Thyssenkrupp is preparing to replace its chief executive Guido Kerkhoff, whose brief tenure at the German submarines-to-car-parts group included four profit warnings and two failed restructuring efforts.
Swedish fund Cevian Capital, Thyssenkrupp’s second-biggest shareholder, on Wednesday said it fully supported the appointment of Martina Merz as new chief executive of the German industrial conglomerate.
The chief executive of luxury carmaker Aston Martin said securing $150 million in short-term debt, with an option for another $100 million, would address concerns in the market about the company’s balance sheet.
French luxury goods group Kering said it was launching an offer of bonds that could be exchanged for shares in Puma , in which Kering already holds a 15.7% equity stake, to the tune of 500 million euros ($549.8 million).
Asian stocks fell the most in three weeks on Wednesday after U.S. lawmakers called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty in the world’s largest economy.
Luxury carmaker Aston Martin Lagonda said it had raised $150 million from a bond issue, with the option to raise another $100 million if order targets are met, to improve its liquidity in a uncertain trading environment.
As WeWork parent We Company’s CEO Adam Neumann asked Artie Minson and Sebastian Gunningham to separately take care of the U.S. office-sharing space start-up’s finances and business, they developed turfs that became their mutual ticket to the top job.
More than 70 flights were scheduled to operate on Wednesday, Britain’s Civil Aviation Authority said, to bring back 16,500 people after the collapse of travel firm Thomas Cook.
Toyota Motor Corp is preparing to launch the second generation of its Mirai fuel-cell car next year, Chairman Takeshi Uchiyamada said on Wednesday.
The move by Democrats in the U.S. Congress on Tuesday to launch a formal impeachment inquiry into President Donald Trump has caused nervousness on Wall Street – but history suggests investors need not worry.
Asian stocks fell on Wednesday after U.S. lawmakers called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty in the world’s largest economy.
Asian stocks fell on Wednesday after the U.S. lawmakers called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty in the world’s largest economy.
About 45 hotels have been affected in Tunisia after the collapse of Thomas Cook, and the government will help the hotels with soft loans, Tunisia’s tourism minister said on Tuesday.
Aiming to cash in on a major push by South Korea to promote fuel cell vehicles, Sung Won-young opened a hydrogen refueling station in the city of Ulsan last September. Just one year on, he’s thinking about closing it down.
China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars.
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