An armed group kidnapped 12 workers at a South Korean company’s power plant construction site in Nigeria today.

A South Korean-owned electronics company in the North is to close with the loss of around 80 jobs, it announced today.

An unidentified armed group kidnapped nine South Korean construction workers and a local person in Nigeria today, the Foreign Ministry said.

MORE than 200 jobs are to be axed at Daewoo’s TV and DVD factory in the North.

More than 200 workers are to lose their jobs at an electrical goods company.

An unidentified armed group kidnapped five South Koreans and a Nigerian at an oil field in Nigeria today,

A man was tonight charged over a hit-and-run in west Belfast which claimed the life of a woman and seriously injured her best friend.

“IT happened a bit faster than I expected,” said delighted West Cork father Patrick Murphy.

US car brand Chevrolet is to make its first appearance in Ireland later this year.

Car rental group Avis Europe today said it had signed Europe’s largest ever fleet partnership deal with US car maker General Motors.

Shareholders in troubled Polish car venture Daewoo-FSO Motor Polska decided today to create a new company, a move that could open the way for British car maker MG Rover to help save the factory from bankruptcy.

Daewoo Motor contractors have decided to suspend supplies of automobile components to the carmaker from Thursday due to the company's failure to pay suppliers for the parts, local newspapers reported, citing suppliers' representatives.

MG Rover is negotiating for a major stake in a Polish car plant to be carved out of the ailing operations of South Korean company Daewoo.

Share prices were lower in early trade, after stronger than-expected inflation and labor data intensified the market's concerns that the Federal Reserve is poised to raise rates soon, dealers said.

The new Vauxhall Vectra, a high-performance Ferrari and a host of innovative concept cars will be among models unveiled for the first time at this week’s Geneva Motor Show.

Daewoo Motor company will resume making cars next week after subcontractors decided to restart parts supplies after a five-day boycott of the troubled carmaker.

A helicopter has crashed into a coastal electricity tower near Seoul, in South Korea.

General Motors says it is still interested in buying Daewoo, and plans to decide whether to do so "as soon as possible".

General Motors says it is still interested in buying Daewoo, and plans to decide whether to do so "as soon as possible".

Hundreds of workers and students hurled petrol bombs and rocks at South Korean riot police today in protest at the layoff of 1,751 staff by the ailing Daewoo car company.

Dozens of Daewoo car factory workers in South Korea have clashed with riot police during a rally to protest against mass lay-offs.