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Rolls Royce auto marque
Rolls-Royce Introduces New CEO, Days After Record Deal
Warren East will climb to CEO at Rolls-Royce, which recently won a $9.2 billion contract from Emirates Airlines to supply and maintain superjumbo engines.
Volvo Announces Quadrupled Profits, New Chairman
Martin Lundstedt will leave Scania after more than 20 years -- including the last three as its president and CEO -- to take over Volvo, which announced quadrupled profits for the first quarter.
Shanghai roads at night
Alibaba, Tencent Among China Tech Firms Angling to Enter Auto Market
Google and Apple have already made domestic news with plans for autonomous cars, and now China tech giants Alibaba and Tencent are entering the discussion, too. "This is all the sort of concept stage," according to a Chinese auto industry analyst.
Top US Labor Group Raps Fast-Track Trade Authority
AFL-CIO says bill would 'give away' crucial leverage to American companies
A Tesla automobile on the showroom floor
Google Considered Tesla Purchase In 2013
According to an excerpt of a new book to be published in May, Google considered purchasing Tesla for $6 billion -- with an additional commitment of $5 billion in factory expansion -- after Elon Musk proposed the idea in 2013.
Japanese maglev train
Faster Than a Speeding Bullet: Japanese Maglev Train Sets World Speed Record
The Japanese maglev train set another world record Tuesday during a test run, topping 373 miles per hour. Japan hopes to sell the technology overseas and have a train on (or levitating above) the tracks by 2027.
General Electric Could Sell Lending Unit to Wells Fargo
General Electric is in discussion with Wells Fargo about the potential sale of all or part of its lending unit, with a reported price tag of $74 billion.
Raytheon Raises Shield Against Cyber Attacks

Defense contractor Raytheon announced Monday it is investing $1.9 billion to create a cybersecurity firm to combat growing threats in the business sector.

Raytheon Company said it had struck a deal with Vista Equity Partners to form a new company combining Vista's Websense with Raytheon Cyber Products, a business unit of Raytheon's Intelligence, Information and Services segment.

Automakers Unveil New Models in Shanghai 1
Volkswagen, Ford and GM were among the auto manufacturers who championed new models at China's largest car show, and trumpeted the market despite a slower economy
Rising Sun to Rising Moon: Japan Plans Moon Mission

The Japan Aerospace Exploration Agency unveiled plans for a moon lander which, if successful, would make Japan the fourth country to reach the moon.

US Stocks Jump on China Stimulus
U.S. stocks surge with stimulus move by China's Central Bank
Volkswagen Chief Executive Martin Winterkorn
Volkswagen Backs Chief Executive Amid Leadership Struggle
The announcement was seen as a severe blow to supervisory board chief Ferdinand Piech, who has ruled the carmaker with an iron fist for more than 20 years.
Ford logo
Ford Announces $2.5 Billion Investment in Engine and Transmission Plants in Mexico
The projects in the states of Chihuahua and Guanajuato will create 3,800 direct jobs.
US lawmakers discuss fast track legislation
Lawmakers Reach 'Fast Track' Deal to Ease Obama's Path to Pacific Trade Agreement 2
If Congress grants Obama so-called "fast-track" authority, it would let lawmakers vote to approve or reject the proposed Trans-Pacific Partnership but prevent them from introducing changes.
Fiat Chrysler flag
Fiat Chrysler Proposes Bonus Plan to Improve Labor Relations in Italy
The plan will pay bonuses to autoworkers tied to "productivity, quality and profitability targets established in the 2015-2018 business plan."
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