Autos

Autos coverage from Reuters.

Brexitin 5 hours

FILE PHOTO - A sign of Ford is pictured at a car dealership in Mexico City, Mexico January 9, 2018. Picture taken January 9, 2018. REUTERS/Ginnette Riquelme

Ford <F.N> said on Tuesday it hopes to set up a bank in Germany in the second half of the year after applying for a licence in the country as part of its strategy to mitigate any risk from Britain leaving the European Union.

Business Newsin 5 hours

FILE PHOTO: The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann/File Photo

The emergence of self-driving electric cars and travel sharing are set to dent oil consumption by 2040, oil and gas giant BP <BP.L> said, forecasting a peak in demand for the first time.

Business Newsin 12 hours

The main gate to GM Korea's Gunsan factory is seen in Gunsan, South Korea February 13, 2018. Picture taken February 13, 2018. Yonhap via REUTERS

General Motors <GM.N> has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, four sources with direct knowledge of the matter said.

Business Newsin 12 hours

Members of the GM Korea union, a subcommittee for Korea Metal Workers' Union, hold a meeting to demand GM Korea withdraw its plan to shut down Gunsan manufacturing plant in Gunsan, South Korea February 14, 2018. Yonhap via REUTERS

The South Korean government has designated the city of Gunsan as a 'crisis zone' for industry and employment, said presidential spokesman Kim Eui-kyeom on Tuesday, after General Motors <GM.N> announced last week it would be shuttering a factory there.

Business Newsin 14 hours

FILE PHOTO - South Korean Finance Minister Kim Dong-yeon speaks during his inaugural ceremony in Sejong government complex in Sejong, South Korea, June 15, 2017. Picture taken on June 15, 2017. REUTERS/Kim Hong-Ji

South Korea's finance minister said on Tuesday the government would hold talks with General Motors <GM.N> over the future of its four plants after the company announced the closure of one and left the other three in the balance.

Business Newsin 16 hours

GM Korea's labour union leaders deliver a letter to Hong Young-pyo, a ruling party lawmaker from Bupyeong, where GM Korea's biggest factory is based, demanding the normalization of GM Korea's operation, in the National Assembly in Seoul, South Korea February 20, 2018. Yonhap via REUTERS

General Motors Co <GM.N> plans to produce two new models in South Korea, a local lawmaker quoted GM executive Barry Engle as saying at a meeting with South Korean members of parliament.

Business Newsin a day

The main gate to GM Korea's Gunsan factory is seen in Gunsan, South Korea February 13, 2018. Yonhap via REUTERS

South Korean President Moon Jae-in said on Monday General Motors Co's (GM) <GM.N> decision to shut down a factory south of Seoul will hurt that region, and called upon his administration to take measures to boost economic activity there.

Environmentin 2 days

A journalist stands in front of the Volkswagen powerplant in Wolfsburg, Germany September 23, 2015. REUTERS/Axel Schmidt

A court will decide on Thursday whether German cities can ban heavily polluting cars, potentially wiping hundreds of millions of euros off the value of diesel cars on the country's roads.

Sports Newsin 2 days

A staff takes out a banner featuring Tokyo 2020 Olympics emblem from the wall after a news conference hosted by International Olympic Committee (IOC) Vice President John Coates and President of Tokyo 2020 Olympic and Paralympic organising committee Yoshiro Mori in Tokyo, Japan June 30, 2017. REUTERS/Kim Kyung-Hoon

A long-running Russian doping scandal. Corruption scams. Major cities say 'no' to staging the Olympics Games.

Business Newsin 4 days

FILE PHOTO: Cars made by GM Korea are seen on trucks in a yard of GM Korea's Bupyeong plant before they are transported to a port for export, in Incheon, west of Seoul August 9, 2013. REUTERS/Lee Jae-Won/File Photo

Only weeks into a new job heading General Motors Co's international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM's loss-making local unit.

Business Newsin 4 days

FILE PHOTO: Rupert Stadler, CEO and Chairman of the Board of Management of Audi, attends the "AI for Good" Global Summit at the International Telecommunication Union (ITU) in Geneva, Switzerland June 7, 2017. REUTERS/Denis Balibouse

Audi <NSUG.DE> Chairman Matthias Mueller appealed to workers to ignore a media report that Chief Executive Rupert Stadler was about to be ousted, hoping to quell further unrest at the scandal-hit Volkswagen group.

FILE PHOTO: A worker cleans a Renault car at the European Motor Show in Brussels, Belgium, January 13, 2017. REUTERS/Francois Lenoir/File Photo

French carmaker Renault <RENA.PA> posted record sales and profit for 2017, bolstering Chief Executive Carlos Ghosn's position in the face of government demands for a clearer succession plan and deeper integration with alliance partner Nissan <7201.T>.

Business Newsin 5 days

FILE PHOTO: Berkshire Hathaway shareholders walk by a video screen at the company's annual meeting in Omaha, Nebraska, U.S., May 4, 2013. REUTERS/Rick Wilking/File Photo

Warren Buffett's Berkshire Hathaway Inc <BRKa.N> on Wednesday disclosed a new stake in generic drugmaker Teva Pharmaceutical Industries Ltd <TEVA.TA> and said it bought more shares of Apple Inc <AAPL.O>, which surpassed Wells Fargo & Co <WFC.N> as its largest common stock investment.

Business Newsin 6 days

A wall sign with the logo of aluminium and power producer En+ Group is seen on the facade of a building in central Moscow, Russia February 13, 2018. REUTERS/Sergei Karpukhin

Russia's En+ Group <ENPLq.L> has invited international banks to pitch for the sale of $1 billion(721.60 million pounds) of shares in the company that manages the aluminum and hydropower businesses of Russian businessmen Oleg Deripaska, three sources said.

Business Newsin 6 days

Members of the GM Korea union, a subcommittee for Korea Metal Workers' Union, hold a meeting to demand GM Korea withdraw its plan to shut down Gunsan manufacturing plant in Gunsan, South Korea February 14, 2018. Yonhap via REUTERS

General Motors' <GM.N> workers at a South Korean plant staged a protest on Wednesday against its planned closure, calling the move by the U.S. automaker a "death sentence", and threatening a strike.

Commoditiesin 6 days

Eiji Hayashida, CEO and President of JFE Holdings Inc., speaks during an interview with Reuters at the company's headquarters in Tokyo, Japan, February 14, 2018. REUTERS/Toru Hanai

JFE Holdings Inc, parent of Japan's second-biggest steelmaker, plans to spend more than 650 billion yen ($6 billion) over the next three years upgrading domestic production facilities in a bid to raise productivity and competitiveness.

Business Newsin 7 days

The main gate to GM Korea's Gunsan factory is seen in Gunsan, South Korea February 13, 2018. Yonhap via REUTERS

General Motors' South Korean unit is offering workers three times their annual base salary, money for college tuition and more than $9,000 towards a new car as part of a voluntary redundancy plan at the troubled automaker.

Business Newsin 7 days

FILE PHOTO - The GM logo is seen at the General Motors Warren Transmission Operations Plant in Warren, Michigan October 26, 2015. REUTERS/Rebecca Cook/File Photo

U.S. President Donald Trump on Tuesday used a decision by General Motors Co <GM.N> to close one of its four plants in South Korea to launch fresh criticism of the U.S.-South Korea trade agreement.

Commoditiesin 7 days

The offices where the London Metal Exchange is headquartered are seen in the City of London, Britain, January 18, 2018 REUTERS/Peter Nicholls

The London Metal Exchange could remove companies from its list of approved metal suppliers if they fall short of industry standards following an outcry about cobalt mined by children in Africa, three sources said.

Business Newsin 8 days

FILE PHOTO - The GM logo is seen at the General Motors Warren Transmission Operations Plant in Warren, Michigan October 26, 2015. REUTERS/Rebecca Cook/File Photo

The South Korean government said on Tuesday that it deeply regretted General Motors's decision to shut down one of its plants in the country.

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