VW says fuel usage understated on some models; Porsche warns
BERLIN (Reuters) – Volkswagen on Tuesday said it had understated the fuel consumption of 800,000 cars sold in Europe, while majority stakeholder Porsche Automobil Holding SE warned that VW’s latest findings could further weigh on its results.
Walt Disney to invest $200 million in Vice Media
(Reuters) – Walt Disney Co will invest $200 million in edgy video maker Vice Media, known for its coverage of current affairs for the Millennial generation, a person familiar with the matter told Reuters.
U.S. fines Takata, bans volatile chemical in its air bags
WASHINGTON/DETROIT (Reuters) – The top U.S. auto safety regulator on Tuesday imposed a relatively modest $70-million fine on air-bag supplier Takata Corp and ordered it to stop making inflators that use ammonium nitrate.
Tesla shares jump on boost in vehicle sales in third quarter
SAN FRANCISCO (Reuters) – Tesla Motors Inc shipped more electric cars than expected in the third quarter with its Model X SUV rollout, boosting its stock by 10 percent even as the company posted its biggest loss in 10 quarters.
VW opposing UAW skilled trades worker vote at Tennessee plant
DETROIT (Reuters) – Volkswagen AG opposes a union representation vote by a small group of workers at the automaker’s sole U.S. vehicle assembly plant, according to a letter to Chattanooga, Tennessee, employees issued on Monday night.
Ex-Rabobank traders seek vindication as U.S. Libor trial closes
NEW YORK (Reuters) – Lawyers for two former Rabobank [RABO.UL] traders urged jurors on Tuesday to reject U.S. charges that they schemed to manipulate Libor interest rates, arguing the prosecution’s case relied on out-of-context emails, instant messages…
Energy, tech push stocks up; Nasdaq 100 sets record
(Reuters) – Big tech and energy sector gains drove U.S. stocks higher on Tuesday, as an index of 100 major Nasdaq companies finished at a record closing high.
U.S. factory orders fall, inventory liquidation under way
WASHINGTON (Reuters) – New orders for U.S. factory goods fell for a second straight month in September as the manufacturing sector continues to struggle under the weight of a strong dollar and deep spending cuts by energy companies.
As Keystone struggles, TransCanada pushes new Energy East terminal
CALGARY (Reuters) – TransCanada Corp is pushing ahead to develop Energy East, an all-Canadian alternative pipeline project to its struggling U.S. Keystone XL pipeline, and will soon reveal the location of a new export terminal.
U.S. auto industry headed for record sales in 2015 -GM
DETROIT (Reuters) – The U.S. auto industry is on track for a record year of annual sales, General Motors Co said on Tuesday, as the top U.S. automaker and its rivals reported October sales that far exceeded expectations.
