Philips takes fresh hit from safety recall

Dutch electronics firm Philips said on Monday that sales had taken a fresh hit from a recall of faulty sleep and respiratory care equipment and from supply chain issues.

Automotive

Renault tries to lure investment for new electric car unit

French automaker Renault on Wednesday held an investors day for its new electric vehicle subsidiary Ampere, hoping to win over investment with slashed costs and an electric car costing less than 20,000 euros ($21,600).

Business

French court fines Deliveroo for 'undeclared labour'

A Paris court on Tuesday fined the British meal delivery group Deliveroo after ruling it was guilty of "undeclared labour" for using freelance riders who should have been classified as employees, depriving the state of millions ...

Business

Coronavirus pushes Airbus into Q1 loss

European aviation giant Airbus plunged into the red in the first quarter as the coronavirus pandemic sparked "the gravest crisis the aerospace industry has ever known", it said Wednesday.

Automotive

Ferrari vows to roar back in 2021

Italian luxury car maker Ferrari said on Tuesday it expected sales and margins to bounce back in 2021, following a year marked by a production hiatus due to coronavirus.

Automotive

Fiat Chrysler returns to profit

Italian-American auto giant Fiat Chrysler said Wednesday it returned to profit in the third quarter, doing better than expected as the market recovered from a massive downturn sparked by the coronavirus pandemic.

Automotive

Stellantis CFO: Chip shortage impact remains 'controlled'

The Stellantis automotive company created out of the merger of Fiat Chrysler Automobiles and PSA Peugeot reported Wednesday a 14% increase in first-quarter revenues, despite a drop in production due to the semiconductor shortage.

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