GM, Ford and Toyota join to advance self-driving testing, standards
Three major automakers said on Wednesday they were forming a consortium to help draw up safety standards for self-driving cars that could eventually help create regulations in the United States.
Novartis’s Alcon spinoff ousts Baer from Swiss benchmark SMI
Novartis’s spinoff of its eyecare division Alcon, set for Tuesday April 9, marks the largest Swiss stock deal in a decade and forces a reshuffle of the benchmark Swiss Market Index (SMI) as private bank Julius Baer gets booted out.
Ford to launch more than 30 new models in China over next three years
Ford Motor plans to launch more than 30 new models in China over the next three years of which over a third will be electric vehicles, the U.S. automaker said on Wednesday, as it seeks to reverse slumping sales in the world’s top auto market.
French carmaker PSA launches Citroen C5 Aircross SUV in India
PSA Group on Wednesday launched its Citroen C5 Aircross SUV in India and said it would be available before the end of 2020, as the French carmaker re-enters the Indian market to expand beyond Europe.
IKEA to test furniture rental in 30 markets
IKEA will expand tests to allow customers to rent desks and sofas rather than buy them as it shifts away from selling low-cost disposable furniture in response to growing environmental concerns.
Commerzbank to decide on April 9 on merger talks with Deutsche: WiWo
Commerzbank’s executive board is due to decide on April 9 whether to intensify merger talks with Deutsche Bank or back away from a deal, German business weekly Wirtschaftswoche said on Wednesday.
Superdry slumps as founder’s return sparks board revolt
Shares in Superdry Plc fell more than 11 percent on Wednesday after founder Julian Dunkerton narrowly forced his way back into the company, which sparked the exit of most of its board members, including top executives.
World stocks rally to six-month highs on U.S.-China trade optimism
World stocks rallied to six-month highs on Wednesday as investors cheered signs of progress in U.S.-China trade talks and reassuring economic data, helping push Germany’s 10-year bond yield back up to zero percent.
Roche says $4.3 billion Spark offer still on track for June completion
Roche Holding said its effort to expand in gene therapy via the $4.3 billion takeover of Spark Therapeutics remained on track despite failing to get enough votes to clinch the deal and as U.S. regulators continued scrutinizing it.
India’s Jet grounds more planes as it seeks access to bailout funds
India’s Jet Airways said it has grounded more planes after failing to pay lessors, as the debt-laden carrier – which also owes salaries to pilots and crew – works to secure bailout funds promised by state-run banks.
