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Nissan confirms profit plunge as job cuts reported

Apo - Japanese car giant Nissan confirmed Wednesday it will report a plunge in first quarter operating profit as media reported the struggling automarker plans to cut more than 10,000 jobs worldwide.

Nissan to cut over 10,000 jobs worldwide: reports

Apo - Japanese car giant Nissan plans to cut more than 10,000 jobs worldwide, reports said Wednesday, as it works to turn its fortunes around after its former chief was arrested over financial misconduct.

Last ever VW Beetle model rolls off Mexican production line

Puebla - German auto giant Volkswagen launched the final edition of its iconic "Beetle" car from its Mexican factory on Wednesday at a ceremony accompanied by a Mariachi band.

Cyprus racers show budget solar cars have a sunny future

Nicosia - Venetia Chrysostomide fastened her helmet and rolled her solar-powered car into the sunny streets of Cypriot capital Nicosia for a race to showcase such vehicles' eco-friendly potential, even on a budget.

Renault ex-boss linked to 11mn euros of suspicious spending: board

Paris - An internal audit conducted by carmakers Renault and Nissan identified 11 million euros of questionable expenses at their Dutch subsidiary linked to Carlos Ghosn, the ousted boss of the French-Japanese group, the Renault board said Tuesday.

Thousands expected in Vienna to pay respects to F1 legend Lauda

Vienna - Thousands, including Formula One world champion Lewis Hamilton, are expected to throng Vienna's St. Stephen's Cathedral Wednesday to mourn the giant of the sport, Niki Lauda, who died on May 20 at the age of 70.

F1 legend Niki Lauda dies at 70

Vienna - Legendary Formula One driver Niki Lauda has died at the age of 70, his family said on Tuesday, triggering an outpouring of praise for a man whose track victories and comeback from a horrific crash enthralled race fans worldwide.

Former F1 champion Niki Lauda dies at 70

Vienna - Legendary Formula One driver Niki Lauda has died at the age of 70, his family said in a statement released to Austrian media early Tuesday.

Trump delays decision on auto tariffs for up to six months

Washington - President Donald Trump on Friday announced a six-month delay in imposing steep tariffs on auto imports, seeking to pressure Europe and Japan into bargaining table concessions on trade.

Trump delays decision on auto tariffs for up to six months

Washington - President Donald Trump on Friday announced he will delay by six months a decision on imposing steep tariffs on imported autos while the United States pursues talks with key trading partners."Within 180 days...

'Senna Day' held in Brazil on 25th anniversary of F1 great's death

S - The Interlagos racing circuit held a 'Senna Day' to celebrate the life of Formula One great Ayrton Senna on Wednesday to mark the 25th anniversary of the Brazilian's death.

New North America trade pact to have 'moderate' positive effect: US report

Washington - The North American trade pact signed last year will have a "moderate" positive effect on the US economy, an independent US government report said Thursday, an underwhelming endorsement as it faces an uncertain path to ratification.

Daimler faces probe over 'new cheating software'

Berlin - Daimler confirmed Sunday it was facing a regulatory probe after a report said German authorities have uncovered a previously unknown type of pollution trickery software allegedly installed by the car giant in some of its vehicles.

Amnesty accuses Bahrain of using F1 to 'sportwash' image

Dubai - Amnesty International on Thursday accused Bahrain of using this weekend's Formula One race to "sportwash" its image, amid an intense crackdown on political dissent in the Gulf kingdom.

Stricter emissions limits jolt Europe's auto industry

Geneva - Electric vehicles will take centre stage at this year's Geneva Motor Show, as automakers scramble to bring their fleets in line with strict CO2 emissions standards set to kick in next year.

Trump threatens tariffs on EU if no trade deal reached

Washington - US President Donald Trump threatened Wednesday to impose tariffs on European auto imports if he is unable to strike a trade deal with the EU."We're negotiating.

'Swindon's finished': UK town in shock over Honda plant closure

Swindon - "It is going to be a disaster for the town," said Mary Day, one of many residents in the English town of Swindon in shock on Tuesday after Honda announced it was closing its local plant after more than 30 years."I didn't see it coming.

Japan's Honda to shut UK car plant, as Brexit looms

London - Honda will shut its UK plant with the loss of 3,500 jobs, the Japanese car maker announced Tuesday as the global auto industry faces "unprecedented changes" and the UK economy hits the skids on Brexit uncertainty.

EU 'convinced' Trump will not slap tariffs on autos: Ambassador

Washington - The European Union is "convinced" US President Donald Trump will not impose new punitive tariffs on imported cars as long as trade talks between Brussels and Washington continue, the EU ambassador said Wednesday.

Down Syndrome competitor to make Dakar Rally history

- Lucas Barron will make history on Sunday when he lines up on the Dakar 2019 starting line in Peru, becoming the first person with Down Syndrome to take part in the gruelling race.

Luxury 'Red Flag' models buck China auto sales slump

Bejing - Car sales are falling in China this year but one brand is speeding ahead: The national "Red Flag" sedan is flying high, powered by purchases from the government, state companies and patriotic citizens.

Renault, Nissan, Mitsubishi reaffirm commitment to alliance

Paris - Automakers Renault, Nissan and Mitsubishi reaffirmed their committment to their alliance on Thursday as company leaders held their first meeting since the shock arrest of boss Carlos Ghosn.

Renault, Nissan alliance in first talks since Ghosn arrest

Paris - The heads of automakers Renault, Nissan and Mitsubishi will meet Thursday for the first time since the shock arrest of Carlos Ghosn threw their fractured alliance into the open.

Trump backs potential new auto import tariffs

Washington - President Donald Trump on Wednesday indicated he favors imposing import tariffs to protect the US auto industry, which was rocked by this week's announcement of job cuts at General Motors.

General Motors says cutting 15% of workforce to save $6 bn

Washington - In a massive restructuring, US auto giant General Motors announced Monday it will cut 15 percent of its workforce to save $6 billion and adapt to "changing market conditions.

Ghosn faces Mitsubishi sack as more allegations surface

Apo - Top executives from Mitsubishi Motors gather on Monday to sack Carlos Ghosn as chairman over alleged financial misconduct that the once-revered tycoon denies, as further allegations leaked out against him.

Teen driver in hours-long surgery after Macau GP horror crash

Fpo - A 17-year-old female driver spent at least seven hours in surgery Monday, after fracturing her spine in a horrifying crash at the Formula Three Macau Grand Prix.

EU will retaliate if Trump imposes auto tariffs: trade official

Washington - The European Union is prepared to retaliate if US President Donald Trump imposes new tariffs on auto imports, EU Trade Commissioner Cecilia Malmstrom warned on Wednesday.

Divided EU ministers agree auto emission curbs

Luxembourg - EU ministers battled Tuesday over the extent of emission cuts to be imposed on carmakers, in the wake of a warning by UN experts on the dangers of global warming.

Tesla confirms criminal probe into Musk talk of going private

San Francisco - Tesla confirmed Tuesday that US Justice Department officials were looking into possible criminal aspects of a seemingly spontaneous, and later aborted, announcement by chief executive Elon Musk on taking the electric automaker private.Shares skidded 3....
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