Audi expects growth in double digits this year

BENGALURU: German auto maker Audi today said it expects to see a double-digit growth in its share in the luxury car market this year in India as there will be clarity on the way forward after budget and market will grow.

GE industrial profit rises despite flagging oil unit sales

(Reuters) - General Electric Co reported a 9 percent rise in quarterly industrial profit on Friday as its businesses that sell power-generating turbines and jet engines helped offset weak sales in its oil and gas unit.

Japan firms struggle to lift prices two years into Abenomics -Reuters poll

TOKYO, Jan 21 (Reuters) - Two thirds of Japanese companies plan to hold back on raising prices of products and services this year, a Reuters poll showed, underscoring the difficulty of defeating deflation despite two years of bold monetary policy and economic stimulus.

Volvo may expand export markets for Chinese-made midsize sedan

(Reuters) - Sweden’s Volvo Car Group, set to start shipping Chinese-produced midsize sedans for sale in the United States later this year, may add additional export markets in the Asia-Pacific region and elsewhere, Chief Executive Hakan Samuelsson said.

Apple sues Ericsson over LTE wireless telecom patents

(Reuters) - Apple Inc sued Ericsson alleging that the Swedish company's LTE wireless technology patents are not essential to industry cellular standards and that it is demanding excessive royalties for these patents.

JPMorgan to pay $500 million in Bear Stearns mortgage settlement: source

(Reuters) - JPMorgan Chase & Co (JPM.N) has agreed in principle to settle class action litigation arising from Bear Stearns' sale of $17.58 billion of mortgage securities that proved defective during the recent U.S. housing and financial crises.

Car sales in the UK in 2014 return to pre-recession levels

British consumers bought more new cars in 2014 than in any year in the last decade as cheap finance deals and a growing economy fuelled confidence.

BMW's China dealers say company agrees to pay $820 million subsidy

(Reuters) - BMW (BMWG.DE) will pay 5.1 billion yuan ($820 million) to auto dealers in China who pressured the world's top luxury carmaker to share the cost of overstocked showrooms, BMW's main Chinese dealership group said on Monday.