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Brent falls to another 12-year low on oversupply gloom
By Aaron Sheldrick TOKYO (Reuters) – Crude oil fell in Asian trade on Thursday, with Brent marking another 12-year low amid gloom over a world awash with supply and concerns about global economic growth hitting equity markets. Brent dropped as far as $29.73, the lowest since February 2004 and down more than 1.5 percent. West Texas Intermediate (WTI) erased Read the rest here: Brent falls to... [Read more]
Porsche CEO seeks U.S. approval of diesel engine fix in January
By Andreas Cremer DETROIT (Reuters) – Porsche is confident it will win approval from U.S. authorities by the end of January for plans to bring its larger diesel models capable of cheating U.S. emissions tests in line with the law, its chief executive said on Tuesday. Proposals submitted … See the original post here: Porsche CEO seeks U.S. approval of diesel engine fix in January Read More →
GM Europe operations still loss-making in 2015: CEO in magazine
The European division of General Motors was still loss-making in 2015, but hopes to return to profit this year, the division's chief executive told a German magazine. General Motors Originally posted here: GM Europe operations still loss-making in 2015: CEO in magazine Read More →
VW proposes catalytic converter to fix U.S. test cheating cars – Bild am Sonntag
Volkswagen engineers have come up with a catalytic converter that could be fitted to around 430,000 cars in the United States as a fix for vehicles capable of cheating emissions tests, German daily Bild am Sonntag reported. The converter would be fitted to cars with the first generation… View original here: VW proposes catalytic converter to fix U.S. test cheating cars – Bild am Sonntag Read More →
Facing U.S. storm, VW set for easier ride in Europe on emissions scandal
By Barbara Lewis and Kirstin Ridley BRUSSELS/LONDON (Reuters) – Volkswagen is unlikely to face U.S.-style fines in Europe over its emissions scandal because of a softer regulatory regime and its home country Germany's determination to protect its car industry, EU sources and legal experts say. The carmaker has been embroiled in crisis since last September, when it admitted it … More... [Read more]
Volkswagen CEO to hold high-level talks in Washington on emissions scandal
By David Shepardson WASHINGTON (Reuters) – Volkswagen Chief Executive Matthias Mueller will meet with the top U.S. environmental regulator next week for the highest-level talks since the German automaker admitted to using software to evade emissions requirements for 580,000 U.S. vehicles. Mueller will meet with U.S. Environmental Protection Agency chief Gina McCarthy on Wednesday in Washington,... [Read more]
Oil rises as market ponders scale of future Iran exports
By Amanda Cooper LONDON (Reuters) – Oil prices rose on Monday after a breakdown in diplomatic ties between Saudi Arabia and Iran that some speculated could result in supply restrictions, although gains were tempered by data showing some of Asia's largest economies are struggling. Saudi Arabia, the world's biggest oil exporter… Excerpt from: Oil rises as market ponders scale... [Read more]
Last-minute cold weather brings little relief to U.S. apparel
Apparel retailers saw a boost of no more than $200 million in sales from cold weather just before the new year, and with product markdowns above 50 percent, it will be very difficult to make up margins in the coming months, industry researchers said. Shoppers came out… View original post here: Last-minute cold weather brings little relief to U.S. apparel Read More →
Airbus to sell three A380 superjumbo jets to Japan’s ANA Holdings: Nikkei
European planemaker Airbus has won a deal to sell three A380 superjumbo jets to Japan's biggest carrier ANA Holdings Inc in a deal valued at about 150 billion yen ($1.25 billion), the Nikkei reported. Orders for Airbus A380s have dried up in recent years reflecting a fundamental shift in… Here is the original: Airbus to sell three A380 superjumbo jets to Japan’s ANA Holdings: Nikkei Read More →
Honda confirms ninth death linked to Takata airbag
By David Shepardson WASHINGTON (Reuters) – Honda Motor Co confirmed on Thursday that a Takata airbag inflator ruptured in a July crash of a Honda Accord and likely led to the death of the young driver, the ninth death in the world linked to the faulty inflators. After an inspection of vehicle components in cooperation with regulators, Honda said it “confirmed that the Takata driver’s... [Read more]