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Reuters/Jessica Rinaldi

Russian auto giants strengthen ties

Heavily-indebted Russian carmaker AvtoVAZ appointed Sergei Kogonin, head of truckmaker Kamaz, to its board of directors, increasing the prospect for the creation of a state-control...

Volkswagen South Africa to double exports in '10

Europe's biggest carmaker, Volkswagen, will almost double exports from its South African plant in 2010 under a 27 billion rand ($3.59 billion) global contract for right-hand drive ...

Ford to invest $1.2 bln to grow in Brazil-governor

Ford Motor Co plans to invest 2 billion reais ($1.15 billion) in Brazil through 2015, most of it on a plant in the northeastern Bahia state, to expand production and benefit from e...

SAfrica auto aid will boost growth, cut trade gap -govt

South Africa's existing automobile industry programme and its replacement scheme is expected to cut the trade deficit and contribute billions of dollars to gross domestic product b...

Volvo union meets Geely, no detail on financing

Union leaders at Ford Motor's Volvo car unit held their first talks with China's Zhejiang Geely Holding Group on Thursday but are still waiting to see Geely's financing plans for t...