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Toyota shares eye worst day since US election as China sales drop

Toyota Motor shares are having their worst day in three months as investors continue to process news of a sharp fall in China sales. The automaker’s stock was down 2.33…

Volvo annual operating profits up by two-thirds on record sales

Volvo Cars lifted its profit margins substantially last year as it seeks to convince investors it is becoming a fully-fledged premium manufacturer ahead of a potential return to the stock…

Tube strikes are a spur to change the way we work

After driving past huge queues of people because the bus was so packed, our driver finally stopped to let an elderly passenger out of the front doors. Inevitably a couple…

Beijing turns up the heat on corporate South Korea

Hyundai Motor has postponed the launch of its Sonata plug-in hybrid in China and construction on Lotte Group’s $2.6bn Chinese theme park project has been halted as Beijing steps up…

Supercar maker McLaren moves chassis production to UK

McLaren, the supercar maker, is creating 200 jobs in Sheffield by moving production of carbon fibre chassis from Austria to the UK. The £50m factory is the latest investment by…

VW threatens legal action against former chairman

Volkswagen threatened legal action against its former chairman on Wednesday as the carmaker stepped into a public feud over whether top executives concealed knowledge about the diesel emissions scandal before…

Renault-Nissan sales on the rise

Renault-Nissan are close to overtaking General Motors on the global sales highway. Sales from the Renault-Nissan Alliance were boosted last year by the addition of Mitsubishi Motors, taking the global…

VW accused of violating terms over job cuts

Executives at Volkswagen have been accused of “flagrantly” violating the terms of a cost-cutting deal involving the shedding of 30,000 jobs at the group in fresh problems for the German…

Uber hires ex-Nasa engineer to research flying cars

Uber has hired a former Nasa engineer to help it research flying cars. After more than 30 years at the US space agency, Mark Moore is joining Uber’s Elevate division…

Buoyant US consumers help GM beat Q4 expectations

Post-election US consumer confidence helped General Motors beat the market expectations for its fourth quarter results but Brexit related foreign currency losses meant the automaker missed its goal of recording…

General Motors: sitting uncomfortably

As the US ponders radical tax reform, General Motors has a “seat at the table”, according to Mary Barra, chief executive. She is a member of Donald Trump’s chief executives…

GM hit from Brexit takes shine off US sales boon

The impact of Britain’s vote to leave the European Union will prevent General Motors from returning to profitability in Europe this year, with the US automaker forecasting $300m in Brexit-related…

Takata faces fresh bankruptcy fears

Investors in Takata have begun to price in the growing risk of a court-led bankruptcy after Chinese-owned Key Safety Systems emerged as the leading bidder for the Japanese automotive supplier…

Toyota lifts annual profit forecast on yen outlook

Toyota has followed rival Honda in lifting its annual profit guidance on a lower yen outlook. For the fiscal year through March 2017, Toyota said it anticipates a net profit…

UK car registrations surge to 12-year high

UK car registrations surged to a 12-year high in January, underscoring the willingness of Britons to purchase big-ticket items even as surveys showed consumer confidence dipping. The figures reverse a…