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Adolf Merckle commits suicide

German Billionaire Adolf Merckle commits suicide, after being hit by a train, on Monday.

German billionaire commits suicide

With the slumping global economy, many people are falling into despair amidst the bleak situation.

US Auto Sales Continue to Drop

Ford Motor Co. posted a 32% drop in U.S. light-vehicle sales for December while Toyota Motor Co. reported a 37% fall and Honda Motor Co. had a 35% decline, closing out the auto industry's worst year in more than 15 years.

China 1Q car sales over 1.37 million

China's domestic automobile market increased in March as the impact of snowstorm weakened. The domestic car sales in first quarter increased by 22.52 percent as compared with the same period last year, to reach 1.37 million totally.

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EU's top court strikes down VW law

The European Union's highest court on Tuesday struck down a German law that shielded Volkswagen from takeover, paving the way for Porsche to take majority control of Europe's biggest carmaker.

Are carmakers really turning 'green'?

Carmakers in Europe's biggest auto show are displaying clean cars alongside powerful sportscars and gas-guzzling SUVs.

Carmakers paint it green for the environment

Reducing emissions and raising fuel efficiency are the magic words at the Frankfurt International Motor show (IAA) as manufacturers and suppliers go all out to out-do each other -- or at least out-talk each other.

Green fleets, fat profits on display at Frankfurt show

Carmakers wasted no time trying to show off their new-found green credentials -- as well as their glittering profits -- at the start of the Frankfurt International Motor Show (IAA) on Tuesday.

Malaysia's Proton pins hopes on new model

Malaysian loss-making car-maker Proton Holdings expects to reverse a long and painful slide in its domestic market share with the launch of a new model from January.

Global stocks off lows, bonds, yen erase gains

European shares bounced back while the yen and government bonds erased gains in volatile trade on Friday after robust corporate results eased credit fears which have triggered sharp moves across financial markets.

Volkswagen says to meet pretax target a year early

Volkswagen will meet its 2008 pretax profit target of 5.1 billion euros ($7 billion) a year earlier than planned as cost cuts boost results, the group said on Friday, sending its shares sharply higher.

Peugeot H1 margin rises, says recovery started

Europe's second biggest car maker, Peugeot Citroen, said its recovery had started, reporting an operating profit margin of 2.7 percent in the first half of 2007 up from 2.4 percent a year ago.

VW mulls N. America plant due to dollar weakness

Volkswagen, the world's fourth-largest carmaker, is considering building a new North American factory if the dollar stays weak, Chief Executive Martin Winterkorn said in an interview with German magazine Focus.

Audi sets long-term target for U.S., China: report

Volkswagen's Audi premium unit aims to raise sales in the United States to 200,000 vehicles by 2015 from last year's 90,000, Audi's sales and marketing boss told a German newspaper.

MAN to make Scania bid more attractive: WSJ

Germany's MAN AG is planning a more attractive bid to win over resistant shareholders of Swedish truckmaker Scania, the Wall Street Journal on Friday quoted MAN Chief Executive Hakan Samuelsson as saying.

Volkswagen and union talks to resume on Friday

Volkswagen and its German workers union are set to resume critical talks over planned wage cuts on Friday

Volkswagen, union talks set to resume

Volkswagen and its German workers union are set to resume critical talks over planned wage cuts on Friday, overshadowed by a threat from its influential works council chief to break off the talks if no immediate progress is made.

Scania's size big enough to go it alone: executive

An executive at Scania , object of an unsolicited bid from Germany's MAN, has rejected market speculation that Scania may be too small to remain independent and successful over the long term.

Volkswagen is Most Eco-Friendly Automaker

Volkswagen of America Inc. is the greenest automaker according to a survey released on Monday, which ranked the Golf, Jetta and the new Beetle as the lowest emission-releasing vehicles.

VW stock weak ahead of union vote on wage

Shares in Volkswagen fell more than 2 percent on Monday ahead of a vote by German metalworkers union IG Metall on whether to reopen its contract with Europe's biggest carmaker.

Chrysler decides against VW cooperation

DaimlerChrysler's Chrysler Group has decided against a cooperation deal with German car maker Volkswagen to produce a new sub-compact car, a German magazine said on Saturday.

Volkswagen seeks sustained profit improvement

Volkswagen AG intends to keep driving profit growth beyond the record 5.1 billion euros ($6.6 billion) before tax it has targeted for 2008, management told analysts on Monday.

Will Alcohol-Run Cars Take Over the World?

With soaring gas prices making alternative fuels more attractive, ethanol - a grain alcohol made from a variety of crops including corn, sugarcane, barley and wheat - has become a popular alternative.

BMW, VW Report Higher N. American Sales

Germany's major automakers reported mixed results in the sales of their cars in North America during May, with BWM and Volkswagen reporting solid gains while sales by Porsche dipped, the companies said Friday.