Fiat SpA said Tuesday that it closed the deal announced Jan. 1 with the cash payment of $1.75 billion to a union-controlled trust fund. That's on top of an initial $1.9-billion payment, which was arranged through a special distribution from Chrysler. Fiat also made the first installment on an additional $700 million payment.
Brazil is launching Latin America's first government-run auto crash test center, and experts say it's an important step forward for car safety in a country where inferior production standards mean motorists die at far higher rates than in the U.S.
In an updated outlook, the global lending organization forecasts that the world economy will grow 3.7 percent in 2014 and that the U.S. economy will grow 2.8 percent. The global forecast is 0.1 percentage point higher and the U.S. forecast 0.2 point higher than in the IMF's October forecast.
SABMiller PLC, one of the world's biggest brewers, says demand in emerging markets fueled sales in the third quarter, which ended Dec. 31. Chief Executive Alan Clark says in a statement Tuesday that growth in Africa, Latin America and China helped overall revenue grow 4 percent despite weaknesses in the North American and European markets.
The European Union says it is suspending a part of the free trade negotiations with the United States to hold a three months-long public consultation amid worries about the deal's proposed rules for investment. EU trade chief Karel De Gucht said Tuesday "some people in Europe have genuine concerns" about the planned investment agreement and the EU therefore seeks their input.
Europe's largest car maker Volkswagen says it won't use the ranking of its "Golf" model as Germany's favorite car in its advertising, after it came to light the country's main automobile club fudged figures in its poll.
Chinese state media say police seized almost 60,000 suspects involved in intellectual property infringement cases with a total estimated value of $28 billion in 2013. The official Xinhua News Agency says more than 90 million tons of counterfeit and substandard goods were confiscated last year, and more than 1,000 criminal networks smashed.
The Organization for the Prohibition of Chemical Weapons says 14 private sector companies have submitted bids to destroy chemicals removed from Syria as part of international efforts to dismantle Damascus' poison gas and nerve agent program.
A comet-chasing space probe that has been in hibernation for almost three years has woken up and sent its first signal back to Earth. The European Space Agency received the all-clear message "Hello World!" from its Rosetta spacecraft some 500 million miles away shortly after 7 p.m. (1800 GMT; 1 p.m. EST).
The United Nations' labor agency says the number of unemployed people around the world rose above 200 million last year as job opportunities failed to grow at the same pace as the global workforce. The International Labor Organization said Monday that an estimated 201.8 million people were unemployed in 2013. That's 4.9 million more than the previous year.
Out with General Motors Co., in with China's No. 2 automaker: PSA Peugeot Citroen is moving closer to a partnership with Dongfeng Motor.Spokeswoman Antonia Krpina at the capital-hungry French automaker said Monday its supervisory board has reached "cohesion" in talks announced last month involving Dongfeng.
InBev never really wanted to part with the leading South Korean brewer, but decided to sell it in 2009 to KKR and Affinity Equity Partners for $1.8 billion, as part of a strategy to reduce debt during the financial crisis. The deal has proved highly lucrative for the private equity firms.
Aircraft maker Boeing Co., Etihad Airways, the oil company Total and others say they will work together on a program to develop an aviation biofuel industry in the United Arab Emirates. Boeing says in a news release Sunday that the program will involve research and development and investments in production of fuels derived from plants that can power aircraft.
Seeking to calm a furor over U.S. surveillance, President Barack Obama on Friday called for ending the government's control of phone data from hundreds of millions of Americans and immediately ordered intelligence agencies to get a secretive court's permission before accessing such records.
Expectations are high for RoboEarth, a new European-funded system to speed the development of human-serving robots. Scientists from five major European technical universities have gathered in the Netherlands this week for its launch and to demonstrate possible applications.
The move is part of efforts by the Japanese electronics manufacturer to accelerate outsourcing of its slumping semiconductor manufacturing operation. Last month, the company said it will sell off three of its semiconductor plants in central Japan to an Israeli chipmaker.
A judge in the town that's home to Goodyear has thrown out a lawsuit filed by French workers trying to save their tire-making jobs at a plant that has become a symbol of their country's labor tensions. Workers plan to appeal.
Bombardier Aerospace says it has signed a firm agreement to to sell 16 of its CS300 aircraft to a Saudi Arabian airline with an option to sell an additional 10 aircraft. The order for the 16 aircraft is valued at approximately $1.21 billion, but should all 10 options be exercised, the value of the contract would increase to $1.99 billion.
International climate negotiators agreed at the 2009 U.N. climate change conference in Copenhagen that global warming this century shouldn't increase by more than 2 degrees Celsius to avoid the worst impacts of climate change. According to the International Energy Agency, $36 trillion of global investment will be needed in clean energy by 2050 to meet this goal.
The General Court in Luxembourg ruled Thursday trademark protection can't be granted because buttoning the label to the soft toy's ear lacks a "distinctive character" and doesn't in itself enable average consumers to recognize the product's origin.
The European car market has endured its longest slump ever with a sixth straight year of contraction in 2013, but an unexpected surge in December sales may signal recovery, according to industry data released Thursday.
Oil giant BP forecasts world demand for energy to grow by 41 percent by 2035, driven by growing consumption in the booming economies of China and India. That represents a drop from 55 percent growth in the previous period, and BP says the growing use of renewable energy will help energy suppliers meet the world's needs.
The National Security Agency has implanted software in nearly 100,000 computers around the world — but not in the United States — that allows the U.S. to conduct surveillance on those machines, The New York Times reported.
Ford's money-losing European business saw sales fall 2.1 percent last year in a tough market where unemployment and a slow recovery are holding back buyers. The Dearborn, Michigan-based automaker sold 1.08 million cars in 19 European countries, as sales slipped for two of the company's mainstay models, the small Fiesta hatchback and compact Focus.
Chinese tech giant Huawei on Wednesday rejected suggestions its telecoms equipment is vulnerable to hacking and forecast a rise in 2013 profit of nearly 50 percent. Chief financial officer Cathy Meng rejected as "groundless" reports that Huawei equipment might be more vulnerable to security threats than telecoms infrastructure made by other companies.