FCA-PSA tie-up must be ‘merger of equals’ with no job cuts: UILM trade union
A possible tie-up between Fiat Chrysler and Peugeot owner PSA must be a “merger of equals” that leads to no job losses in Italy, Italian trade union UILM leader Rocco Palombella said on Wednesday.
Apple mobilizes suppliers to unveil first 5G iPhones: Nikkei
Apple Inc is mobilizing suppliers to launch its first 5G iPhone range, the Nikkei Asian Review said on Wednesday.
VW lowers 2019 sales outlook as demand cools
Volkswagen lowered its full-year sales outlook on Wednesday, warning of slowing demand even as nine-month adjusted operating profit jumped 11.2% on increased demand for SUVs as well as Skoda and Porsche cars.
Qantas, Southwest stepping up checks for cracks in 737 NG aircraft after issues found
Qantas Airways Ltd and Southwest Airlines Co are stepping up checks for structural cracks on Boeing Co 737 NGs after discovering problems with planes that did not require urgent inspections, airline sources said.
Sony in record second quarter profit, image sensor demand offsets slide in gaming earnings
Sony Corp on Wednesday said operating profit jumped 16% in its strongest-ever result for a second quarter, as robust sales of image sensors offset a tumble in earnings from its gaming division.
Nintendo moves closer to China Switch launch after nod for first game sale
China granted approval for Nintendo Co to sell its first Switch console game in the country, a regulator announced, drawing closer the official launch of the hybrid home-portable device in the world’s biggest game market.
Oil slips as trade concerns outweigh drop in inventories
Oil prices fell on Wednesday as a possible delay in resolving the U.S.-China trade war overshadowed a drop in U.S. crude inventories.
Bayer says number of glyphosate plaintiffs jumps to 42,700
Germany’s Bayer said on Wednesday that the number of U.S. plaintiffs blaming its glyphosate-based weedkillers for their cancer mushroomed to 42,700 from 18,400 in July, raising the stakes in the group’s efforts to reach a settlement.
Lead China, U.S. trade negotiators will speak again soon: China foreign ministry
China’s Foreign Ministry said on Wednesday that lead China and U.S. trade negotiators will speak again soon after a U.S. administration official said an interim trade agreement between the United States and China might not be completed in time for sign…
Fiat Chrysler and PSA confirm talks over potential tie-up
Italian-American Fiat Chrysler and Frances’s Peugeot owner PSA are in talks over a potential tie-up aimed at creating one of the world’s leading auto makers.
