Stellar U.S. jobs data boosts dollar and stocks
The dollar climbed to a more than four-year peak and global equity markets rose on Friday after data showed U.S. employers stepped up hiring in September and the jobless rate fell to a six-year low, further signs of a relatively strong economy.
Oct 03, 2014 11:43 AM EDT
Bentley joins ultra-luxury fast lane with Mulsanne Speed
Bentley, the venerable British carmaker known for comfort and style, is moving into the fast lane of ultra-luxury cars with a new version of its flagship saloon, aiming to grab a bigger slice of a market tipped to double in size by 2018.
Searching for new supercar, Bugatti shielded from VW cost curbs
Volkswagen (VOWG_p.DE) keeps lavishing money on supercar maker Bugatti, its most exclusive brand, even as the German group plans painful cuts in its core auto business.
Premium carmakers push standardized cars to boost profit
Premium carmakers Mercedes-Benz, Volvo and BMW are aiming to sell more standardized cars and services to boost profit margins and simplify the complex list of options for buyers -- while also giving them the choice of a bespoke car if they want.
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Europe's carmakers walk tightrope between low cost and high spec
Carmakers are betting on style and recycling in the battle for Europe's burgeoning small car market, adding hi-tech safety and entertainment features while often using older vehicle underpinnings as a way to keep prices down.
Oct 02, 2014 12:11 PM EDT
Fiat needs more than the 500 to turn core brand around
While rivals roll out new models and concept cars, Fiat has little to show at the Paris auto show besides another variant of its retro-styled 500 compact car, in what is starting to look like a worrying trend for the carmaker's namesake brand.
Oct 02, 2014 12:05 PM EDT
Volkswagen's Seat says nearing profitability
Volkswagen's (VOWG_p.DE) Spanish division Seat is nearing profitability as new models boost sales and core European markets grow, Seat boss Juergen Stackmann said.
Oct 02, 2014 11:58 AM EDT
BMW, Mercedes standardize cars to help buyers and boost margins
Premium carmakers Mercedes-Benz and BMW are aiming to sell more standardized cars and services to boost profit margins and simplify the complex list of options for buyers -- while also given them the choice of a bespoke car if they want.
Oct 02, 2014 11:51 AM EDT
U.S. factory growth slows but hiring by companies steps up
Growth in U.S. factory activity slowed more than expected in September even as private sector job growth accelerated, signs of an uneven expansion in the U.S. economy.
Oct 01, 2014 12:12 PM EDT
September U.S. car sales show industry still strong
U.S. consumers bought more cars in September than in the previous year, but early sales results from leading automakers on Wednesday were mixed.
Oct 01, 2014 11:27 AM EDT
Special Report: In foreign hands, British automakers overtake France
When Britain lost its last native car company 20 years ago, it was lamented across the political spectrum as a national catastrophe.
Oct 01, 2014 11:21 AM EDT
SoftBank considers stake in Legendary Pictures: report
Japan's SoftBank Corp (9984.T) has been in talks to take a minority stake in privately held movie studio Legendary Pictures, entertainment trade publication The Hollywood Reporter reported on Tuesday.
Sep 30, 2014 11:29 AM EDT
EBay follows Icahn's advice, plans PayPal spinoff in 2015
EBay Inc (EBAY.O) said it would spin off PayPal, its fast-growing payments business, into a publicly traded company in the second half of 2015, marking an about-face for the company.
Sep 30, 2014 10:54 AM EDT
Global stocks fall, bonds rise on Hong Kong unrest
Global equity markets fell on Monday as civil unrest in Hong Kong weighed on investor sentiment, while Treasury prices rose as further signs of the relative strength of the U.S. economy raised the prospect of higher interest rates.
Sep 29, 2014 12:06 PM EDT
Roche, GSK melanoma pill combinations look similar in showdown
Rival two-pill combinations for melanoma from Roche and GlaxoSmithKline had similarly good results in separate clinical trials, leaving doctors with little to choose between the two skin cancer courses.
Sep 29, 2014 12:00 PM EDT
Costs, politics erode chances for a Tokyo casino by 2020
Plans to open Japan's first casino in Tokyo before the 2020 Olympics are becoming increasingly unlikely, with developers facing skyrocketing building costs and a city government that no longer considers casino development an economic priority.
Sep 29, 2014 11:49 AM EDT