Automotive

China auto sales off 22.4% in first half of 2020

China's auto sales rose 1.8% in June over a year earlier but fell by double digits for the first half of 2020 after the country shut down to fight the coronavirus, an industry group reported Friday.

Business

Deutsche Bank teams up with Google in cloud services

Deutsche Bank said Tuesday it is planning a partnership with Google where the US technology giant will provide cloud computing capabilities to Germany's largest lender, a market in which Europe is struggling to establish ...

Automotive

Fiat Chrysler swings to loss as virus hits production, sales

Fiat Chrysler Automobiles on Tuesday reported a first-quarter net loss of 1.7 billion euros ($1.84 billion) due to a steep decline in car sales triggered by the coronavirus pandemic, and said the impact on the second-quarter ...

S&P warns 1 in 10 US firms may default on debt

A wave of company defaults is likely to sweep the United States and Europe as measures to contain the coronavirus spark a recession, S&P Global Ratings said Friday.