Strikes in South Africa will spread to gas stations and car dealerships after a deadlock in wage negotiations with employers, a union said.
The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled.
Rolls-Royce Motor Cars is planning to open dealerships in Brazil and Chile to widen its global reach, the Sunday Telegraph reported, citing Chief Executive Officer Torsten Mueller-Oetvoes.
Zhongsheng Group Holdings Ltd., China’s largest publicly traded automobile dealer by revenue, is proceeding with plans to add 40 sales outlets on expectations of continued growth while the country’s economic expansion slows.
Toronto-Dominion Bank , Canada’s second-largest bank, said its new auto-lending unit is about 25 percent ahead of targets for signing agreements with U.S. car dealers.