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Uber wins $1bn investment from Toyota, SoftBank fund

Japanese car giant Toyota and investment fund SoftBank Vision Fund on Friday unveiled an investment of $1 billion in US company Uber to drive forward the development of driverless ridesharing services.

BMW to recall 360,000 China cars over Takata airbags

Germany's BMW will recall 360,000 vehicles in China as part of the worldwide effort to root out defective airbags made by now-defunct Japanese supplier Takata, regulators in Beijing said.

UK budget airline Flybe snubs counter-bid

Ailing no-frills British airline Flybe on Wednesday rejected a counterbid and repeated its backing for a takeover from a consortium led by Britain's Virgin Atlantic.

Toyota, Panasonic announce venture for green auto batteries

Toyota Motor Corp. and Panasonic Corp. say they are setting up a joint venture to research, manufacture and sell batteries for ecological autos, an increasingly lucrative sector amid concerns about global warming.

Ghosn received 8m euro in 'improper' payments: Nissan

Former Nissan boss Carlos Ghosn received nearly eight million euros in "improper payments" from a Netherlands-based joint venture, the Japanese car giant alleged Friday, threatening to sue to recover the funds.

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