Sergio Marchionne, the Fiat Chrysler boss who liked to fix things
Sergio Marchionne was one of the auto industry’s most demanding and tenacious chief executives and he rescued Fiat and Chrysler, two of its most storied brands.
Factbox: Tributes paid to former Fiat Chrysler CEO Marchionne
Former Fiat Chrysler Chief Executive Sergio Marchionne, one of the auto industry’s most tenacious and respected auto chiefs, has died, succumbing to complications from surgery.
Fiat Chrysler cuts 2018 outlook, shares tumble
Fiat Chrysler reported second-quarter operating profit below expectations on Wednesday, sending its shares down by as much as 14 percent as the carmaker cut its full-year outlook in response to a weaker performance in China.
Coca-Cola tops sales estimates on higher Diet Coke demand
Coca-Cola Co topped Wall Street estimates for quarterly sales on Wednesday, driven by the success of new versions of Diet Coke and demand for Zero Sugar brand.
Trump tariffs take a bite out of GM 2018 profit forecast
General Motors Co on Wednesday lowered its full-year 2018 earnings forecast, citing higher steel and aluminum costs, sending its shares down more than 3 percent in pre-market trading.
Daimler’s workers to defend jobs if tariffs force production shift
Daimler’s German workforce will seek to defend local jobs if the luxury carmaker attempts to shift some production to the United States in response to trade tariffs, supervisory board member Roman Zitzelsberger told Reuters.
Kit Kat loses bid to protect shape of four-finger bar at ECJ
Nestle on Wednesday lost its attempt to protect the shape of its four-finger Kit Kat chocolate bar in European Court of Justice after a tussle of over a decade to establish that it had a distinctive character.
EDF’s Flamanville reactor start again delayed to 2020
Problems with weldings have forced French utility EDF to delay the start-up date for its troubled Flamanville 3 nuclear reactor to the second quarter of 2020 and pushed its cost estimate up to three times the original budget.
EU prepares retaliatory tariffs on $20 billion of U.S. goods
The European Commission is drawing up a list of $20 billion of U.S. goods to hit with duties if Washington imposes tariffs on imported cars, European Union trade commissioner Cecilia Malmstrom said on the eve of her boss’s meeting with U.S. President D…
Deutsche Bank cites progress on overhaul despite profit slide
Deutsche Bank’s new boss hailed significant progress in his efforts to reshape the bank, having cut a quarter of the staff at its global equities business, as the lender posted a decline in quarterly profit.
