Global News

VW may use bond issue to help fund buying spree

March 11 10:46 CET
Volkswagen AG wants to use a convertible bond issue alongside a share sale to help finance its planned acquisitions.... Read More »
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Skoda plans extra shifts in second quarter

March 11 10:46 CET
Skoda plans additional shifts on three models in the second quarter, making up for some production lost in February due to low demand. Three more shifts are planned on the Roomster line, and an additional three shifts are planned for the Yeti and Superb, the carmaker's union paper said.... Read More »
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Brazil fines Fiat $1.5M for failing to recall cars hit by alleged hub glitch

March 11 10:46 CET
Brazil's Justice Ministry has fined Fiat S.p.A. 3 million reals ($1.5 million) for failing to recall thousands of Stilo cars built after 2004 despite an alleged rear-wheel hub problem.... Read More »
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Asia
THE TOYOTA RECALL CRISIS

Toyota hands over 2006 dissident memo to U.S. panel

2:01 am U.S. ET | March 11
Toyota Motor Corp. said today it has handed over to a U.S. congressional committee a letter sent to its management by a splinter union in 2006 seeking reforms to improve safety after a recall crisis at the time. On Monday, Rep.... Read More »
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China

Audi predicts strong Q1 sales after 19.9% rise in February

5:16 am U.S. ET | March 8
Audi expects to finish off the first three months of the year with robust sales following a good performance in February. Sales rose to around 75,900 vehicles last month, which was a gain of 19.9 percent from very weak sales in the year-earlier period when demand for premium cars slumped worldwide.... Read More »
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