Saturday, Nov 29, 2014Saturday, Nov 29, 2014

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NEW YORK (AFP) - Ford Motor Company recalled nearly 485,000 Escape sport utility vehicles on Thursday due to a problem with unintended acceleration.
TOKYO (AFP) - Toyota Motor has returned to the top of the global carmakers' league, Japanese media reported on Thursday, after the firm said it had sold almost five million vehicles in the first half of the year.
PARIS (AFP) - French carmaker PSA Peugeot Citroen has reached a deal to provide Japan's Toyota with light commercial vehicles for sale in Europe, the two companies said in a statement on Monday.
SEOUL (AFP) - The Renault-Nissan Alliance said on Friday it will invest US$160 million (S$202 million) to roll out Nissan models at its South Korean unit, with analysts saying it would gain from a weak won and recent free trade deals.
MEXICO CITY (REUTERS) - United States (US) carmaker General Motors (GM) on Thursday said it would build the Chevrolet Trax vehicle and a new generation of pickups at plants in Mexico.
(REUTERS) - Japanese automaker Toyota is close to an agreement to purchase light commercial vans from PSA Peugeot Citroen's threatened Sevelnord plant in northern France, La Tribune reported.
PARIS (REUTERS) - Government criticism of PSA Peugeot Citroen's planned cutbacks have weakened the French automaker and even left it vulnerable to hostile takeover bids, chairman Thierry Peugeot said in an interview with Le Figaro.
TURIN (REUTERS) - Fiat chief executive Sergio Marchionne will meet with trade union leaders on Aug 1 and likely provide an update about the Italian carmaker's plans, a source close to the situation said.
MILAN (REUTERS) - Free road tax, cheap petrol, cash rebates and even a free car. These are only some of the knock-down offers European automakers are offering in a brutal price war to try to lure the few consumers still buying cars in a deepening five-year slump.

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