Volkswagen is renting parking spaces from August to stockpile vehicles which cannot be sold due to bottlenecks caused by new engine emissions tests, a spokeswoman said on Sunday. Read full …
Airbus CEO says eyes merger of its, BAE’s jet fighter units: Sunday Times
The chief executive of Airbus said he was open to a merger of his firm’s jet fighter business with that of BAE Systems , the Sunday Times reported. Read full …
Fiat Chrysler names Jeep boss to replace stricken CEO Marchionne
Fiat Chrysler named on Saturday its Jeep division boss Mike Manley to take over immediately from Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery. …
Factbox: The executives replacing Marchionne at FCA, Ferrari, CNH
Fiat Chrysler (FCA) said on Saturday that boss Sergio Marchionne, 66, would not be returning to work because he was gravely ill. Read full story Author:
Ferrari picks Louis Camilleri as CEO, Elkann as chairman
Luxury sports carmaker Ferrari said on Saturday it had appointed board member Louis Camilleri as its new chief executive, replacing Sergio Marchionne who is seriously ill. Read full story Author:
Fiat says Marchionne’s health worsens, names Jeep boss as CEO
The health of Sergio Marchionne, long-time boss of carmaker Fiat Chrysler (FCA) , worsened on Saturday and he has been replaced as chief executive by Mike Manley, the head of …
Fiat Chrysler picks Jeep boss as CEO as Marchionne’s health worsens
Sergio Marchionne was replaced as chief executive of Fiat Chrysler (FCA) on Saturday by the head of the firm’s Jeep division, Mike Manley, after the health of the carmaker’s long-time …
Marchionne exits Fiat Chrysler, Ferrari amid health crisis: sources
Fiat Chrysler chief Sergio Marchionne is to be replaced permanently at the helm of the global carmaker as well as Ferrari after suffering serious complications from surgery, sources said on …
Marchionne exits Fiat Chrysler, Ferrari amid health crisis: sources
Fiat Chrysler boss Sergio Marchionne is to be replaced permanently at the helm of the global carmaker as well as Ferrari, after suffering serious complications from surgery, people with knowledge …
U.S. tariffs to cost Germans up to 20 billion euros this year: report
U.S. President Donald Trump’s tariffs will lead to a drop in prosperity in Germany this year and are likely to cost Germans up to 20 billion euros ($23.44 billion), the …
Amazon, Toyota, Alcoa and others working to counter Trump’s tariff plans
Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration’s trade policies and to …
Fiat, Ferrari boards to meet on Marchionne succession: report
The boards of carmakers Fiat Chrysler and Ferrari will meet separately on Saturday to discuss succession plans for Sergio Marchionne, who is chief executive of both carmakers and has been …
Amazon, Toyota, Alcoa and others working to counter Trump’s tariff plans
Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration’s trade policies and to …
U.S. lawmakers cut anti-ZTE measure from defense bill
U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China’s ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to …
U.S. dollar drops, yields rise after Trump comments on Fed policy and tariffs
The U.S. dollar weakened, long term Treasury yields rose and stocks closed mostly lower on Friday after President Donald Trump complained again about the greenback’s strength and about Federal Reserve …
Wall Street slips as trade worries dampen upbeat earnings
U.S. stocks ended slightly lower on Friday as escalating trade anxieties driven by U.S. President Donald Trump’s latest tariff threats against China offset a string of robust earnings led by …
Over sorghum salad, U.S. farmers and Chinese buyers chew on trade
Chinese importers of the livestock feed sorghum feasted on tabbouleh salad and chipotle tortillas made with the U.S. grain at a Texas barbecue this week, as farmers try to woo …
U.S. stocks largely flat as trade fears offset strong Microsoft earnings
U.S. stocks were largely unchanged on Friday as escalating trade anxieties driven by U.S. President Donald Trump’s latest tariff threats against China offset a string of robust earnings led by …
GlaxoSmithKline considers splitting up the group: FT
GlaxoSmithKline Plc is considering a break-up of the group after investors pressed the company’s board to spin off its consumer division, the Financial Times reported on Friday. Read full story …
Wall Street braces for tariff fallout as S&P 500 companies report
Tariffs are starting to bite big manufacturers and Wall Street could get another bout of caution and uncertainty from major industrial companies when a swath of reports comes in over …
