VW brand chief ‘confident’ of solving cost-cutting row with labor
BEIJING (Reuters) – Volkswagen’s top brand executive is confident that management and labor will solve a dispute over cost-cutting at the core autos division and signaled readiness on Sunday to meet some of workers’ demands.
Test of Fiat diesel model shows irregular emissions: Bild am Sonntag
FRANKFURT (Reuters) – A German emissions probe conducted following the Volkswagen scandal suggested that some Fiat vehicles showed irregular levels of diesel exhaust pollution if the cars ran for longer than 22 minutes, Bild am Sonntag said.
Novartis to prepare the sale of its Roche stake: Sonntagszeitung
VIENNA (Reuters) – Drugmaker Novartis aims to dispose of a 13.5 billion Swiss franc ($13.8 billion) stake in its local rival Roche and has already hired banks to support the selling process, a Swiss paper reported on Sunday.
Toyota to launch plug-in, hybrid cars in China in 2018
BEIJING (Reuters) – Toyota Motor Corp plans to sell heavily electrified, so-called plug-in hybrid cars in China starting in 2018, its head of China operations, Hiroji Onishi, said on Sunday.
Mitsubishi Motors may skip earnings forecast due to data scandal: source
TOKYO (Reuters) – Mitsubishi Motors Corp is unlikely to issue an earnings forecast for the current financial year when it announces annual results this week, due to uncertainty about the financial impact of its misleading fuel economy data, a person c…
Glass Lewis tells Credit Suisse investors to reject pay packages: paper
VIENNA (Reuters) – Proxy adviser Glass Lewis has recommended shareholders in Credit Suisse reject the amount of remuneration set for the bank’s management and board members, Swiss newspaper NZZ am Sonntag reported.
Toshiba in final talks on new president; Tsunakawa top candidate: source
TOKYO (Reuters) – Japan’s Toshiba Corp is in final talks to replace President Masashi Muromachi, with Senior Executive Vice President Satoshi Tsunakawa a leading candidate as it aims to turn the scandal-hit firm back to growth, a source told Reuters on…
Volkswagen positive of China sales, plans more investments with JV partners
BEIJING (Reuters) – Volkswagen AG is optimistic that its positive sales trend from the two previous quarters will continue in China, the world’s biggest auto market, its China chief Jochem Heizmann said on Sunday.
Ford not interested in tie-up with Fiat Chrysler: CEO Fields
BEIJING (Reuters) – Ford Motor Co is not interested in a tie-up with Fiat Chrysler Automobiles NV , Chief Executive Mark Fields said on Saturday, when asked about FCA head Sergio Marchionne’s remark that Ford could be a potential merger candidate.
DoubleLine’s Gundlach says negative interest rates are a ‘horror’
VIENNA (Reuters) – Europe and Japan’s central bank policies of negative interest rates are a “horror” and will run counter to the desired effect, Jeffrey Gundlach, the widely followed investor who runs DoubleLine Capital, said in an interview with a Sw…
