Foreign carmakers that raced into China to profit from what has become the world's biggest automobile market by volume have no intention of backing out despite slowing sales as the Chinese economy shifts down.
The Australian dollar on Wednesday recovered after twice slumping below US70� for the first time since April 2009 as global fears around China spilled into local trading and on the release of weaker than expected GDP figures.
A judge has allowed Uber drivers in California to take legal action to determine whether they are contractors or employees. Three drivers had sued Uber, arguing they were employees of the company.
After months of experimenting with all-day breakfast in several markets, McDonald's will make it available nationwide starting October 6. McDonald's is making a host of changes in a bid to turn around slumping sales.
... * VW proposes extending CEO contract until 2016. * Winterkorn term extended as he oversees revamp. * VW working on new group structure (Adds details on contract extension, background).