Europe's new car market shrank at a slower pace in October than in recent months, but nearly all major groups still suffered double-digit declines, as consumers showed little inclination to make big-ticket purchases in a slow economy.
A German court has rejected a wrongful dismissal lawsuit brought by former Mercedes-Benz USA boss Ernst Lieb against Daimler, which accused the manager of improperly using company money to equip his home.
Novelis, the largest supplier of flat-rolled aluminum products to the auto industry, expects aluminum usage by carmakers in China to beat estimated annual global growth rates as demand surges for luxury car brands.
Kia Europe has named its UK head, Michael Cole, as its new chief operating officer. Cole, a longtime Toyota executive before he joined Kia, succeeds Paul Philpott as the fast-growing Korean automaker's No. 2-ranking official in Europe.