South Korea's Hyundai Motor Co and affiliate Kia Motors Corp on Friday said they have agreed to resolve class action litigation with U.S. owners of certain vehicles over engine fire risks.
Oil prices jumped by 2% on Friday after Iranian news agencies said a state-owned oil tanker was struck by two missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions from a crucial producing region.
The board of French carmaker Renault on Friday voted in favor of ousting Thierry Bollore as CEO, said two sources familiar with the matter.
Burning trash dumped by a garbage truck caused a fire that by early Friday had destroyed dozens of homes in California's Riverside County, fire officials said, as wildfires across the state led to power cuts for hundreds of thousands of people.
Ford Motor Co's July-to-September vehicle sales in China fell 30%, as the U.S. automaker continued to lose ground in a prolonged sales decline in its second biggest market.
BP expects to hit its $10 billion disposal program by the end of 2019, almost one year ahead of schedule, which will however result in a $2-$3 billion charge in the third quarter.
The board of French carmaker Renault on Friday voted to oust Thierry Bollore as CEO, naming the firm's financial director Clotilde Delbos to take over his job on an interim basis.
French carmaker Renault on Friday named Clotilde Delbos at interim chief executive after ending the tenure of Thierry Bollore following a boardroom vote.
World shares on Friday basked in optimism for a detente in the U.S.-China trade war and hopes that Britain was moving closer to a smooth exit from the European Union.
Oil prices jumped more than 2% on Friday after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants.
Hyundai Motor Co and affiliate Kia Motors Corp have earmarked a total of 900 billion won ($757.86 million) to settle U.S. class action litigation and address engine-related issues in the United States and South Korea.
A Chinese state newspaper said on Friday that a "partial" trade deal would benefit China and the United States, and Washington should take the offer on the table, reflecting Beijing's aim of cooling the row before more U.S. tariffs kick in.
Uber Technologies Inc says the UK is seeking to classify the company as a transportation provider, potentially opening it up to new tax charges that could hamper its business, according to UK accounts filings in recent days.
BP will take charges of $2 to $3 billion in the third quarter, the British energy firm said on Friday, as it looks to reach divestments worth $10 billion by the end of 2019, a year ahead of schedule.
For America's working poor, an often essential ingredient for getting and keeping a job – having a car – has rarely been more costly, and millions of people are finding it impossible to keep up with payments despite prolonged economic growth and low unemployment.