Thursday, Jul 24, 2014Thursday, Jul 24, 2014

Top Story

WASHINGTON (AFP) - Toyota announced on Wednesday a recall of 11,200 Scion iQ cars in the United States to fix a problem that could cause airbags and seat belts to malfunction.
TOKYO (REUTERS) - Nissan Motor plans to spend about 30 billion yen (S$460 million) on a new plant in Thailand in 2014 to diversify production in the wake of anti-Japanese demonstrations in China last month, the Nikkei business daily said on Wednesday.
SAO PAULO (REUTERS) - German automaker BMW plans to invest 800 million Brazilian reais (S$482 million) to build a new assembly plant in Brazil, sources with direct knowledge of the project told Reuters on Friday.
FRANKFURT (REUTERS) - French car maker Renault is considering the complete closure of factories because of the dire state of the European automobile market, the company's chief operating officer was quoted as saying on Sunday.
(REUTERS) - Fiat SpA filed a lawsuit in a United States (US) court against the healthcare trust that owns part of Chrysler Group LLC, claiming the trust failed to meet its obligation to sell a small stake in the US automaker after the two sides disagreed on price.
MILAN (AFP) - Italian auto giant Fiat's future plans, amid a collapse in sales, have put Italy on edge with trade unions warning that the country's biggest private sector employer is set to announce factory closures.
BEIJING (AFP) - United States (US) auto giant Ford Motor said on Tuesday it would bring its Lincoln brand to China in two years, pitching the vehicle to the luxury segment of the world's largest car market.
SYDNEY (AFP) - Some 23,000 cheap Chinese-made cars were on Wednesday recalled in Australia after asbestos was found in their engines, with unions demanding to know how they came to be in the country.
TOKYO (AFP) - Japan's Isuzu Motors will spend 30 billion yen (S$477 million) to build new factories in China and India to tap rising demand for pickup trucks in the fast-growing markets, a report said on Tuesday.

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