Bloomberg Jaguar Land Rover opened a factory in Brazil as part of efforts to increase local sourcing of components and reduce the impact of currency fluctuations on its profits. The plant is the company’s first wholly owned facility outside its home market of the U.K. and will produce the Discovery Sport and Range Rover Evoque sport utility vehicles for ...

  Bloomberg California has overtaken France as the world’s sixth-largest economy, fueled by strong growth and the U.S. dollar’s gains against foreign currencies, state data show. The most-populous U.S. state, with a gross domestic product of $2.5 trillion, has also eclipsed recession-plagued Brazil. “This is the result of both good growth in California and exchange-rate movements of the U.S. dollar ...

  Bloomberg Car owners and the U.S. government have an extra week to file settlement proposals in Volkswagen AG’s diesel-cheating case after a federal judge delayed the filing deadline, citing the “highly technical nature” of the negotiations. Lawyers for the drivers, the U.S Department of Justice and the Federal Trade Commission now have until noon on June 28 to file ...