About 2,500 jobs are set to be lost as a result of Toyota's decision, which it attributed to high manufacturing costs.
Toyota is forecasting record annual operating profits as the weaker yen helps to boost sales abroad.
A recovery in the global car market boosts Volkswagen's luxury brands - Porsche, Audi and Bentley - sales.
Will add Phillips Specialty Products to its Lubrizol specialty chemicals business.
U.K. police look into concerns raised a year ago of possible bribery and corruption in China and Indonesia.
Brings total orders from Emirates alone for the world's largest jetliner to 140 aircraft.
Two former shareholders in aerospace group EADS face trial, official at French public prosecutor's office says.
German steelmaker finally offloads part of its disasterous Steel Americas investment for $1.5 billion.
Secondhand market is taking off, with sales growth last year outpacing that for new vehicles.
Prolongs uncertainty over whether Italian carmaker can reach deal to buy stake in Chrysler not already owned.
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