Ford not interested in tie-up with Fiat Chrysler: CEO Fields

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. “I can't speak to what Sergio or others wake up and want to say,” Fields told reporters ahead of next week's Beijing motor show. After being…

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Ford not interested in tie-up with Fiat Chrysler: CEO Fields

Toshiba in final talks on new president; Tsunakawa top candidate: source

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 Sunday. The source, who is familiar with the matter, indicated Tsunakawa was a top candidate, saying the successor would be likely be one of three senior …

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Toshiba in final talks on new president; Tsunakawa top candidate: source

VW brand chief ‘confident’ of solving cost-cutting row with labor

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. Volkswagen's (VW) powerful labor leaders earlier this …

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VW brand chief ‘confident’ of solving cost-cutting row with labor

Mitsubishi Motors may skip earnings forecast due to data scandal: source

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 close to the company told Reuters on Sunday. The Japanese automaker is under investigation by the transport ministry after saying last week that it overstated the fuel economy of four of its minivehicle…

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Mitsubishi Motors may skip earnings forecast due to data scandal: source

Fed seen holding rates this week with hike still on horizon

By Jonathan Spicer and Ann Saphir NEW YORK/SAN FRANCISCO (Reuters) – U.S. Federal Reserve policymakers are expected to hold interest rates steady when they meet this week, but may tweak their description of the economic outlook to reflect more benign conditions, leaving the path open for future rate rises. The Fed raised its policy interest rate last December for the first time in a decade when market volatility finally subsided in the wake of a scare over China's economy. Similarly early …

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Fed seen holding rates this week with hike still on horizon

Fiat Chrysler recalls 1.1 million cars, SUVs for rollaway issue

By David Shepardson WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said on Friday it is recalling more than 1.1 million cars and SUVs worldwide because the vehicles may roll away after drivers exit. The recall covers the 2012-2014 Dodge Charger and Chrysler 300 sedans…

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Fiat Chrysler recalls 1.1 million cars, SUVs for rollaway issue

Panama raids Mossack Fonseca property, seizes shredded papers

Panamanian investigators on Friday raided a property used by Mossack Fonseca, the law firm at the center of a massive leak of offshore financial data, removing bags full of shredded documents as evidence, a local prosecutor said. “We have secured a large amount of evidence found in the location,” said organized crime investigator Javier Caraballo. In a statement, Mossack Fonseca said it had digitized all its documents and that the shredded papers taken from its premises were bound

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Panama raids Mossack Fonseca property, seizes shredded papers

Alphabet drops most in three years after first quarter but analysts upbeat

(Reuters) – Ruth Porat couldn't have been clearer: Alphabet Inc's chief financial officer said on Thursday that Google's parent needed to step up investment to boost traffic. Analysts agreed. The search giant&#

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Alphabet drops most in three years after first quarter but analysts upbeat

Bankruptcy judge puts off decision on SunEdison independent examiner

By Jessica DiNapoli NEW YORK (Reuters) – A U.S. bankruptcy judge on Friday put off making a decision on SunEdison Inc's request for an independent examiner at the company's first day in court. The U.S. renewable energy company, which filed for bankruptcy protection on Thursday, did receive approval on Friday to tap some of the $300 …

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Bankruptcy judge puts off decision on SunEdison independent examiner

Volkswagen takes $18 billion hit over emissions scandal

By Andreas Cremer and Edward Taylor WOLFSBURG/FRANKFURT (Reuters) – Volkswagen (VW) said on Friday it would take a 16.2-billion-euro ($18.2 billion) hit to its 2015 results and slash its dividend to help pay for its emissions-test cheating scandal. The news came amid growing signs a regulatory clampdown in the wake of VW's cheating is affecting the broader industry, with Germany-based automakers including Mercedes-Benz, and Opel – as well as VW – agreeing to recall a total of 630,000 cars to fix diesel engine technology blamed for high pollution. On…

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Volkswagen takes $18 billion hit over emissions scandal

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