U.S. consumer prices fall for third straight month
U.S. consumer prices fell for a third straight month in May as demand remained subdued amid a recession caused by the COVID-19 pandemic....
Fiat Chrysler plans to resume Panda production on June 16: union
Fiat Chrysler (FCA) plans to resume production of its Panda small car at its plant in Pomigliano, near Naples in southern Italy, on June 16,...
Dollar hits three-month lows amid Fed easing speculation
The dollar dropped to a three-month low amid speculation the U.S. Federal Reserve will announce later on Wednesday it intends to keep a recent rise...
Ford to expand alliance with Volkswagen to make about 8 million commercial vehicles
Ford Motor Co said on Wednesday it would expand its alliance with Volkswagen AG to produce up to 8 million commercial vehicles....
Tesla to start volume production of Semi trucks: memo
Tesla Inc’s chief executive Elon Musk said that it is time to bring its Semi commercial truck to “volume production”, as the U.S. electric vehicle...
Exclusive: RWE, Thyssenkrupp plan hydrogen production venture
Germany’s RWE plans to produce hydrogen from renewable energy to supply steelmaker Thyssenkrupp, the two companies told Reuters....
Adidas pledges to hire more black and Latino staff
German sportswear brand Adidas has pledged to invest $20 million in the black community in the United States and make sure that at least 30%...
Carmakers must overhaul production plans to hit climate goals: report
The world’s 14 biggest carmakers are on course to miss globally agreed climate targets, a leading sustainable finance think tank said on Wednesday, urging investors...
Stocks, dollar stumble ahead of Fed
Stock markets nudged down from more than three-month highs on Wednesday, while the dollar stumbled as caution took hold ahead of a U.S. Federal Reserve...
Cerberus demands changes at ‘disastrous’ Commerzbank
U.S. activist investor Cerberus is calling on Commerzbank to appoint two of its nominees to the supervisory board, cut costs and adopt a new strategy,...