Fiat Chrysler still trying to resolve U.S. diesel emissions issue
GENEVA/WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV is still trying to win U.S. approval to sell 2017 diesel models as the U.S. government decides whether to take legal action, Chief Executive Sergio Marchionne said on Tuesday.
Confronted by market doubts, Federal Reserve drove March rate rise expectations
NEW YORK/SAN FRANCISCO (Reuters) – Early last week, financial markets saw just a 30 percent chance of the Federal Reserve raising interest rates in March; but by Friday after a striking series of comments from Fed officials, including Chair Janet Yelle…
United looking at second-hand aircraft, rules out A380
SAN DIEGO (Reuters) – United Continental Holdings is interested in buying second-hand aircraft as they are released to the market when leases expire, Chief Finance Director Andrew Levy said on Tuesday.
As criticism mounts, Uber seeks chief operating officer to temper CEO
(Reuters) – Uber Technologies Inc [UBER.UL] Chief Executive Officer Travis Kalanick said on Tuesday the ride-services firm is looking for a chief operating officer to help run the company, which has been battered by a series of damning revelations abou…
EU consumer agencies to join forces to press VW over dieselgate scandal
BRUSSELS (Reuters) – European national consumer agencies plan joint action to seek compensation for Volkswagen drivers who bought emissions-cheating diesel cars on the strength of their green credentials, the European Commission said on Tuesday.
VW brand to lift profitability as cost cuts work: CEO
GENEVA (Reuters) – Volkswagen’s core brand will improve profitability and gain market share this year after posting stable operating results in 2016 thanks to cost cuts, brand chief executive Herbert Diess said.
Ex-Tesla manager seeks $4 billion for Europe’s biggest battery plant
STOCKHOLM (Reuters) – A former Tesla executive is trying to raise at least $4 billion to build Europe’s biggest battery factory in Sweden to meet an expected surge in demand as the region’s automakers switch to electric vehicles.
PwC blames Corzine for MF Global demise as trial starts
NEW YORK (Reuters) – PricewaterhouseCoopers LLP [PWC.UL] pinned blame for MF Global Holdings Ltd’s collapse squarely on the commodity brokerage and its former chief executive, Jon Corzine, as a trial over the auditor’s own responsibility got under way …
Saudi energy minister says oil market fundamentals improving
HOUSTON (Reuters) – Saudi Energy Minister Khalid al-Falih said on Tuesday that oil market fundamentals were improving after an agreement struck with top oil producers to curb supply and end a two-year glut took effect.
Daimler has no plans to buy Aston Martin: CEO
FRANKFURT (Reuters) – Daimler has no plans to raise its minority stake in loss-making luxury carmaker Aston Martin, the German company’s Chief Executive Dieter Zetsche said on Tuesday.
