Business

Jailed Volkswagen Exec To Plead Guilty In US Diesel Scandal

Jailed Volkswagen Exec To Plead Guilty In US Diesel Scandal

Schmidt is one of eight current and former executives charged in the US emissions probe. Schmidt was charged with 11 felony counts and federal prosecutors said earlier this year that he could face a maximum of up to 169 years in prison. Federal prosecutors say Volkswagen equipped certain 2.0-liter vehicles and others with software - called a "defeat device" - that detects when the auto is being tested for emissions, and alters the engine to run at passable levels.


General Motors surpasses estimates in Q2, vows to trim inventory

General Motors surpasses estimates in Q2, vows to trim inventory

Covering sell-side analysts have recently weighed in on shares of CSX Corporation (NYSE:CSX). Ford Motor Company , launched on July 9, 1919, is a global automotive and mobility company. Its pivot point high generated sell signal on Wednesday July 19, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity.


German automakers' shares fall on diesel emissions concerns

German automakers' shares fall on diesel emissions concerns

The auto industry committees allegedly used to fix prices operated outside of the official industry association VDA, which counts foreign suppliers and foreign-owned carmakers like Opel among its members. Daimler was the first firm among a suspected German carmakers' cartel to break ranks and report the collaboration to authorities, potentially sparing it billions in fines, German media reported Tuesday.


Lyft is partnering with Taco Bell for late night munchies pit stops

Lyft is partnering with Taco Bell for late night munchies pit stops

Lyft and Taco Bell are collaborating for one of the best partnerships we've seen to date. Riders who use the in-app option will be given a complimentary Doritos Locos Taco in what is presumably a finite offer. "We will allow drivers to opt in to that so we can make sure we understand their full experience, and the customers can get the full delight of opting into 'Taco Mode, '" Lyft's head of marketing told the Times.


Barnes & Noble Education, Inc (BNED) Saw a 52-Week High

Barnes & Noble Education, Inc (BNED) Saw a 52-Week High

Shares of the company are trading at $7.19 barely below the 50 day moving average which is $9.69 and which is marginally lower than the 200 day moving average of $9.92. Public Employees Retirement System of OH now owns 13,215 shares of the specialty retailer's stock valued at $127,000 after buying an additional 3,675 shares during the period.


BMW to manufacture electric Mini in Britain

BMW to manufacture electric Mini in Britain

The battery-powered Mini variant marks a critical expansion of the Munich-based manufacturer's electric-car lineup as it prepares for tougher European Union environmental rules being phased in starting in 2020. The plug-in hybrid MINI Countryman is built by VDL Nedcar in the Netherlands. By comparison, the majority of electric vehicles now on the market use lithium-ion batteries which need 20-30 minutes recharging time for a driving range of around 150-250 miles.