May 7, 2019

GM’s Cruise gets $1.15 billion new cash from T. Rowe Price, SoftBank

General Motors Co’s majority-owned Cruise self-driving division on Tuesday said T. Rowe Price and a group of existing investors put down $1.15 billion in new equity, […]
May 7, 2019

Jet Airways pilots’ union asks India’s top court to direct lender to release funds

Jet Airways’ pilots’ union has appealed to India’s top court to direct State Bank Of India (SBI) to release interim funding to try to revive the […]
May 7, 2019

Mylan revenue misses on Morgantown plant issues, shares fall 8 percent

Mylan NV missed first-quarter revenue estimates on Tuesday, hurt by lower demand for its products and manufacturing problems at its Morgantown plant, sending its shares down […]
May 7, 2019

Nissan’s premium brand Infiniti names new global chief

Nissan Motor Co’s premium division Infiniti is expected to announce a new acting global chief for the brand after its current head, Christian Meunier, resigned, the […]
May 7, 2019

Vaping companies facing European opposition to higher nicotine level

A push by makers of electronic cigarettes to raise nicotine levels in the European Union towards their far higher American levels is running into opposition, a […]
May 7, 2019

Porsche to pay 535 million euro fine over diesel affair

German prosecutors have imposed a fine of 535 million euros ($598.99 million) on German luxury carmaker Porsche AG for neglecting supervisory obligations linked to diesel emissions […]
May 7, 2019

China vice premier going to U.S. for trade talks despite Trump threats

Chinese Vice Premier Liu He will visit the United States this week for trade talks, Beijing said on Tuesday, playing down a sudden increase in tension […]
May 7, 2019

EU’s Juncker say he trusts Trump on trade, needs quick U.S.-China deal

The head of the EU executive said on Tuesday that U.S. President Donald Trump could be trusted on EU-U.S. trade relations and that the Sino-U.S. trade […]
May 7, 2019

Investments, legal charge put brakes on BMW

BMW’s first-quarter operating profit fell 78 percent to 589 million euros, despite higher deliveries of luxury vehicles, as the carmaker felt the effects of higher investment […]
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