(Adds details) MILAN, May 2 (Reuters) – Fiat Chrysler Automobiles said it had completed the sale of its car parts unit Magneti Marelli to Calsonic Kansei for 5.8 billion euros ($6.5 billion), slightly below the initial price tag due to the unit’s changed financial position. Fiat Chrysler (FCA) last year agreed to sell Magneti Marelli… Continue reading UPDATE 1-FCA completes sale of Magneti Marelli for 5.8 bln euros
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Volkswagen shrugs off 1 billion euro legal hit with higher SUV sales
FRANKFURT (Reuters) – Sales of higher-margin sports utility vehicles and cost cuts helped Volkswagen shrug off a 1 billion euro legal charge to meet first-quarter operating profit forecasts on Thursday, sending its shares 4.5 percent higher. Earnings before interest and taxes (EBIT) fell to 3.9 billion euros ($4.4 billion) from 4.2 billion a year earlier… Continue reading Volkswagen shrugs off 1 billion euro legal hit with higher SUV sales
REFILE-UPDATE 3-VW shrugs off 1 bln euro legal hit with higher SUV sales
FRANKFURT (Reuters) – Sales of higher-margin sports utility vehicles and cost cuts helped Volkswagen shrug off a 1 billion euro legal charge to meet first-quarter operating profit forecasts on Thursday, sending its shares 4.5 percent higher. Earnings before interest and taxes (EBIT) fell to 3.9 billion euros ($4.4 billion) from 4.2 billion a year earlier… Continue reading REFILE-UPDATE 3-VW shrugs off 1 bln euro legal hit with higher SUV sales
UPDATE 3-VW shrugs off 1 bln euro legal hit with higher SUV sales
FRANKFURT (Reuters) – Sales of sports utility vehicles and cost cuts helped Volkswagen shrug off a 1 billion euro legal charge and meet first-quarter operating profit forecasts on Thursday, sending its shares 3.3 percent higher. Earnings before interest and taxes (EBIT) fell to 3.9 billion euros ($4.37 billion) from 4.2 billion a year earlier but… Continue reading UPDATE 3-VW shrugs off 1 bln euro legal hit with higher SUV sales
Judge approves Musk, SEC agreement over Twitter use by CEO
FILE PHOTO: Tesla Inc. CEO Elon Musk (C) exits after attending a S.E.C. hearing at the Manhattan Federal Courthouse in New York, April 4, 2019. REUTERS/Eduardo Munoz NEW YORK (Reuters) – A federal judge on Tuesday approved a deal struck between Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission over… Continue reading Judge approves Musk, SEC agreement over Twitter use by CEO
UPDATE 4-Lyft elevates GM first-quarter profit, pickups in driver’s seat
DETROIT (Reuters) – General Motors Co on Tuesday reported a higher-than-expected quarterly profit, lifted by revaluations of shares it holds in ride-hailing company Lyft Inc and France’s Peugeot SA. FILE PHOTO: A General Motors sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November… Continue reading UPDATE 4-Lyft elevates GM first-quarter profit, pickups in driver’s seat
Ford partners with Amazon to allow package deliveries to owners’ cars
FILE PHOTO: The Ford logo is seen at the North American International Auto Show in Detroit, Michigan, U.S., January 15, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Ford Motor Co said on Tuesday it partnered with Amazon.com Inc to allow members of the ecommerce company’s loyalty club Prime to deliver packages to their cars when they… Continue reading Ford partners with Amazon to allow package deliveries to owners’ cars
Ford reaches agreement with workers at Brazilian plant it plans to shut down
FILE PHOTO: Ford’s oldest Brazil plant is seen after the company announced its closure, in Sao Bernardo do Campo, Brazil February 20, 2019. REUTERS/Amanda Perobelli SAO PAULO (Reuters) – Ford Motor Co said on Tuesday it had reached an agreement with the workers’ union at a historic Brazil plant it plans to shutter by the… Continue reading Ford reaches agreement with workers at Brazilian plant it plans to shut down
Japan’s Softbank to announce $1 bln investment in delivery app Rappi on Tuesday- report
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo SAO PAULO (Reuters) – Japan’s Softbank is expected to announce on Tuesday a $1 billion investment in Colombian delivery app Rappi, Brazilian financial blog Brazil Journal reported. The Rappi investment would… Continue reading Japan’s Softbank to announce $1 bln investment in delivery app Rappi on Tuesday- report
UPDATE 1-Tesla to reduce solar panel prices by up to 38 pct – NYT
FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo (Reuters) – Tesla Inc plans to announce on Tuesday that it has started selling solar panels and related equipment for up to 38 percent below the national average price, the New… Continue reading UPDATE 1-Tesla to reduce solar panel prices by up to 38 pct – NYT