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Pfizer mulls $100 billion bid for AstraZeneca: report

LONDON - U.S. pharmaceutical giant Pfizer has approached British rival AstraZeneca to propose a 60 billion pound ($101 billion) takeover, the Sunday Times reported on Sunday.

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BMW in final stages of decision on potential new factory

BEIJING - Germany's BMW is getting closer to deciding whether it will build a new factory, its board member Ian Robertson said on Sunday, as the luxury carmaker expands capacity to meet demand in key markets.

2:26am EDT

In the driving seat: China's yuppies are new market force for global automakers

SHANGHAI/BEIJING - Global automakers are scrambling to meet the demands of China's young urban professionals, who want a car that makes them stand out, yet don't always have the money to splurge on a top-end model.

7:24am EDT

Hyundai Motor unveils small SUV concept for China, to launch this year

SEOUL - South Korea's Hyundai Motor on Sunday unveiled its small sport utility vehicle (SUV) concept targeted at the Chinese market, planning to join a flurry of rivals in tapping the growing segment in the world's biggest market.

12:52am EDT

Toyota to launch China-made Corolla, Levin hybrids in 2015

BEIJING - Toyota Motor Corp plans to make and sell hybrid versions of its Corolla and Levin sedans in China next year, fitting them with locally-made components, in its first bid to entirely manufacture gas-electric hybrids outside Japan.

12:14am EDT

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