Volkswagen lowered its full-year outlook for vehicle deliveries warning of slowing demand even as nine-month adjusted operating profit rose 11.2% thanks to sports utility vehicle sales and a jump in demand for Skoda and Porsche cars.
Airbus cut its full-year delivery goal for commercial jets on Wednesday, as the planemaker struggles with production delays at a newly expanded German plant.
A rally in global shares stalled on Wednesday, with Asian shares slipping from three-month highs, as the prospect of a rate cut by the Federal Reserve was countered by worries a Sino-U.S. first-stage trade deal could be delayed.
Germany's Bayer said on Wednesday that the number of U.S. plaintiffs blaming its glyphosate-based weedkillers for their cancer mushroomed to 42,700 from 18,400 in July, raising the stakes in the group's efforts to reach a settlement.
China's Foreign Ministry said on Wednesday that lead China and U.S. trade negotiators will speak again soon after a U.S. administration official said an interim trade agreement between the United States and China might not be completed in time for signing in Chile next month as expected.
Italian-American Fiat Chrysler and Frances's Peugeot owner PSA are in talks over a potential tie-up aimed at creating one of the world's leading auto makers.
French carmaker PSA confirmed on Wednesday that talks were underway with Italian peer Fiat to create a new world leader in the automotive industry.
The initial public offering for state-owned oil company Saudi Aramco will come soon, and will be a decision taken by Saudi Crown Prince Mohammed bin Salman, the kingdom's energy minister said on Wednesday.
Volkswagen lowered its full-year sales outlook on Wednesday, warning of slowing demand even as nine-month adjusted operating profit jumped 11.2% on increased demand for SUVs as well as Skoda and Porsche cars.
Qantas Airways Ltd and Southwest Airlines Co are stepping up checks for structural cracks on Boeing Co 737 NGs after discovering problems with planes that did not require urgent inspections, airline sources said.
Sony Corp on Wednesday said operating profit jumped 16% in its strongest-ever result for a second quarter, as robust sales of image sensors offset a tumble in earnings from its gaming division.
China granted approval for Nintendo Co to sell its first Switch console game in the country, a regulator announced, drawing closer the official launch of the hybrid home-portable device in the world's biggest game market.
Oil prices fell on Wednesday as a possible delay in resolving the U.S.-China trade war overshadowed a drop in U.S. crude inventories.
Fiat Chrysler and Peugeot owner PSA are in talks over a potential tie-up that could create a $50 billion giant better placed to tackle a host of costly technological and regulatory challenges facing the global auto industry.
The Italian government is following talks between Fiat Chrysler and Peugeot owner PSA over a possible tie-up, Industry Minister Stefano Patuanelli said on Wednesday.