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Ericsson, Volvo lead European stocks in earnings driven session

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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.

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BMW raided in cartel investigation as Daimler claims immunity 20 Oct 2017

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.

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PSA chief signals possible cost cuts at Opel unit - Die Welt 20 Oct 2017

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.

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Daimler's group profits fall while truck orders bulge 20 Oct 2017

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

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Bentley picks former JLR strategy boss as next CEO 20 Oct 2017

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.

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Volvo shares hit record as earnings top forecasts on surging truck demand 20 Oct 2017

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.

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France, Luxembourg and Slovakia in race for Eurogroup chair - Austria 20 Oct 2017

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.

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Australian car manufacturing ends as GM Holden closes plant 20 Oct 2017

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.

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Nissan still looking into how long misconduct went on: minister 20 Oct 2017

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.

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Nissan's inappropriate inspections started at least 20 years ago - NHK 20 Oct 2017

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.