford Motor Co has told suppliers it plans to shift production of midsize Fusion and Mondeo sedans out of Mexico and Spain in 2020 and move it to China, three sources said on Wednesday.

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Toyota, Panasonic consider joint development of EV batteries

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

Tech, Budget 2017, Business 13 Dec 2017
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Renault gears up for driverless cars by buying magazines

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.

Budget 2017, Business, Tech 13 Dec 2017
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German watchdog recalls VW Touaregs over defeat devices

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.

Tech, Budget 2017, Business 12 Dec 2017
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Audi CEO drops plan to sell motorcycle brand Ducati

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.

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

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.

12 Dec 2017

LKQ to buy German car parts retailer Stahlgruber in $1.8 billion deal

U.S. auto parts retailer LKQ Corp said on Monday it would buy German peer Stahlgruber for about 1.5 billion euros ($1.8 billion), including debt, to consolidate its dominant position in the European market.

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

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.

Budget 2017, Business 10 Dec 2017

Business News

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India delays deadline to link Aadhaar details to bank, phone services

MUMBAI India on Wednesday dropped a December 31 deadline for citizens to link Aadhaar details to facilities such as bank accounts and telephone numbers, saying it would announce a fresh date later.

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Fox's Star to bring Disney cash and cricket in India

Walt Disney Co's expected deal with Twenty-First Century Fox Inc would give the world's best-known entertainment company new advantages in India, such as cricket rights and local-language TV shows for the fast-growing media market.

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Disney deal set to value Fox at more than $75 billion: source

Walt Disney Co's deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said.

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Suzuki says supply deal with Toyota-Panasonic on EV batteries possible

TOKYO Japan's Suzuki Motor Corp said it will not join efforts by Toyota Motor Corp and Panasonic Corp to develop batteries for electric vehicles, but a supply deal could be possible.