S. Korea to slap VW with record fine, pursue execs over emissions ads

South Korea will file criminal complaints against five former and current executives at VW Group's local unit and fine the automaker a record $32 million for false advertising on vehicle emissions.

Nissan suspends production at Fukushima engine plant in Japan after quake

Nissan said it would suspend production at its engine factory in Fukushima at least until a tsunami warning is lifted after a powerful earthquake

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GM builds final Australian engine

Australian auto industry wind-down continues with General Motors ending engine production after nearly 70 years. Car production stops next year when GM and Toyota close plants, putting an end to Australia's auto industry.

BMW, Porsche, Nissan face sales ban on some models in S. Korea

South Korea plans to disallow sales of some Porsche, BMW and Nissan models after finding errors in certification documents for the carmakers' imported vehicles. The country's environment ministry also plans to fine the automakers a combined $5.56 million.

KKR said to drop from bidding for Takata

KKR & Co. has dropped out of the bidding for Takata Corp. as the troubled airbag maker seeks to finalize a shortlist of suitors by mid-November, according to people familiar with the matter.

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