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Now playing Next Business Renault 2015 profit up despite big hit from Russia car sales slump Strong sales of new models pushed French carmaker Renault's profit up by nearly 50 percent in 2015, but it slashed the value of its stake in Russia's AvtoVAZ as sales there slumped. 12/02/2016
Now playing Next Business BMW enjoys bumper January sales BMW reports a 7.5 percent rise in monthly car sales in January with increases in Europe and China and falls in the US as winter storms deterred buyers. 10/02/2016
Now playing Next Business Peugeot Citroen compensates Iran for sanctions prompted pull out French car-maker PSA Peugeot Citroen will pay Iran over 400 million euros in compensation for losses after it quit the country due to international trade sanctions. 08/02/2016
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Now playing Next France Ferrari speed machine set to become the most expensive car ever A 1957 Ferrari 335 S Spider could well become the most expensive car ever when it goes up for auction in Paris. 05/02/2016
Now playing Next Business China boosts 2015 sales for Daimler, slower growth expected this year Daimler expects slower sales growth for its Mercedes cars in China this year after a 2015 surge in demand that helped the German carmaker post record sales and earnings. 04/02/2016
Now playing Next Business Late to the party but confident, Renault opens its first China assembly plant Renault says it still sees plenty of growth in Chinese vehicle demand as it opened its first assembly plant in the world's biggest car market, a joint venture with China's Dongfeng. 01/02/2016
Now playing Next Business Cost finally takes the Land Rover Defender off the road The last classic Land Rover Defender has rolled off the production line at the Solihull factory in central England, nearly 70 years after it debuted. 29/01/2016
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Now playing Next World Renault recalls thousands of vehicles for emissions modifications French carmaker Renault is to recall more than 15,000 vehicles to undergo engine modifications to comply with emission standards. 19/01/2016
Now playing Next Business Volkswagen unveils Budd-e at Las Vegas CES show Volkswagen’s Budd-e had its world premier in Las Vegas at the Consumer Electronics Show one of two Volkswagen concept electric cars which were 06/01/2016
Now playing Next Business Pioneering electric car maker, Tesla hit production targets Tesla will be keeping the revs up in 2016. The pioneering electric car maker said it met forecasts for delivery in the fourth quarter of 2015 making 04/01/2016
Now playing Next Business Volkswagen 'agrees loan' to cover emissions scandal costs Volkswagen is said to have agreed the terms of a 20 billion euro bridging loan with banks to help shoulder the costs of its emissions scandal 02/12/2015
Now playing Next Business Volkswagen to cut capital spending and focus on future technologies Volkswagen says it is to reduce capital spending to no more than 12 billion euros next year as it struggles with the enormous cost of its emissions 20/11/2015
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Now playing Next Business France 'ready to cut stake in Renault' says economy minister The French Economy Minister has said the state is ready to reduce its stake in Renault once taxpayers’ interests are preserved. Emmanuel Macron added 10/11/2015
Now playing Next Business Volkswagen shares fall over 'false' CO2 and fuel readings Another three billion euros have been wiped off Volkswagen’s market value after the company admitted the fuel consumption and CO2 emissions of some 04/11/2015