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(MENAFN - AFP) General Motors on Friday recalled 824,000 more cars for possible problems with ignitions that have led to more than 30 accidents and 12 deaths.

Last month, GM called back 1.6 million cars amid questions over why it took years to address a defect it knew about as early as 2001.

GM said there was no evidence of fatalities from ignition-related incidents ...


(MENAFN - AFP) Saudi activists have urged women to defy a traditional driving ban and get behind the wheel on Saturday, the second day of a visit by US President Barack Obama.

"We have fixed a day every month to pursue our campaign," activist Madiha al-Ajroush told AFP Friday, insisting that it was a coincidence their latest protest and Obama's visit came on the same day.

Saturday's ...


(MENAFN - AFP) Cyprus on Friday abolished restrictions on cash withdrawals imposed a year ago to avoid a run on the banks during bailout negotiations in 2013.

Moving towards lifting the eurozone's only capital controls, Finance Minister Haris Georgiades issued a decree abolishing the 300-euro ($410) daily ceiling on cash withdrawals from banks.

With "the overall ...


(MENAFN - AFP) Italy will cap salaries at some of the country's biggest public companies, the new government of 39-year-old Matteo Renzi announced on Friday, though some major groups will be exempt.

Government-controlled companies will now have top pay capped at the same level as the head of Italy's top court as part of Renzi's promise to cut back spending without further ...


(MENAFN - AFP) Two years late, Budapest's UNESCO World Heritage Site underground transit system finally got a fourth line Friday after an eight-year construction period marked by rows between Hungary's warring political parties.

Budapest's right-wing mayor Istvan Tarlos refused to invite his left-liberal predecessor Gabor Demszky to the opening, also attended by Prime ...


(MENAFN - AFP) Osman Erkov's farm sits pretty in a seaside village near Istanbul, but soon it will make way for one of Turkey's many new megaprojects, billed the "world's biggest airport".

"Look how beautiful it is, this landscape," said the dairy farmer, looking across the Black Sea village of Yenikoy on the rural fringes of the sprawling megacity of over 15 million people.

"Well, ...


(MENAFN - AFP) General Motors, already facing strong criticism and investigations over its handling of ignition-related recalls, abruptly halted Friday dealer sales of some models of its Chevrolet Cruze compact.

No reason was given for the move, which focuses on 2013 and 2014 Cruzes with 1.4 liter turbo diesel engines, according to a GM spokesman.

Nor was there any ...


(MENAFN - AFP) German auto giant Daimler said Friday it had signed a deal worth one billion euros ($1.4 billion) with its Chinese partner to expand production at their joint Beijing-based venture.

The deal, signed with Beijing Automotive Industry Corporation (BAIC Group), during a visit to Germany by Chinese President Xi Jinping, will expand production capacity at Beijing ...


(MENAFN - AFP) The International Monetary Fund is treading on risky ground in rushing to the aid of Ukraine, given the country's instability and poor track record with the international lender.

The IMF said Thursday it would lend Ukraine $14-18 billion over two years to help it rebuild its finances, which have been run down by poor governance, leaving the country on the ...


(MENAFN - AFP) German automaker BMW said Friday it plans to invest up to $1 billion (730 million euros) by 2016 to expand output of its X-series all-wheel drive SUV vehicles at its US factory.

"This will increase annual production capacity by 50 percent up to 450,000 vehicles from 300,000 currently," chief executive Norbert Reithofer was quoted in a company statement as ...

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