DETROIT - General Motors Co's decision to pull the plug on Chevrolet in Europe is one of several calculated moves the U.S. automaker appears to be making around the world that analysts and investors say are long overdue if the automaker wants to boost profits in line with its rivals.
NEW YORK - Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers from Wal-Mart Stores Inc to Neiman Marcus, and car makers, a red flag for investors who have ridden a sector rally all year.
SEOUL/SYDNEY - General Motors Co may consider shipping more South Korean-made cars to Australia, a source said on Friday, as part of a global restructuring that will see its Chevrolet brand in Europe dropped and production in Australia potentially scrapped.
SYDNEY - General Motors Co has decided to pull out of vehicle production in Australia as early as 2016, local media reported on Friday, in what would be a major blow to the struggling industry.
DEARBORN, Mich./SHANGHAI - Ford Motor Co unveiled its 50th anniversary Mustang sports car in its first global launch on Thursday, with a sleek redesign aimed at enhancing the brand's status outside the United States.
FRANKFURT/DETROIT - In a strategic about-face, General Motors will drop the Chevrolet brand in Europe by the end of 2015 after it failed to build significant market share, and the company will focus instead on its Opel and Vauxhall lines to try to return to profitability there.
TORONTO - Toronto Mayor Rob Ford called allegations he may have tried to buy a video that apparently showed him using crack cocaine "an outright lie" in a sports radio interview on Thursday.
PARIS/HONG KONG - Renault has won approval from Beijing authorities to begin Chinese production in a $1.3 billion joint venture with Dongfeng Motor Group , the carmakers said on Thursday.
BEIJING - Ford Motor Co and its local partners in China sold a total 99,157 vehicles on a wholesale basis in November, up 47 percent from a year earlier, the company said on Thursday.
SHANGHAI - China's state television accused foreign carmakers of charging domestic customers more for repair costs than in other markets, singling out Audi, Subaru and Jaguar Land Rover Ltd in the latest of a series of programs targeting foreign firms.
NUSA DUA, Indonesia - The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion to the global economy