Industrials

U.S. court refuses to shield Volkswagen in diesel lawsuits

 A U.S. appeals court ruled on Monday that Volkswagen AG cannot escape potential financial penalties from two counties in Florida and Utah that may amount to a "staggering" additional liability arising from the German automaker's diesel emissions scandal.

GM ready to launch new large SUVs as plants restart

General Motors is ready to start building its new generation of large sport utility vehicles at a plant in Arlington, Texas, when it reopens North American assembly plants on May 18, Philip Kienle, the automaker's North American manufacturing chief, told Reuters on Thursday.

Airbus examining restructuring including job cuts -sources

Airbus is exploring restructuring plans involving the possibility of "deep" job cuts as it braces for a prolonged coronavirus crisis after furloughing thousands of workers, industry sources said, though no decision is imminent