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France, Sweden Likely to Delay New EU Truck Rules
5/15/2014France and Sweden appear likely to succeed in delaying for 10 years new EU design standards for commercial trucks, the Financial Times says.
Hyundai Will Appeal $248 Million Jury Verdict
5/15/2014Hyundai Motor Co. intends to appeal an "outrageous" jury verdict that awarded $248 million to families of two teenagers killed in 2011 when their Tiburon sport coupe crashed, Bloomberg News reports.
Japan’s Economy Spurts
5/15/2014Japan's economy, which grew only 0.1% in the fourth quarter of 2013, expanded 1.5% in January-March, according to the government.
Audi Extends Contracts for Three Senior Execs
5/14/2014Volkswagen AG's Audi unit has renewed the contracts of CEO Rupert Stadler and two other top executives.
Severstal to Sell U.S. Steel Operations?
5/14/2014Russian steelmaker OAO Severstal is considering multiple bids to buy its mills in Michigan and Mississippi, according to Bloomberg News, which cites unnamed sources.
Ireland Toughens Texting-While-Driving Sanctions
5/14/2014Drivers in Ireland caught texting while driving now face a base fine of €1,000 and, for repeat offenders, a €2,000 fine and three months in jail, Automotive News Europe reports.
VW Readies Low-Cost Brand in China by 2017
5/14/2014Volkswagen AG plans to introduce a car for China that will carry its own brand name and is likely to be priced under 59,800 yuan ($9,600).
VW Says New SUV Will Help Revive U.S. Sales
5/14/2014Volkswagen AG CEO Martin Winterkorn predicts the company's new midsize SUV will help reverse its 13-month sales slide in the American market.
BMW Names New CEO for Canadian Operations
5/14/2014BMW AG has chosen Hans Blesse to succeed Eduardo Villaverde as president and CEO of its Canada unit, effective June 1.
European Demand for Luxury SUVs Revives
5/14/2014Sales of premium-level SUVs and crossovers in Europe are on the rise again after slipping 5% to 584,700 units in 2013.