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Rolls-Royce says SFO begins formal bribery investigation
LONDON, Dec 23 (Reuters) - Aerospace and defense group Rolls-Royce said Britain's Serious Fraud Office (SFO) had launched a formal investigation into concerns raised a year ago of possible bribery and...
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Berkshire Hathaway to buy Phillips 66 unit for around $1.4B
Warren Buffett's Berkshire Hathaway is to buy Phillips Specialty Products, a unit of Phillips 66 that makes chemicals to improve the flow potential of pipelines. The deal is valued at $1.4 billion....
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Volkswagen's luxury car brands post record sales
Volkswagen's luxury brands - Porsche, Audi and Bentley - have posted record sales helped by new model launches and a recovery in the global car market.AFP/GettyChannel: IndustrialsExternal Links Link:...
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Toyota expects record profits after yen boost
Toyota is forecasting record annual operating profits as the weaker yen helps to boost sales abroad. For the financial year ending in March, it expects operating profit to reach 2.4tn Japanese yen...
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Toyota to stop making cars in Australia by 2017
Toyota is to end its vehicle and engine production in Australia by the end of 2017, effectively marking the end of the country's carmaking industry. The company said it might scale down the operations...
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VW expects to car-sales goal four years early
German carmaker Volkswagen expects to sell more than 10 million vehicles across its multi-brand group this year, aiming to hit a long-running target four years earlier than previously...
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Toyota agrees $1.2B deal to settle U.S. safety probe
Japanese carmaker Toyota has reached a $1.2bn (£720m) settlement with US regulators after a four-year inquiry into its reporting of safety issues. The criminal investigation came after Toyota recalled...
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Growing service sector won't avert China slowdown
A robust services sector will not stop China's economy from slowing into the middle of the year, analysts said after modest government stimulus was seen as a signal authorities want to steady growth to...
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GM ousts 15 staffers over defective switch
General Motors CoTwo product litigation attorneys and a quality control executive are among the 15 employees who have been forced out by General Motors Co (GM.N) over the company's poor handling of a...
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Toyota expects record profit on weak yen
Toyota, the world's biggest carmaker, has raised its annual profit outlook after a weak yen offset a fall in domestic sales, reports the BBC. The Japanese giant now expects a record operating profit of...
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