BYD Co, the Chinese car and battery maker backed by U.S. billionaire Warren Buffett, posted a forecast-beating fourth-quarter result on Sunday.
Tata Sons, the holding entity for Tata Group firms, and Citigroup have acquired 8.65 million shares in Tata Motors from Germany's Daimler AG according to data on the Bombay Stock Exchange website.
Daimler plans a technology cooperation with China's BYD to develop electric vehicles for China, in a sign that the German auto maker is increasingly dependent on China's know-how.
A thorny inflation clause and a shopping list of military gadgets dominated closing stages of talks to rescue the delayed A400M troop plane on Thursday as France held out the prospect of a deal next week.
Demand for luxury sedans like the sleek new E-Class Coupe helped power a 12 percent rise in global sales of Mercedes-Benz brand cars in December, closing off an otherwise dreadful year on a brighter note.
Ford Motor Co said on Wednesday it is nearing an agreement to sell its Volvo Swedish cars unit to China's Geely in a deal that underscores China's arrival as a major force in the global auto industry.
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Ballard Power Systems (BLD.TO) will supply Daimler AG (DAIGn.DE) with fuel cell products for the automaker's clean energy car and bus programs, Ballard said on Tuesday.
German carmaker Daimler AG expects to use short working hours in response to weak demand for passenger cars in the first quarter of next year, Chief Executive Dieter Zetsche told Reuters on Thursday.
Beijing Automotive Industry Holding Co (BAIC) said on Monday it had acquired some assets of General Motors' Saab unit as part of a push to develop its own-brand cars.
Daimler expects fourth-quarter sales volume at its Mercedes-Benz passenger car division to rise considerably in the fourth quarter as weak year-earlier figures helped flatter growth rates in November.
Daimler (DAIGn.DE) will switch production of roughly a fifth of its Mercedes C-Class models to the United States from Germany in 2014 in a move to avoid damaging currency fluctuations and protect its margins.
Mitsubishi Fuso, the Japanese unit of market leader Daimler Trucks, aims to weatherproof the company for smaller volumes in the future in order to steer clear of the losses it will book this year.
Mercedes' decision to buy Formula One champions Brawn and sell their stake in McLaren is good for all those involved, according to McLaren co-owner and former team head Ron Dennis.
BMW forecast global sales would keep rising, letting it defend its role as the world's top premium carmaker, after sales volume edged up 2 percent in October to 115,252 units.
Chrysler is making an operating profit and building cash, the No. 3 U.S. automaker's boss told reporters and industry executives on Wednesday as he unveiled a five-year plan to turn the company around.
The mood in the global automotive industry has shifted to cautious optimism, marked by the unveiling on Wednesday of Chrysler's turnaround plan and General Motors' plan to keep its Opel unit.
Daimler plans to cut 1,000 jobs at its Mercedes-Benz Cars premium division by offering a variety of buyout packages to staff, the German carmaker said on Wednesday.
Fiat SpA's plans for Chrysler will scrap the U.S. automaker's long-held plans for its brands outside North America with the exception of Jeep, people with direct knowledge of the plan said.
Ford Motor Co has made the most progress in improving vehicle quality among major automakers, while Chrysler ranks at the bottom of the industry for reliability, according to an annual Consumer Reports survey released on Tuesday.
Japan's Honda Motor Co exuded optimism while Germany's Daimler AG spread gloom about the outlook for car markets on Tuesday, highlighting the patchy nature of any post-crisis rebound.
Japan's Honda Motor Co exuded optimism while Germany's Daimler AG spread gloom about the outlook for car markets on Tuesday, highlighting the patchy nature of any post-crisis rebound.
