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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Nissan profit up but China sales dip

Category : World News

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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GM withdraws ‘offensive’ car ad

Category : Business

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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Chrysler pulls down Fiat profits

Category : Business

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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Ford announces entry into Burma

Category : World News

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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Hyundai pulls suicide bid car advert

Category : Business

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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Carmaker Opel to close German plant

Category : Business, World News

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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Daimler to sell final stake in EADS

Category : Business

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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GM to invest 4bn euros in Opel

Category : World News

US carmaker General Motors says it will invest 4bn euros in its European marques, Opel and Vauxhall.

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Jaguar Land Rover to create 700 jobs at UK engine plant

Category : Business

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.

BMW recalls 720,000 cars worldwide

Category : Business

German carmaker BMW recalls 720,000 cars, mostly in North America, over potential electrical problems that may cause unexpected stalling.

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