Autos coverage from Reuters.

Business Newsan hour ago

Mexico's Economy Minister Ildefonso Guajardo attends a meeting with the Mexican Iron and Steel Industry Chamber (CANACERO) in Mexico City, Mexico April 16, 2018. REUTERS/Gustavo Graf

Much remains to be done before a new North American Free Trade Agreement is reached, Mexican Economy Minister Ildefonso Guajardo said on Thursday, tempering hopes for a quick deal as ministers met in Washington for a third successive day.

Business News8 hours ago

FILE PHOTO: Herbert Diess, Volkswagen's new CEO, speaks at a Volkswagen Group's media event ahead of the Beijing Auto Show in Beijing, China April 24, 2018. REUTERS/Jason Lee

Volkswagen's <VOWG_p.DE> first-quarter operating profit fell on Thursday, but optimism over its new chief executive, the carmaker's financial health and lower provisions for the diesel emissions scandal lifted its shares.

Business News8 hours ago

A general view of the Vauxhall car plant in Ellesmere Port, Britain, January 10, 2018. REUTERS/Phil Noble

Workers at Peugeot-maker <PEUP.PA> PSA's Vauxhall car plant in Britain have agreed a pay deal with the French automaker, the Unite Union said on Thursday, as a dispute with the firm's Opel workers in Germany continues.

Business News10 hours ago

FILE PHOTO: An employee works at an assembly line of GM Korea's Bupyeong plant in Incheon, South Korea March 29, 2018. REUTERS/Kim Hong-Ji/File Photo

General Motors <GM.N> and South Korea have agreed to inject $4.35 billions into the carmaker's loss-making local arm to keep it afloat after it came close to seeking bankruptcy protection.

Business News11 hours ago

FILE PHOTO: The logo of GM Korea is seen at its Bupyeong plant in Incheon, South Korea March 29, 2018. REUTERS/Kim Hong-Ji/File Photo

General Motors <GM.N> has agreed to provide $3.6 billion in fresh funding to its troubled South Korean unit, higher than its previously proposed $2.3 billion as part of a preliminary deal, South Korea said on Thursday.

Business News14 hours ago

State-run Korea Development Bank plans to inject $750 million into General Motors Co's <GM.N> South Korean unit, Yonhap news agency reported on Thursday.

FILE PHOTO: A Hyundai Motor's booth is seen near the Pyeongchang Olympic Plaza in Pyeongchang, South Korea, February 11, 2018. REUTERS/Kim Hong-Ji/File Photo

Hyundai Motor Co's <005380.KS> quarterly profit halved to an almost six-year low, as bleak U.S. and China sales contrasted with those at home where the automaker is picking up customers of General Motors Co's <GM.N> troubled South Korean arm.

Business News18 hours ago

A policeman directs traffic at a busy street of downtown Shanghai December 5, 2012. REUTERS/Carlos Barria

China is considering cutting the import duty on passenger cars by about half as part of the country's plan to further open up the automobile market, Bloomberg News reported on Thursday, citing people familiar with the matter.

Business News19 hours ago

FILE PHOTO: Rear trunk logo detail view of the new Mazda 6 being displayed at the Los Angeles Auto Show in Los Angeles, California U.S. November 29, 2017. REUTERS/Lucy Nicholson/File Photo

Japanese automakers that rely heavily on exports to sell their models in the United States would be hardest hit by trade restrictions the country is threatening to impose, as rivals with more limited exposure focus on growing, niche markets.

Business News21 hours ago

Canadian Foreign Minister Chrystia Freeland speaks with reporters after meeting with U.S. Trade Representative Robert Lighthizer to discus NAFTA autos negotiations in Washington, D.C., April 25, 2018. REUTERS/David Lawder

Canadian Foreign Minister Chrystia Freeland said on Wednesday that good progress has been made at the NAFTA trade talks on the key issue of auto rules, though the threat of proposed U.S. steel and aluminum tariffs coming into force next week clouded the mood.

Business News2 days ago

An employee works at an assembly line of GM Korea's Bupyeong plant in Incheon, South Korea March 29, 2018. REUTERS/Kim Hong-Ji

General Motors Co <GM.N> and the South Korean government are considering raising the size of their investment in the U.S. automaker's South Korean subsidiary from a previously proposed $2.8 billion, a senior government official with direct knowledge of the matter said on Wednesday.

Business News2 days ago

A BMW iX3 electric concept car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee

German luxury carmaker BMW <BMWG.DE> expects the pace of growth of its China sales to almost halve this year, the firm's chief executive said on Wednesday, amid a broader slowdown in the world's largest auto market.

Business News2 days ago

The logo of German car manufacturer Audi is seen on a tyre rim a Audi Q5 2.0 during a media tour in San Jose Chilapa, Mexico April 19, 2018. REUTERS/Henry Romero

German luxury carmaker Audi AG <NSUG.DE> aims to double China production with local partner China FAW Group Corp Ltd [SASACJ.UL] within five years, its chief executive said on Wednesday, as global automakers look to localize in the world's largest vehicle market.

Business News2 days ago

A logo is seen on the wheel of a GAC Enverge electric concept car during a media preview of the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee

Guangzhou Automobile Group Co Ltd (GAC) <601238.SS> on Wednesday said a brewing trade war between China and the United States could hurt the Chinese automaker's plans to break into the U.S. market if tariff barriers were raised.

Business News2 days ago

U.S. President Donald Trump speaks during a tree planting ceremony with French President Emmanuel Macron on the South Lawn of the White House in Washington, U.S., April 23, 2018.

U.S. President Donald Trump said on Tuesday a new North American Free Trade Agreement could be agreed on quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24-year-old accord.

U.S. Legal News2 days ago

FILE PHOTO: The logo of Arab Bank is seen during the opening of the Annual Arab Banking Conference in Beirut, Lebanon November 24, 2016. REUTERS/Aziz Taher/File Photo

Foreign corporations cannot be sued in American courts for human rights abuses committed overseas, the U.S. Supreme Court ruled on Tuesday, refusing to revive a lawsuit claiming Jordan-based Arab Bank Plc helped finance militant attacks in Israel and the Palestinian territories.

FILE PHOTO: A detail of the Harley-Davidson brand name is photographed on the motorcycle of Guo Qingshan in his village outside Beijing, China, April 7, 2018. REUTERS/Thomas Peter/File Photo GLOBAL BUSINESS WEEK AHEAD

Harley-Davidson Inc <HOG.N> stood by its full-year shipments forecast and said it expects dealers to sell more motorcycles in overseas markets, offering a glimmer of hope to a business struggling with an aging customer base in the United States.

Technology News2 days ago

(L to R) President of Didi Chuxing Jean Liu, Chairman of China FAW Group Xu Liuping, Chairman of Beijing Automotive Group Xu Heyi, Chairman and President of BYD Company Limited Wang Chuanfu, Pesident of Guangzhou Automotive Group Feng Xingya, founder and Chief Executive Officer of CHJ Automotive Li Xiang, attend a news conference ahead of the Beijing auto show in Beijing, China April 24, 2018. REUTERS/Norihiko Shirouzu

China's Didi Chuxing, already disrupting the global ride-hailing market and taking on U.S. rival Uber, has its sights set on an even bigger potential prize: designing and getting built its own dedicated fleet of Didi cars.

Business News2 days ago

FILE PHOTO: The logo of GM Korea is seen at its Bupyeong plant in Incheon, South Korea March 29, 2018. REUTERS/Kim Hong-Ji/File Photo

General Motors' South Korean unit has averted a bankruptcy filing, but analysts and customers, as well as the South Korean government, are debating how long the loss-making company will remain in business.

Business News3 days ago

A man uses phone under a Volkswagen logo at the Shanghai Auto Show, in Shanghai, China April 20, 2017. REUTERS/Aly Song

Volkswagen AG's <VOWG_p.DE> chief executive Herbert Diess said on Tuesday that a Chinese tariff hike on U.S vehicle imports would be tough for the firm, amid a brewing trade war and threats of punitive tariffs exchanged between Washington and Beijing.

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