Nissan profits jump 10% as sales rise

Nissan has seen full-year profits jump 10%, boosted by better sales, cost-cutting and a weaker yen.

GM to invest $12 bn in China and plans more plants

BEIJING: US car giant General Motors Corp (GM) plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it steps up its presence to compete with aggressive rivals in the world's largest auto market.