Volkswagen unit Porsche to pay 535 million euro fine over diesel cheating
German prosecutors imposed a 535 million euro ($598 million) fine on German luxury carmaker Porsche AG, a unit of Volkswagen, as punishment for lapses in supervisory duties which allowed the company to cheat diesel emissions tests.
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 cheating, they said in a statement on Tuesday.
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 conflict needed to be resolved soon to restore investor confidence.
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 spending and a 1.4 billion euro ($1.6 bln) legal provision.
Allergan raises profit, sales forecasts on Botox boost
Allergan Plc reported a better-than-expected quarterly profit on Tuesday and raised its profit and revenue forecasts for the year, fueled by higher sales of its growth driver Botox.
French tycoon Niel to sell mobile towers to Cellnex for $3 billion
French tycoon Xavier Niel has agreed a 2.7 billion euro ($3.02 billion) deal to sell mobile towers in France, Italy and Switzerland to Cellnex as he seeks to bolster the finances of his telecoms group Iliad.
Explainer: China changes laws in trade war with U.S., enforcement a concern
China has been changing laws to address U.S. concerns about fair treatment of foreign companies, but with some vague wording and persistent concerns about enforcement, it is unclear if this will leave Washington satisfied.
Ferrari tops first-quarter profit forecast, shares surge
Italian luxury carmaker Ferrari beat forecasts with a 14 percent rise in first-quarter core earnings, driven by strong sales of its Portofino model and increased shipments in all regions, and stuck to its full-year targets.
Futures fall on U.S.-China trade uncertainty
U.S. stock index futures fell on Tuesday as uncertainty of a trade deal being reached between the United States and China kept investors on edge.
Vodafone steps up fight for Liberty deal with German access offer
Vodafone stepped up its battle to gain regulatory approval for its Liberty Global deal on Tuesday by offering rival Telefonica Deutschland access to its enlarged high-speed broadband network.
