Japanese carmaker Nissan reports a small rise in full-year profits, but sales in its key market of China fell following a territorial row between Japan and China.
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Carmaker General Motors (GM) says it is withdrawing a TV commercial for its Chevrolet Trax four-wheel drive after its soundtrack was deemed “offensive”.
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The third largest US carmaker Chrysler’s first-quarter net profits fall 65%, resulting in a sharp fall in profits for majority owner Fiat.
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US carmaker Ford becomes the latest foreign company to announce plans to enter the Burmese market, after investment sanctions are suspended.
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Carmaker Hyundai apologises and pulls an online advert that depicted a man attempting to kill himself with exhaust fumes in its new model.
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German carmaker Opel announces the planned closure of one of its factories by the end of 2014 after a deal with unions falls through.
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Carmaker Daimler is selling its remaining 7.5% stake in pan-European aerospace and defence group EADS, the owner of Airbus
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US carmaker General Motors says it will invest 4bn euros in its European marques, Opel and Vauxhall.
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The luxury carmaker plans to increase investment and raise employment at the site to about 1,400
Jaguar Land Rover is to create an extra 700 jobs by doubling the size of its engine factory in Wolverhampton.
The luxury carmaker plans to increase investment at its UK engine plant and raise employment at the site to about 1,400, the chief executive, Ralf Speth, said .
He told a press conference that the firm planned to increase investment at the plant to more than £500m.
Jaguar Land Rover (JLR), owned by India’s Tata Motors, has ridden a rise in demand for its luxury saloons and SUVs over the past two years, notably in China and other emerging markets, bucking the trend of plant shutdowns and falling production at many European carmakers.
The investment is part of a surge in capital spending in JLR’s production facilities.
In China, for example, the company and local partner Chery Automobile are building a factory.
Company sources also told Reuters on Saturday that JLR was investigating the potential of manufacturing cars in India.
Despite its plans overseas, JLR has continually stressed its dedication to its plants in Britain, where it says it is the country’s largest automotive investor in research and development.
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German carmaker BMW recalls 720,000 cars, mostly in North America, over potential electrical problems that may cause unexpected stalling.
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