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Reading News That Matters
Reading News That Matters
German automaker Volkswagen saw its profit slip in the first quarter as the company set aside 1 billion euros ($1.1 billion) for legal risks related to its 2015 diesel scandal. Earnings before interest and taxes (EBIT) fell to 3.9 billion…
Martin Winterkorn among five managers charged by prosecutors Prosecutors in the German city of Braunschweig said on Monday they were pressing criminal charges against former Volkswagen chief executive Martin Winterkorn in connection with the carmaker’s manipulation of diesel emissions testing.…
Fiat Chrysler grabbed the spotlight this week in the M&A rumor mill and some car makers have already announced that they wish to make the merger. Wall Street Journal revealed that French automaker Peugeot approached Fiat Chrysler Automobiles (FCA) about…