Transportation

Warren Buffett's $1.

When engineers at Mercedes-Benz tasked with field-testing a revolutionary new refrigerant watched it ignite in a ball of fire before their eyes, it took a while for the significance of their discovery to sink in.

Shareholders in EADS pored over a handful of clauses in the closing stages on Tuesday of talks to shake up the European aerospace group, people familiar with the discussions said.

Toyota Motor Corp expects Japan vehicle sales to fall by a fifth next year, in part due to the end of government tax incentives for fuel-efficient automobiles, domestic media reported, adding to the pain from a decline in China sales.

BMW of North America will recall 29,800 X5 utility vehicles with diesel engines to replace an engine part that could break and cause a loss of power steering, federal safety officials said Thursday.

Germany's state controlled bank KfW plans to buy a 4.

The French auto market is on course for its worst performance in 15 years in 2012, the CCFA industry association said as it reported a 19.

An imminent shake-up of EADS is expected to lead to a rise in state shareholdings in Europe's largest aerospace group, but in reality merely changes the rules for what is already a wary co-habitation.

U.S. conglomerate General Electric has agreed to buy the aviation business of Italian aerospace company Avio for 3.

Talks between General Motors' Opel unit and France's PSA Peugeot Citroen on joint vehicle development are on track, while there are no plans at this stage to build cars together, Opel's interim chief executive told a newspaper.

The auto maker said less than 1% of GM's salaried employees in the U.S. typically receive annual bonuses of up to 50% or more.