Autos

Ex-VW CEO denies early knowledge of diesel emissions cheating

BERLIN Former Volkswagen Chief Executive Martin Winterkorn refused to tell German lawmakers when he first learned about systematic exhaust emissions cheating but said it was no earlier than VW has officially admitted.

Volkswagen to make first cars with China's JAC by 2018 19 Jan 2017

BEIJING Volkswagen AG plans to make its first cars with China's Anhui Jianghuai Automobile (JAC Motors) by 2018 and hopes the joint venture will get government approval in the first half of this year, its China CEO said on Thursday.

Renault-Nissan's Ghosn intent on staying ahead in electric cars 18 Jan 2017

DAVOS, Switzerland Renault-Nissan has sold more than 400,000 electric cars globally and the leader in plug-in vehicles is planning further investment to maintain its market lead, the chief executive of the auto alliance said.

China's fourth quarter growth seen steady at 6.7 percent amid heavy government support 18 Jan 2017

BEIJING China's economy likely grew by a steady 6.7 percent in the fourth quarter, the same pace as in the previous three quarters, supported by higher government spending and record bank lending that has stoked concerns about debt risks, according to a Reuters poll of 62 economists.

Volkswagen won't make Audi cars with SAIC in China before 2018 18 Jan 2017

BEIJING German carmaker Volkswagen said on Wednesday it would not produce or sell any Audi cars with SAIC Motor Corp until at least 2018, seeking first to strengthen ties with existing Audi partner China FAW Motor Corp.

General Motors says to invest additional $1 billion in U.S. 18 Jan 2017

WASHINGTON General Motors Co on Tuesday confirmed it will invest an additional $1 billion (807.82 million pounds) in its U.S. factories in 2017 and will move some parts production from Mexico to the United States that was previously handled by a supplier.

BMW, UK car industry say Britain needs to keep tariff-free EU trade 17 Jan 2017

LONDON Britain should retain tariff-free access to the European Union's single market, Germany's BMW said on Tuesday, while a UK car industry body called for participation in the EU's customs union to hold onto trade after Brexit.

Hyundai Motor to boost U.S. investment as automakers respond to Trump 17 Jan 2017

SEOUL The Hyundai Motor Group said it plans to lift U.S. investment by 50 percent to $3.1 billion over five years and may build a new plant there - the latest auto firm to announce fresh spending after President-elect Donald Trump threatened to tax imports. | Video

BMW urges Britain to retain tariff-free access to EU single market 17 Jan 2017

LONDON German carmaker BMW , which builds its Mini model in Britain, said on Tuesday it was best for business for the UK to be in the single market and urged London to ensure the country retained tariff-free access to the bloc.

Brexit hit pushes UK inflation to highest since mid-2014 17 Jan 2017

LONDON British inflation rose more strongly than expected in December to hit its highest level since mid-2014, propelled by the Brexit-fuelled fall in the value of sterling which looks set to hit consumers' spending power harder in the coming months. | Video