January 7, 2020

Daimler sued for $1 billion in German court over diesel cheating

Investors have sued Daimler for 896 million euros ($1 billion) in a regional court in Stuttgart, accusing the carmaker of concealing its use of emissions cheating […]
January 7, 2020

Volkswagen seeks damages from Prevent in ongoing legal dispute

Volkswagen is seeking more than 100 million euros ($112 million) in damages from former supplier Prevent, it said on Tuesday, adding it had filed a first […]
January 7, 2020

Oil tumbles as investors rethink Mideast disruption risk

Oil prices on Tuesday surrendered some gains made over the previous two days as investors reconsidered the likelihood of Middle East supply disruptions in the wake […]
January 7, 2020

Carmaker Rolls-Royce annual sales surge 25%

Luxury carmaker Rolls-Royce said on Tuesday it recorded a 25% jump in sales in 2019, underpinned by solid demand for its first-ever SUV, Cullinan, just a […]
January 7, 2020

Asia stocks rally, oil skids as investors reassess Mideast risk

Asian shares rebounded on Tuesday as investors’ reassessed the risk of an all-out conflict between the United States and Iran, while Wall Street battled back to […]
January 7, 2020

Uber partners with Hyundai on electric air taxi

U.S. ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor have teamed up to develop electric air taxis, joining the global race to make […]
January 7, 2020

Nissan says it will continue to pursue legal action against Ghosn

Nissan Motor Co Ltd on Tuesday said former Chairman Carlos Ghosn’s flight from Japan would not affect its policy of holding him responsible for “serious misconduct”, […]
January 7, 2020

Japan transport minister orders security checks for large luggage at airports

Transport Minister Kazuyoshi Akaba said on Tuesday that inspections of large baggage were now mandatory at private jet facilities at Japan’s major airports, following the stunning […]
January 6, 2020

Pier 1 to shut up to nearly half of its stores, raises going concern doubts

Home decor and furniture retailer Pier 1 Imports Inc said on Monday it plans to close up to almost half of its stores, cut jobs and […]
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