General Motors Co outpaced Toyota Motor Corp in sale of cars for the second quarter in the United States, according to data released on Friday, despite ongoing semiconductor constraints and supply chain shocks that have limited the capability of auto manufacturers to meet...

After failing to get regulatory permits, China's Great Wall Motor has cancelled plans to invest $1 billion in India and laid off all staff at its facilities there, according to three persons with firsthand knowledge of the case.   The Chinese automaker has planned to enter the Indian market...

According to a regulatory filing, Exxon Mobil Corp indicated on Friday that soaring margins from fuel and oil sales could deliver a record quarterly profit.   This year, oil has sold for more than $105 per barrel, with gasoline selling for around $5 per gallon in the United States. The...

General Motors (GM) announced on Friday that it had cancelled the sale of a defunct Indian facility to China's Great Wall Motor due to a lack of regulatory permissions, amid a stricter attitude by New Delhi toward Chinese investments.   In January 2020, GM agreed to sell the facility to...

According to a court filing, Alphabet Inc's Google has agreed to pay $90 million to settle a legal dispute with app developers over the money they made producing programmes for Android smartphones and luring users to make in-app purchases.   In a lawsuit filed in federal court in San...

The Swiss National Bank paid 5.74 billion Swiss francs ($6.01 billion) on foreign currencies in the first quarter of 2022, the bank said on Thursday, reducing its operations to limit the safe-haven franc's strength compared to the previous quarter.   The sum was lower than the 12.63 billion...

Gazprom, the Russian gas giant, has opted not to pay dividends on last year's earnings, the first time since 1998, sending its shares down 27 per cent.   "The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results," Deputy CEO Famil...

The Frankfurt state prosecutor's office announced earlier this week that police raided Hyundai and Kia over allegations that they put over 210,000 diesel vehicles on the road with suspected illegal defeat devices.   The announcement pushed shares of the two South Korean automakers down more...

Novartis has issued a warning that a previously announced reorganisation initiative might result in the elimination of 8,000 positions, or approximately 7.4 per cent of its global workforce, including up to 1,400 in Switzerland.   The job losses, which were originally estimated by Chief...

The EU agreement of phasing out combustion engine automobiles in just over 12 years is difficult, but a more formidable challenge will be producing enough batteries to power the electric cars required as a result, according to a senior Volkswagen executive on Wednesday.   The remark...

H&M has closed its main Shanghai shop, the fast-fashion brand's fourth closure in China, where consumer demand has fallen due to COVID-19 lockdowns and the fast-fashion retailer has bore the brunt of a backlash against companies that refuse to use Xinjiang cotton.   Despite having opened...