Canada’s notoriously oligopolistic big banks have long dominated the financial industry largely thanks to one simple fact: There’s just six of them. But they could soon become seven if a one sleepy Crown corp has its way.
MUMBAI: Procter & Gamble's efforts to push its margins wider by getting rid of products that it doesn't consider strategic anymore are still weighing on sales, with its performance in India a telling example. But the maker of Gillette shaving products and Pampers diapers is confident that the short-term pain will give way to long-term gains. In India, the world's largest consumer products maker posted high-single-digit sales growth in the January-March quarter in segments that are strategically important for it, the company said.
It looks like a goofy mosquito, its fat cockpit shoving through the wind while aloft, its wings folded up like a dragonfly while grounded. And it marks the biggest step toward a real, commercial flying car.
The Terrafugia Transition earned an exemption Sunday from the Federal Aviation Administration as a “light sport aircraft,” meaning the federal government is on track to legalize the first flying car.
FRANKFURT: Volkswagen on Tuesday revealed a plan to refit millions of vehicles affected by a worldwide pollution-cheating scam, as its new chief vowed to act ruthlessly to overcome the "severest test" in the car giant's history. The German government has given VW until October 7 to explain how it will resolve the scandal, which has wiped 29 billion euros ($33 billion), or 38 percent, off VW's market value in 10 days. Chief executive Matthias Mueller, who took the Volkswagen steering wheel on Friday, told senior management that technical solutions would be submitted in October.
Automaker Mitsubishi recently admitted to fudging fuel mileage data for more than 600,000 vehicles sold in Japan, leading to an ongoing probe by U.S. regulators. Those investigators may now have a lot more paperwork to sift through, after Mitsubishi’s latest revelation.
SHANGHAI (Reuters) - General Motors Co <GM.N> and its China joint venture partner will recall close to 1.5 million vehicles due to potential safety issues in one of the biggest recalls in the world's biggest autos market.