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Exclusive: Aston Martin looks to raise funds for new models - sources

Exclusive: Aston Martin looks to raise funds for new models - sources

Aston Martin is preparing to raise funds to expand its range of models into new areas including crossover SUVs, two sources with knowledge of the matter said, as the loss-making sports car maker steps up its turnaround efforts under a new boss.

By Staff Reporter

Japan automakers add 550,000 cars to Takata air bag recalls

Japan automakers add 550,000 cars to Takata air bag recalls

Three Japanese automakers will recall more than half a million cars globally to replace air bag inflators made by Takata Corp (7312.T), bringing the total tally of Takata-related recalls across all brands to around 20 million since 2008.

By Staff Reporter

Fiat Chrysler prices share offering at $11 each

Fiat Chrysler prices share offering at $11 each

Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N) said it had priced an offering of 87 million common shares at $11.00 each as the carmaker seeks funds to cut debt and pay for an ambitious investment plan.

By Staff Reporter

Pilots call for wider mediation in dispute with Lufthansa

Pilots call for wider mediation in dispute with Lufthansa

Pilots at Lufthansa (LHAG.DE) have called for mediation to cover all areas of their dispute with the German airline's management, not only the early retirement row that has resulted in 10 strikes this year.

By Staff Reporter

Airbus shares slump after 2016 profit warning

Airbus shares slump after 2016 profit warning

Shares in Airbus (AIR.PA) suffered their worst drubbing in more than six years on Wednesday after the planemaker predicted flat profits in 2016, a year in which investors had expected it to start feeling the benefit of new and recently upgraded models.

By Staff Reporter

Mercedes must boost China volume to snatch luxury sales crown: executive

Mercedes must boost China volume to snatch luxury sales crown: executive

Daimler's (DAIGn.DE) Mercedes-Benz needs to catch up with German rivals BMW and Audi in China to meet its goal of becoming the world's largest maker of luxury cars by 2020, a company executive said on Wednesday.

By Staff Reporter

BMW outsells Audi and Mercedes but lead narrows

BMW outsells Audi and Mercedes but lead narrows

Carmaker BMW (BMWG.DE) has racked up its highest-ever November sales, beating Audi and Mercedes-Benz, but the two German rivals remain on course to narrow BMW's lead in the global luxury car market.

By Staff Reporter