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Icahn to gain full control of Federal-Mogul with $300 million deal

Billionaire investor Carl Icahn, after nearly a year of posturing with Federal-Mogul's shareholders, will take full ownership of the diversified auto parts supplier in a roughly $300 million deal.

De Nysschen meets his Infiniti baby

Spotted at Infiniti's Detroit auto show stand last week was the brand's former global president Johan de Nysschen. Now president of Cadillac, de

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Ross tells Canada that U.S. will open NAFTA negotiations, report says

Canadian officials say Wilbur Ross, the nominee for US commerce secretary, has indicated that a formal-notification letter to open negotiations on NAFTA will be sent to Canada and Mexico within days of the inauguration of President-elect Donald Trump, according to the Globe and Mail newspaper.

VW delays bid to boost Audi's China sales with SAIC deal

VW Group says it will not produce or sell any Audi cars with SAIC in China until at least 2018, seeking first to strengthen ties with existing Audi partner FAW. A partnership with SAIC, China's largest automaker, could boost Audi's slowing sales as rival Mercedes makes ground in the market.