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Mondelez abandons pursuit of U.S. chocolate maker Hershey

The abandoned deal, which would have created the world's largest confectioner, underscores the grip that a charitable trust has on the maker of Hershey's Kisses and Reese's Peanut Butter Cups. The trust which controls Hershey was set up by the company's founder over a century ago to fund and run a school for underprivileged children. Hershey rejected a $107 per share acquisition offer from Mondelez at the end of June.

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Mondelez abandons pursuit of U.S. chocolate maker Hershey

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Japan government finds Mitsubishi overstated mileage for eight more models

Japan's transport ministry on Tuesday ordered Mitsubishi Motors Corp to stop domestic sales of eight vehicle models after an investigation found the automaker overstated their fuel economy, the second

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Japan government finds Mitsubishi overstated mileage for eight more models

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VW reviews procurement strategy in wake of supplier dispute

Volkswagen is reviewing its supplier and procurement strategy to avoid another crippling dispute like the one that caused production slowdowns and even stoppages at six plants this month, Chief Executive Matthias Mueller said. VW suppliers Car Trim and ES Automobilguss, both part of Prevent Group, triggered the disruptions by halting deliveries of seat covers and cast iron parts for gearboxes, exposing how dependent VW has become

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VW reviews procurement strategy in wake of supplier dispute