Business

Airbus cancels 2019 dividend, 2020 forecasts due to coronavirus

European aviation giant Airbus said Monday it would cancel the planned dividend payment for 2019 and also abandon its earnings forecasts for the current year because of the economic uncertainty sparked by the coronavirus ...

Automotive

Renault reports first net losses in decade for 2019

French carmaker Renault said Friday it went into the red last year for the first time in a decade on lower sales and a falling contribution from its Japanese partner Nissan.

Business

Fines cause turbulence for Airbus results

Airbus on Thursday reported a net loss of 1.36 billion euros for 2019, weighed down by massive fines to settle bribery scandals and extra costs for the A400M military transport aircraft.

Automotive

Daimler profits plunge in 2019 on 'dieselgate' costs

Daimler chief executive Ola Kallenius suffered a grim first year in 2019 as profits tumbled at Mercedes-Benz's parent company due to billions in costs from the "dieselgate" scandal, and thousands of job cuts now lie ahead.

Automotive

Fiat Chrysler profit skids as sales slow

US-Italian automaker Fiat Chrysler said Thursday its net earnings fell by nearly a fifth last year as sales slowed, although both rose in the final quarter.

Business

Nokia reports higher profit, boosts 5G investments

Finnish telecom equipment maker Nokia Corp. has reported a rise in fourth-quarter earnings mainly due to cost savings and pledged to boost investments in next-generation 5G networks, of which it is one of the world's main ...

Automotive

Costly 'dieselgate' chokes Daimler results in 2019

German auto giant Daimler warned Wednesday that its 2019 earnings could fall short of expectations due to massive new charges over diesel emissions cheating, further clouding the outlook for the vital car sector as a whole.

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