LONDON Ericsson and Volvo led European shares higher on Friday with well-received earnings reports during a session where financials and tech stocks also outperformed.
MUNICH/BRUSSELS BMW's headquarters were raided by European Union officials investigating an alleged cartel among German carmakers, it said on Friday, as rival Daimler claimed whistleblower status in an effort to avoid fines.
FRANKFURT PSA Group Chief Executive Carlos Tavares has signalled possible cost cuts at its Opel unit, noting in a newspaper interview that production costs were at least 50 percent higher than at the company's French factories.
BERLIN Daimler lifted the outlook for its trucks division for a second time in three months on Friday while its overall profit fell on costs related to diesel-engine updates, vehicle recalls and restructuring. | Video
BERLIN British luxury carmaker Bentley Motors has hired Adrian Hallmark, former head of strategy at British rival Jaguar Land Rover to become its new chief executive, it said.
STOCKHOLM Sweden's AB Volvo reported a bigger-than-expected rise in quarterly core earnings on Friday as stronger demand for heavy trucks more than offset costs stemming from strains on its supply chain, sending its shares to a record high.
VIENNA French Finance Minister Bruno Le Maire is competing with his counterparts from Slovakia and Luxembourg to replace Jeroen Dijsselbloem as chair of the Eurogroup of finance ministers, Austrian Finance Minister Hans Joerg Schelling said on Friday.
SYDNEY Australia's near 100-year automotive industry ended on Friday as GM Holden Ltd, a unit of U.S. carmaker General Motors Co , closed its plant in South Australia to move manufacturing to cheaper locations.
TOKYO Nissan Motor Co's internal investigation into inappropriate vehicle inspections is ongoing and it is still unclear how long the misconduct had been going on, Japan's transport minister said on Friday.
TOKYO Inappropriate inspection practices at Nissan Motor Co had been going for at least 20 years, Japanese national broadcaster NHK reported on Friday, in a new revelation that could further roil Japan's second-biggest automaker.
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