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

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DETROIT 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.

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Daimler’s Uber rival mytaxi expands into Romania

LONDON Mytaxi, the ride hailing app owned by German carmaker Daimler , has agreed to buy a Romanian rival as part of efforts to create a pan-European service to take on Uber.

22 Jun 2017
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Daimler’s Uber rival mytaxi expands into Romania

LONDON Mytaxi, the ride hailing app owned by German carmaker Daimler, has agreed to buy a Romanian rival as part of efforts to create a pan-European service to take on Uber.

Tech, Budget 2017, Business 22 Jun 2017
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For thousands of U.S. auto workers, downturn is already here

LORDSTOWN, Ohio Wall Street is fretting that the U.S. auto industry is heading for a downturn, but for thousands of workers at General Motors Co factories in the United States, the hard times are already here.

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Analysis: America’s hungriest wind and solar power users - big companies

LOS ANGELES Major U.S. corporations such as Wal-Mart Stores Inc and General Motors Co have become some of America’s biggest buyers of renewable energy, driving growth in an industry seen as key to helping the United States cut carbon emissions.

Budget 2017, Business 21 Jun 2017
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Ford bets on low oil prices, moves Focus production to China

DETROIT/WASHINGTON Ford Motor Co said on Tuesday it will move some production of its Focus small car to China and import the vehicles to the United States in a long-term bet on low oil prices and stable U.S.-China trade relations despite recent tensions. | Video

Tech, Budget 2017, Business 21 Jun 2017
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Exclusive: China problems force Aston Martin into global recall of 1,658 cars

BEIJING British sports car maker Aston Martin Lagonda Ltd is ordering a global recall of 1,658 Vantage cars after problems with a routine transmission software update led to incidents in China in which some cars stalled and lost power, its CEO told Reuters.

Budget 2017, Business 21 Jun 2017
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Interview: Honda not clear if UK listening to sector's Brexit needs

LONDON Japanese carmaker Honda called on British politicians to keep the benefits of the European customs union and single market in negotiating a European Union exit, but said it remained to be seen whether they were listening.

Budget 2017, Business, Japan 20 Jun 2017

Business News

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Even with Whole Foods, Amazon would need many more warehouses to reshape grocery delivery

If Amazon.com Inc hopes to revolutionise grocery delivery, then its bid to buy Whole Foods Market Inc for $13.7 billion will be just the start of a long and costly process.

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Infosys says internal investigation found no evidence of wrongdoing

MUMBAI An internal investigation by India's Infosys into alleged improprieties related to two acquisitions by the IT services company found no evidence of wrongdoing, it said on Friday.

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Tata Steel sells stake in Tata Motors to Tata Sons for $586.3 million

Tata Steel Ltd said on Friday it sold its stake in Tata Motors Ltd to Tata Sons, the holding company of India's salt-to-software Tata conglomerate, for 37.83 billion rupees ($586.3 million).

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Sensex, Nifty end lower; financial stocks weigh

The NSE Nifty ended lower for a fourth straight session on Friday, its longest losing streak since mid-April, as investors booked profits in financials such as State Bank of India and Kotak Mahindra Bank Ltd.