GE facing millions in penalities over French job pledge

US conglomerate General Electric will have to pay millions of euros in penalties in France if it fails to uphold its pledge to create 1,000 new jobs by year end, a government official said Sunday.

Refund ordered for Austrian car buyer over Dieselgate

A Vienna court has ordered a car dealer to reimburse a customer who bought a Volkswagen car because it was fitted with software designed to cheat emissions tests, the buyer's lawyers said Thursday.

AkzoNobel to sell chemicals arm for 10.1 bn euros

Leading global paintmaker AkzoNobel announced Tuesday it was selling its chemicals arm to US-based investors Carlyle Group and Singapore's GIC for 10.1 billion euros ($12.6 billion), seeking to restore investor confidence ...

Porsche workers snap up bonuses of nearly 10,000 euros

German luxury carmaker Porsche on Wednesday said it would pay workers a special bonus of up to 9,656 euros ($11,800) each to celebrate a record year, even as the industry grapples with a series of scandals.

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