Tags: United States
Takata adds nearly $30 million to special loss to cover air bag recalls, cuts outlook
Japanese air bag maker Takata Corp (7312.T) booked nearly $30 million in extra charges for vehicle recalls to replace potentially deadly air bag inflators, as well as other costs, tipping it toward a bigger annual loss than previously forecast.
With parallel import scheme, China aims to rein in luxury car prices - sources
China is taking aim again at foreign luxury car makers such as Audi (NSUG.DE), BMW (BMWG.DE) and Mercedes-Benz (DAIGn.DE) by allowing unauthorized dealers to sell imported cars - so-called 'parallel imports' - in a move to rein in high-end car prices.
Buffett tells Fox Business he wants a company in Europe
Billionaire investor Warren Buffett said on Wednesday he is likely to buy a small business in Western Europe and he would like to buy more businesses abroad.
Toyota lifts profit outlook as weak yen offsets Japan slump
Toyota Motor Corp lifted its operating profit guidance on Wednesday in a widely expected move, as a weaker yen increases the value of sales overseas and makes up for slumping demand at home.