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Exclusive: Hyundai raids Bentley to turbo-charge Genesis luxury drive

By Norihiko Shirouzu BEIJING (Reuters) – After poaching Bentley's design chief last year, Hyundai Motor Co is set to announce it has also secured the services of the luxury marque's exterior designer. Korean Sangyup Lee is being brought in to work with Luc Donckerwolke, a Peruvian-born Belgian, to lead Hyundai's development of its Genesis premium car brand – a project driven by Chung Euisun, heir-apparent to the Hyundai Group. Hyundai Motor, which sells some…

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Exclusive: Hyundai raids Bentley to turbo-charge Genesis luxury drive

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Handbag maker Kate Spade’s same-store sales top expectations

(Reuters) – Handbags and accessories maker Kate Spade & Co reported better-than-expected quarterly sales at established stores, driven by demand for its kate spade new york line of products.

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Handbag maker Kate Spade’s same-store sales top expectations

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Fiat Chrysler February U.S. sales rise 12 percent

By Bernie Woodall DETROIT (Reuters) – Fiat Chrysler Automobiles February U.S. auto sales rose 12 percent as the carmaker again showed strong Jeep SUV and Ram truck sales. Sales for Jeep's six SUV models rose 23 percent,

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Fiat Chrysler February U.S. sales rise 12 percent

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Ferrari recalls 185 California T vehicles due to fuel leak risk

(Reuters) – Ferrari North America Inc., a division of Ferrari NV , is recalling some 2016 California T vehicles due to the risk of a fuel leak in the engine compartment, according to a U.S. Department of Transportation (DOT) notice on Friday. The higher risk of a leak, which increases the chances of fire, was the result of a manufacturing defect in a part provided by a supplier, according to a…

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Ferrari recalls 185 California T vehicles due to fuel leak risk

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Oil prices hit eleven-year low as global supply balloons

By Catherine Ngai NEW YORK (Reuters) – Brent crude oil prices hit their lowest in more than 11 years on Monday, while U.S. crude flirted with seven-year lows on more signs that swelling global supply looked set to outpace tepid demand again next year. Global oil production is running close to record highs and, with more barrels poised to enter the market

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Oil prices hit eleven-year low as global supply balloons

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BMW hit with $40 million U.S. penalty for safety lapses

U.S. auto safety regulators on Monday fined BMW $10 million, part of a $40 million civil settlement over the German automaker's safety lapses. The fine is the second paid by BMW since 2012 and…

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BMW hit with $40 million U.S. penalty for safety lapses

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