Business / Auto Global

BMW, Toyota agree on joint sportscar platform

[2014-01-02 10:29]

Carmakers BMW and Toyota have agreed to develop a joint platform for sportscars, BMW's development chief Herbert Diess told a German newspaper.

Hertz adopts shareholder rights plan

[2014-01-02 10:27]

Hertz Global Holdings Inc said it adopted a shareholder rights plan as it had observed "unusual and substantial activity" in its shares.

Schumacher shows some signs of improvement

[2014-01-02 08:11]

Michael Schumacher underwent a second surgery after a brain scan showed small, "surprising" signs of improvement, but doctors said on Tuesday they could offer no insight into the prognosis for the seven-time Formula One world champion.

Schumacher's condition is 'stable'

[2014-01-01 18:42]

Former Formula One champion Michael Schumacher's condition is "stable", his agent Sabine Kehm told reporters outside the hospital.

Ski boss lauds helmet awareness after Schumi's injury

[2014-01-01 07:17]

Michael Schumacher's helmet almost certainly saved his life and leisure skiers should always wear head protection, said the man behind the main safety measures in alpine skiing.

German chancellor joins long list of well-wishers for 'schumi'

[2014-01-01 07:17]

Chancellor Angela Merkel joined sports legends and millions of Germans on Monday in expressing shock at Formula One great Michael Schumacher's skiing accident, as his family thanked well-wishers for their support.

Schumacher 'slightly better' after 2nd operation

[2013-12-31 19:03]

The medical condition of seven-times Formula One world champion Michael Schumacher is slightly better on Tuesday following a second operation.

Doctors give no prognosis for Schumacher

[2013-12-31 09:39]

Doctors offered a grim assessment of Michael Schumacher's head injuries Monday, providing no prognosis for the Formula One driving great after his skiing accident in the French Alps.

Shock and prayers for Schumi light up social media

[2013-12-31 07:45]

The Formula One community, and the wider world of motorsport, reacted with shock and prayers on social network Twitter for Michael Schumacher to win his biggest battle.

Schumacher drawn to the fast lane

[2013-12-31 07:45]

The 44-year-old German suffered a blow to the head after hitting a rock at the upmarket Alps resort, he was later listed as being in critical condition

F1 world champion Schumacher suffers head injury

[2013-12-30 15:43]

Retired seven-time Formula One world champion Michael Schumacher suffered a head injury in a fall while skiing at the French Alps resort of Meribel on Dec 29.

Japan carmakers to boost domestic output before tax hike

[2013-12-30 14:53]

Japanese automakers will ramp up production early next year because they expect a big increase in car purchases before a sales tax hike in April.

Toyota recalls more than 400k vehicles in Saudi Arabia

[2013-12-28 17:41]

Toyota Motor Corp is recalling more than 400,000 vehicles in Saudi Arabia that were produced from 2006 to 2010 due to concerns about unintended acceleration.

Hyundai Motor US names new chief, Krafcik out

[2013-12-28 17:26]

Hyundai Motor Co said on Friday its US chief, John Krafcik, is stepping down after his contract was not renewed and will be replaced by the US sales chief David Zuchowski.

Audi to invest $30 billion in next five years

[2013-12-28 14:01]

German carmaker Audi announced on Friday that it would invest an additional 22 billion euros in the next five years for new models and technologies and increase employment worldwide.

Strewth, a foreign Holden? GM hopes Aussie icon will endure

[2013-12-26 17:25]

Australians have reacted with a mixture of anger, sadness and resignation to GM's pre-Christmas announcement that it will stop making cars in Australia by 2017.

Hyundai Motor workers ordered to pay $8.5m for strike

[2013-12-25 14:23]

The Court ordered part-time workers at Hyundai Motor Co to pay the company a record 9 billion won in financial damages resulting from their illegal strike.

Hyundai-Kia braces for difficult year

[2013-12-25 14:20]

Hyundai Motor Group expects to surpass its annual sales goal this year on the back of brisk overseas growth, but domestic sales were far from stellar.

Electric car is the future: Malaysia Prime Minister

[2013-12-25 14:11]

Malaysia is committed to reducing carbon emission and fully supports the development of electric cars, said Prime Minister Najib Tun Razak.

Australian car makers' future gloomy

[2013-12-24 11:09]

The high cost and insufficient production scale of Australian car makers have made the domestic vehicle industry very hard to survive.