Daimler to sell DENZA electric car in China with local subsidy
BEIJING (Reuters) – Daimler said its DENZA electric car will be eligible for local subsidies in China when it goes on sale there in September priced at 369,000 renminbi ($60,000).
Hyundai Motor unveils small SUV concept for China, to launch this year
SEOUL (Reuters) – South Korea’s Hyundai Motor on Sunday unveiled its small sport utility vehicle (SUV) concept targeted at the Chinese market, planning to join a flurry of rivals in tapping the growing segment in the world’s biggest market.
Toyota to launch China-made Corolla, Levin hybrids in 2015
BEIJING (Reuters) – Toyota Motor Corp plans to make and sell hybrid versions of its Corolla and Levin sedans in China next year, fitting them with locally-made components, in its first bid to entirely manufacture gas-electric hybrids outside Japan.
China set to replace U.S. as Volvo’s biggest market this year
BEIJING (Reuters) – China is set to surpass the United States to become Volvo Car Group’s biggest market in 2014 with sales of at least 80,000 cars in the world’s largest auto market.
SEC weighs requiring brokers to identify where trades made: Bloomberg
(Reuters) – The U.S. Securities and Exchange Commission is weighing a proposal that would require brokers to tell investors exactly where their stock trades are executed, Bloomberg reported on Saturday.
Rajaratnam’s brother loses bid to dismiss insider trading charges
(This story from April 18 corrects the number of counts the judge called “inconsistent” from four to two in 3rd, 16th and 17th paragraphs)
VW has agreed budget car concept, design: manager
BEIJING (Reuters) – Volkswagen has agreed the basic concept and design of a budget car for emerging markets, a VW manager told Reuters, nearing the project’s completion after a long struggle to meet cost targets for the vehicle.
Comcast in talks with Charter over divestitures: source
(Reuters) – Comcast Corp is in talks with Charter Communications over selling or spinning off roughly 3 million subscribers worth approximately $18 billion to $20 billion as part of the divestitures related to its $45.3 billion takeover of Time Warner …
Fiat Chrysler strikes deal to produce Jeeps in China
MILAN (Reuters) – Fiat Chrysler has reached an agreement to start producing Jeep vehicles in China with partner Guangzhou Automobile Group Co , the companies said on Saturday, as Fiat tries to catch up with competitors in a fast-growing market.
AMR loses bid to terminate retiree benefits
NEW YORK (Reuters) – A U.S. bankruptcy judge largely declined on Friday to rule that former American Airlines parent company AMR Corp had a unilateral right to terminate benefits for nearly 47,000 retirees.
