Newswire

  • Newswire

    Internal dossier criticises Audi top management -Bild  

    FRANKFURT, June 25 (Reuters) - German luxury carmaker Audi's management board, including Chief Executive Rupert Stadler, has been sharply criticised by company managers, Bild am Sonntag reported on Sunday, citing an internal dossier. It said the executive board had shown no signals of a fresh start, change or readiness for the future, and that workers were frustrated with "disastrous" indecisiveness. Stadler has come under fire for how he has handled the fallout from parent company Volkswagen's diesel emissions scandal....More
  • Newswire

    VW's Slovak union says close to wage deal to end strike  

    BRATISLAVA, June 24 (Reuters) - The union representing workers at Volkswagen's Slovak factories said on Saturday it was close to agreeing a wage deal with management to end a five-day strike that has hit production at the country's biggest private employer. About 70 percent of VW's 12,300 employees in Slovakia joined the protest, the union said. It began on Tuesday and is the first ever strike at the carmaker's plants in the country....More
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    EMBARGO-VW ex-manager should stay in Germany - lawyer in Bild  

    BERLIN, June 24 (Reuters) - A lawyer for one of the former Volkswagen managers sought in the United States in connection with the carmaker's diesel emissions-cheating scandal has advised him not to leave Germany, she told a German daily. "I have urgently advised my client not to leave Germany. Only here is it safe," Annette Voges, representing Heinz-Jakob Neusser told Bild Zeitung in comments published on Saturday....More
  • Newswire

    UPDATE 1-Honda engineer debunks own claim about cause of Takata air bag failures  

    (Adds detail from Honda statement, comment from plaintiffs' lawyer) By Joseph White DETROIT, June 23 (Reuters) - Honda Motor Co on Friday released a 2013 email in which one of its engineers suggested that he knew some hidden truth about "the root cause" of Takata Corp air bag failures, but the engineer later said he was mistaken....More
  • Newswire

    BRIEF-Tesla enters sixth amendment to its ABL credit agreement - SEC filing  

    June 23 (Reuters) - Tesla Inc: * On June 19, co, unit entered into the sixth amendment to the ABL credit agreement, dated as of June 10, 2015 - SEC filing * Amended agreement to permit borrowers to obtain up to $175 million of additional incremental commitments for potential total revolving commitments of up to $2.0 bln‍​...More
  • Newswire

    UPDATE 1-GM settles hundreds of ignition switch lawsuits  

    (Adds details from filing, background, case citation, byline) By Jonathan Stempel NEW YORK, June 23 (Reuters) - General Motors Co has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows. Settlement terms are confidential, but the accord could also resolve hundreds of state court claims, as well, lawyers for the automaker said in the filing in Manhattan federal court....More
  • Newswire

    Honda engineer debunks own claim about cause of Takata air bag failures  

    By Joseph White DETROIT, June 23 (Reuters) - Honda Motor Co on Friday released a 2013 email in which one of its engineers suggested that he knew some hidden truth about "the root cause" of Takata Corp air bag failures, but the engineer later said he was mistaken. The engineer's email was disclosed in a statement from Honda as part of its defense in a class action suit in Florida, where plaintiffs are seeking compensation for the lost value of vehicles due to defects in Takata air bag inflators....More
  • Newswire

    Reuters Business News Schedule at 1830 GMT/2:30 PM ET  

    Editor: Richard Chang +1 646 223 6200 Global Picture Desk: +65 6870 3775 Global Graphics Desk: +65 6870 3595 (All times GMT/ET) Receive this schedule by email: http://mediaexpress.reuters.com TOP STORIES Western tech firms bow to Russian demands to share cyber secrets...More
  • Newswire

    GM says settles many lawsuits over ignition switches  

    NEW YORK, June 23 (Reuters) - General Motors Co has reached a settlement to resolve lawsuits by 203 plaintiffs over defective ignition switches in many of its vehicles, lawyers for the automaker said in a court filing on Friday. Terms of the settlement are confidential, but the accord could also resolve hundreds of state court claims, according to the filing....More
  • Newswire

    BRIEF--GM settles part of litigation over defective ignition switches  

    June 23 (Reuters) - * 23-Jun-2017 01:56:10 PM - GENERAL MOTORS REACHES CONFIDENTIAL SETTLEMENT WITH 203 PLAINTIFFS IN IGNITION SWITCH LITIGATION -- COURT FILING * 23-Jun-2017 01:57:02 PM - LAWYERS FOR GM SAY SETTLEMENT COULD RESOLVE HUNDREDS OF STATE COURT CLAIMS AS WELL -- COURT FILING...More
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