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Corporate news

Nissan lowers price of electric Leaf
Nissan is lowering the price of its Leaf electric car to try to boost anemic sales. The 2013 Leaf will start at $28,800, which is $6,000 lower than ...
UPS abandons $6.9 billion deal for TNT Express
UPS scrapped plans to grow in Europe through the acquisition of Dutch delivery company TNT Express because European regulators were getting ready to ...
Music retailer HMV says it's looking at bankruptcy
British music and entertainment retailer HMV says it is preparing to enter a form of bankruptcy after failing to secure a reprieve from its lenders.
Jeep in talks to build some vehicles in China
Chrysler's Jeep brand is in talks to build some of its vehicles in China for that market as the automaker looks to build on growing interest in its ...
Dell's stock soars on report of possible buyout
Dell's stock soared 13 percent Monday on a report that the struggling personal computer maker is in talks to take the company private.
Toyota hints at racier new Corolla design
The Toyota Corolla is getting a facelift. But the jury is still out on how extreme its makeover should be. Toyota hinted at a new, edgier style for ...
Valpak coupons now offered in some vehicles
The company that sends you blue envelopes stuffed with coupons also wants you to save money while you're driving. Valpak has partnered with Roximity, ...
Stocks little changed on Wall Street; Apple slides
Apple held down the Standard & Poor's 500, pushing it further below the five-year high it reached last week, after the technology giant's stock sank ...
Chrysler CEO: Sales of new Dart fall short
Chrysler made the new Dodge Dart a little too European for American tastes. And the company's CEO says that fact is holding back sales of Chrysler's ...
Volkswagen floats idea of new midsize SUV
Volkswagen is getting into the midsize SUV market dominated by Ford and Jeep. The German company unveiled the CrossBlue concept SUV Monday at the ...
Ram pickup, Cadillac ATS win auto show awards
The two American automakers that emerged from bankruptcy protection in 2009 have earned bragging rights for a pair of new vehicles. General Motors' ...
Former Nortel CEO found not guilty in fraud case
The former chief executive of bankrupt Nortel Networks and two former senior executives were found not guilty Monday of falsifying financial reports ...
Jaguar adds 800 jobs as China sales accelerate
Car company Jaguar Land Rover says it's adding 800 jobs in Britain as it enjoys a big boost in sales in China, which is now the luxury auto brand's ...
Swatch in $1 billion deal for Harry Winston brand
Switzerland's biggest watch maker, Swatch Group AG, will pay about $1 billion to acquire Canada's Harry Winston watch and jewelry brand, officials ...
A look at corporate deals the EU has ruled on
United Parcel Service Inc. has walked away from a proposed $6.9 billion takeover of the Netherlands TNT Express NV, claiming European Commission ...
Report: Apple cutting orders for iPhone 5 parts
Apple shares fell in premarket trading Monday after The Wall Street Journal reported that the company has cut its orders for iPhone 5 components due ...
New Corvette bursts onto the road after 9 years
When General Motors engineers and designers started work on the next-generation Corvette, they drew up the usual requirements for the star of American ...
Google's ultrafast Internet draws startups to KC
Inside a small bungalow on the street separating Kansas City, Kan., from its sister city in Missouri, a small group of entrepreneurs are working on ...
Ford CEO: Luxury market has room for Lincoln
Ford thinks the luxury car market is missing something. Luxury buyers sobered up during the recession, the company reckons, and they now find German ...
More money, time needed to remove Concordia wreck
More time and money will be needed to remove the Costa Concordia cruise ship from the rocks off Tuscany where it capsized last year, in part to ensure ...
Lance to admit doping in Oprah interview
Lance Armstrong will make a limited confession to doping during his televised interview with Oprah Winfrey next week, according to a person with ...
Why attend car shows when photos are a swipe away?
Why go to a crowded auto show when you can glimpse dozens of new models on the internet? Because you can't catch a whiff of that new car smell through ...
New cars debuting at the Detroit auto show
The North American International Auto Show begins this week in Detroit with media and industry previews. It opens to the public Jan. 19. Here are some ...
Detroit auto show: a user's guide
The North American International Auto Show in Detroit, which features more than 500 vehicles, opens to the public Jan. 19. Here are the details: WHEN: ...