Renault set a weaker profit goal for 2019 on Thursday, citing exchange-rate challenges and market uncertainties, as the French carmaker presented annual results without its recently ousted CEO Carlos Ghosn for the first time in 13 years.
Europe’s Airbus is scrapping production of the A380 superjumbo, with lackluster sales forcing it to abandon a dream of dominating the skies with a 21st century cruiseliner.
The new chairman of French automaker Renault on Thursday said it was not the time to discuss whether he would also take the helm of Nissan, as he arrived in Japan to reaffirm an alliance rocked by the arrest and ouster of former Chairman Carlos Ghosn.
Deutsche Bank on Thursday rebuffed calls for cuts at its struggling investment bank, citing an overhaul last year.
Renault SA Chairman Jean-Dominique Senard, arriving in Japan for a meeting with Nissan Motor, said it was not yet time to discuss whether he would assume the chairmanship of the Japanese automaker, Jiji news agency reported on Thursday.
VEVEY, Switzerland (Reuters)A – Nestle said it expected its organic sales to rise by more than 3 percent this year after an improving performance in China and North America helped growth accelerate in 2018 after six years of slowdowns.
Renault’s revenue and profits fell in 2018, hit by collapsing diesel sales, exchange-rate setbacks and a withdrawal from the Iranian market, the French carmaker said.
The owner of one of the world’s most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.
Four of Deutsche Bank’s 10 biggest shareholders want the lender to make cuts at its investment division, particularly in the United States, the Financial Times reported on Thursday, citing unidentified sources.
Etihad Airways said on Thursday it has agreed with Airbus and Boeing to restructure a “large portion” of its orders, in what appeared to be a major cut in long-haul jet orders.
Loved by passengers, feared by accountants, the world’s largest airliner has run out of runway after Airbus decided to close A380 production after 12 years in service due to weak sales.
Jeff Leonard slides behind the wheel of his burgundy Hyundai Accord and heads to a nearby Walmart Inc store, where he picks up the package of groceries waiting for him.
Europe’s Airbus announced plans to scrap production of the A380 superjumbo on Thursday, abandoning its dream of dominating the skies with a cruiseliner for the 21st century after years of lacklustre sales.
Emirates airline said on Thursday it had reached an agreement with Airbus to reduce its total order of A380 aircraft from 162 to 123 jets.
Asian stock markets were in a cautious mood on Thursday as investors hung on for any hint of progress in the latest Sino-U.S. tariff talks amid reports the White House could extend the deadline for a deal.
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