A German federal court judge ruled that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel engines, a major blow for the carmaker in its home market as it continues to reel from the emissions scandal.
Chile's Latam Airlines Group SA has hired U.S. investment boutique PJT Partners to explore debt restructuring options that may include bankruptcy protection filings in three countries, Brazilian newspaper O Estado de S. Paulo reported late on Monday.
Asian shares forged ahead on Tuesday while U.S. stock futures challenged a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy.
Samsung Group heir Jay Y. Lee on Tuesday was summoned and questioned by prosecutors over a controversial 2015 merger of two of the group's affiliates, Yonhap News Agency said.
French tire maker Michelin resumed operations at its two plants in Mexico on Monday, saying that activity will be staggered at first.
Asian shares crept ahead on Tuesday following an upbeat session in Europe and further gains in U.S. stock futures as investors looked past Sino-U.S. trade tensions to a re-opening world economy.
Mexico's biggest retailer, Walmart de Mexico, said on Monday that it had paid 8.08 billion pesos ($358 million) to Mexican tax authorities in relation to its sale of a restaurant division and other matters.
Germany is still in talks with the European Commission over its rescue package for flagship carrier Lufthansa , Economy Minister Peter Altmaier said on Monday, adding that Berlin expected Brussels to give the green light for the bailout.
Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.
Nissan Motor would find it cheaper to invest in its Barcelona factory than to close it, a senior Spanish industry ministry official said on Monday, pegging the estimated cost of a shutdown at more than 1 billion euros ($1.1 billion).
Volkswagen must pay compensation to owners of vehicles with rigged diesel engines in Germany, a court ruled on Monday, dealing a fresh blow to the automaker almost five years after its emissions scandal erupted.
Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China's move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects.
Nissan Motor has not confirmed whether it plans to close its plant in Barcelona, a senior Spanish industry ministry official said on Monday.
The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an agreement on state aid worth billions of euros, a source close to the matter said.
German automaker Volkswagen said on Monday it had satisfied federal requirements to resume production in Mexico but would not make announcements about renewing operations as long as a decree in the state of Puebla remains in effect.