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VW profits power ahead 41%
German car maker Volkswagen AG says its net profit increased 41% for 2012 to 21.7 billion euro on a 21% rise in revenues.
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Japans ANA grounds Dreamliner fleet until May
Japan's All Nippon Airways said Monday it was grounding its fleet of Dreamliners until at least the end of May, with no end in sight to woes for Boeing's next generation plane.
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EADS lifts profits, sales in 2012
European aerospace giant EADS said Wednesday it achieved a strong rise in sales and earnings last year on the back of record sales at commercial aircraft maker Airbus and stable defence business.
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Ford recalls 230,000 minivans for corrosion issue
Ford Motor Co is recalling about 230,000 older minivans globally to fix a corrosion problem that could prevent the fold-down third-row seats from locking in place.
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Japan airlines hail Dreamliner battery fix approval
Japanese airlines on Wednesday welcomed US approval of test flights of the grounded Boeing 787 with prototype versions of the battery fix, holding out hopes for a resumption of its operations.
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Volkswagen to open seven factories in China
Volkswagen, Europe's biggest carmaker, said Thursday that it planned to open seven more factories in China, as it confirmed record net profits for 2012 and voiced optimism for next year.
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Dreamliner back in service in 'weeks'
The grounded Dreamliner is "absolutely" safe and will be back in the air within weeks, planemaker Boeing said in Japan on Friday, as it sought to reassure airlines and passengers about its aircraft.
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Airbus to sign mega A320 order from Asian carrier Lion Air
European aerospace giant Airbus will sign an order from Indonesian low-cost carrier Lion Air for more than 200 A320 medium-haul jets at a ceremony Monday with French President Francois Hollande,...
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Volkswagen to recall almost 385,000 China vehicles
German auto giant Volkswagen will recall 384,181 vehicles in China over gearbox defects, it said Wednesday after state television criticised it over the issue.
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Russia's Rosneft completes $56 bn TNK-BP takeover
Russia's state oil giant Rosneft on Thursday announced the creation of the world's largest listed oil company as it completed a $56-billion acquisition of the British and Russian stakes in the joint...
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Toyota to lift domestic output due to weak yen
Toyota Motor plans to raise domestic production during the April-September period by about 10 percent from its earlier estimate thanks to the recent weak yen, it was reported on Saturday.
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Samsung estimates Q1 operating profit of $7.7 bln
South Korea's Samsung Electronics said on Friday it expected a sharp increase in first-quarter operating profit to 8.7 trillion won ($7.7 billion), up 52.9 percent from the first three months of 2012.
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US aviation authority orders inspection of Boeing 737s
The US Federal Aviation Agency plans to inspect more than a thousand Boeing 737 airplanes to check for corrosion on certain pins that could compromise safety, according to a notice on the Federal...
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GM recalls 43,500 hybrid cars in US, Canada for fire risk
General Motors is recalling nearly 43,000 hybrid vehicles in the United States and around 500 in Canada to fix a defect that could cause a fire in the trunk, the automaker said Monday.
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Motorola accused of abusing its position
The European Commission has warned Motorola Mobility that its patent-infringement action in Germany against Apple appears to breach European Union anti-trust rules.
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Three new suicides at Foxconn China factory
Three Foxconn workers have committed suicide at a factory in China in the past three weeks, state media and a labour rights group said Saturday.
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US Congress hearing to look into Apple tax-avoidance
Apple CEO Tim Cook is scheduled to attend a US congressional hearing Tuesday to explain his company's tax avoidance policies. A Senate investigation indicated the firm's methods were resourceful, but...
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EU tariffs on Chinese solar would be 'a grave mistake'
Germany's economy minister has warned the European Commission that imposing punitive import tariffs on solar panels from China would be a grave mistake.
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Ford to halt car production in Australia in 2016
Car manufacturer Ford announced Thursday it will cease making vehicles in Australia in 2016 and axe 1,200 jobs, having produced its first car in the country in 1925.
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Nissan says to recall 841,000 cars over steering glitch
Japan's number two carmaker Nissan said Thursday it would recall some 841,000 compact cars worldwide due to a steering wheel problem.
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US panel rejects Motorola bid to block Xbox imports
The US International Trade Commission sided with Microsoft in a patent dispute with Google-owned Motorola Mobility that could have led to Xbox 360 videogame consoles being banned from import.
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Venezuela, Russia in joint oil venture
Venezuela and Russia formed a joint venture to produce 120,000 barrels of oil a day by 2016 in two fields in the Orinoco Heavy Oil Belt.
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News Corp approves Murdoch split for June 28
News Corp's board on Friday approved the break-up of the conglomerate into two independent companies, separating the high-flying entertainment assets from the struggling newspaper operations.
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Renault unfazed by collapse of Israeli e-car battery partner
Renault has played down the bankruptcy of the Israeli firm Better Place which had produced batteries for the French carmaker's electric cars. Renault says it will stick to its strategy to develop...
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Gazprom's monopoly soon a thing of the past?
Russia's energy giant Gazprom is finally facing real competition. More Russian gas producers are aiming to get a foot into global markets. For consumers, this may have the pleasant side effect of...
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Saudi oil giant reports record production in 2012
Saudi Arabia's state-owned oil giant says production reached record level last year as global demand surged and international sanctions sharply trimmed output from rival Iran.
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VW's German workers win raises in pay deal
Volkswagen's German factory workers will get a two-stage raise under a new wage deal reached as the automaker grapples with slipping sales and profit.
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German companies avoid billions in taxes
According to calculations by a think tank, German companies here massively avoid corporate taxes. But unlike Google and Apple, they exploit loopholes in German tax laws rather than transfer profits to...
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EU trade chief unfazed by China muscle-flexing in solar row
The EU Trade Commissioner Karel de Gucht has vowed not to drop plans for higher duties on solar panels from China. He has called Beijing's efforts to pressure the European Commission a waste of time.
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Ford, Chrysler report strong May sales
Ford and Chrysler reported strong sales in May on Monday as the US auto industry continues to pick up pace.
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Ford recalls 465,000 cars for fuel leaks
Ford on Monday announced the recall of 465,000 model 2013 cars worldwide to fix a possible fuel leak that has the potential to catch fire.
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AirAsiaX plans huge fleet expansion with IPO
Malaysian long-haul budget carrier AirAsia X said Monday it plans to use proceeds from a public listing to more than triple its fleet in the next four years to meet demand in Asia-Pacific.
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Volkswagen recalls 26,000 cars in Australia
German auto giant Volkswagen (VW) on Wednesday recalled nearly 26,000 vehicles in Australia due to a gearbox problem that could cause cars to lose power on the road.
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Airliner market set to double in two decades, says Boeing
Global demand for aircraft in the next 20 years will be stronger than previously thought, US planemaker Boeing has said, as passenger numbers are set to double. Boeing's estimate is even higher than...
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Airbus next-generation plane readies for first test flight
Airbus's next-generation A350 plane takes off on its first test flight Friday, a milestone for an airliner the firm hopes will challenge rival Boeing's lead in the lucrative long-haul market.
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UK car production on track to overtake France by 2018
Britain may overtake France as Europe's second largest automotive producer within the next five years if UK car sales and exports maintain current strong growth, industry executives said on Thursday.
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Boeing-Airbus dogfight dominates top airshow
The world's biggest air show takes to the skies on Monday, with a battle between Boeing and Airbus for orders in the lucrative market for wide-body planes set to dominate the Paris event.
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Qantas, BA in China prison labour row
Australian flag carrier Qantas launched an investigation on Wednesday into claims it purchased headphones made in a Chinese jail where inmates who miss production targets are reportedly beaten and held...
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Struggling airline SAS to fuel business with new Airbus jets
Scandinavian carrier SAS has signed a provisional order for new Airbus planes with a list price of several billion euros. The struggling airline hopes to improve its long-haul operations and return to...
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Panasonic, Sanyo fined $56 mln for price-fixing
Japan's Panasonic and its subsidiary Sanyo have each pleaded guilty to price-fixing involving auto parts and battery cells, agreeing to pay $56.5 million in fines, according to the US Justice Department.
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