General Motors

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GM chief executive Mary Barra told employees in an email: “Our structural costs are not aligned with the market realities.”

General Motors posted far higher-than-expected quarterly profit on Wednesday and said full-year earnings would come in at the high end of its forecast(...)

Photograph: Alan Betson 20/8/08Starbucks Dawson Street

Monday Results: Mondelez, HSBC, Pappa John’s Pizza. Indicators: UK housing prices (Oct); mortgage lending (Sep), lending to individuals (Sep), con(...)

Opel said it is “fully co-operating with the authorities”. Photograph: PA

Germany’s transport ministry issued a recall of nearly 100,000 Opel cars on Monday, just hours after the carmaker’s headquarters was raided by authori(...)

SoftBank’s Masayoshi Son. Photograph: Bloomberg

Japan is leaping into the future of cars, courtesy of SoftBank Group. On Wednesday, Honda announced a $2.75 billion investment in General Motors’ sel(...)

Building materials group CRH was another climber, adding 1.9 per cent to €28.69.

Italian stocks turned from drag to boost for European markets as signs the government would target a lower budget deficit quelled investors’ fears of (...)

BMW chief Harald Krüger at the Paris Motor Show on Tuesday. ‘If there is no solution, then there will only be losers on both sides,’ he said.  Photograph: Marlene Awaad/Bloomberg

Warnings from motor industry bosses about the consequences of a no-deal Brexit have become significantly more pointed, with BMW chief executive Harald(...)

Ryanair’s shares plunged 12.5 per cent to €11.48. Photograph: Yves Herman/File Photo/Reuters

Ryanair’s profit warning sent aviation shares into a tailspin as European stocks rose generally on news of a US-Canada-Mexico trade pact. DUBLIN Rya(...)

Tesla’s chief executive – for now – Elon Musk. Photograph: Reuters/Noah Berger

Elon Musk may still be in the driving seat at Tesla but it is likely only a matter of time before he runs out of road. With the entrepreneur being s(...)

Smurfit Kappa said it was using “all available means” to secure the release of two of its employees who were arrested last month by Venezuelan authorities.

Cardboard box-maker Smurfit Kappa has decided to deconsolidate its troubled Venezuelan operations from its balance sheet, after losing control of the (...)

Banking stocks were out of sorts, with AIB down 0.4 per cent at €4.81 and Bank of Ireland off 0.1 per cent at €7.10 as investors positioned themselves ahead of interim results from smaller rival Permanent TSB on Wednesday. Photograph: Julien Behal/PA Wire

European shares advanced on Monday, led by carmakers, as the US and Mexico reached a trade deal, which may pave the way for Canada to come on board an(...)

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