Carmakers face more than $100bn hit to revenues

EU consumers should be able to sue carmakers in their national courts if they have bought cars with emission cheat devices installed, an adviser to the Court of Justice of the European Union said on Thursday......»»

Global airlines warned on Tuesday that many carriers may not survive a record cash squeeze in the second quarter, as revenues and traffic plunge because of the coronavirus crisis......»»

Polestar While many carmakers in the US and Europe have shut down production in response to the novel coronav.....»»

Myra Ghattas was prepared to enter what is typically a busy time of year at Slate Street Cafe. Now she's wondering if it's possible her restaurant will have to close altogether after more than 14 years. Revenues plummeted between 60-70% in the last w.....»»

Major banks are at risk of losing billions of dollars of fee-based retail revenue as they face increased regulatory pressure and growing competition from new entrants offering no-fee services, Accenture Plc said on Wednesday......»»

Major banks are at risk of losing billions of dollars of fee-based retail revenue as they face increased regulatory pressure and growing competition from new entrants offering no-fee services, Accenture Plc said on Wednesday......»»

Carmakers are under pressure in Europe to sell more electric cars or face huge fines for breaching new emissions rules aimed at tackling global warming......»»

Industry Exper.....»»

European Carmakers Face Perfect Storm Authored by Irina Slav via OilPrice.com, European carmakers are facing what could turn out to be a major crisis cooked up by EU regulators, and it’s all about EVs and emissions. The.....»»

Time is running out for European carmakers, which have waited until the last minute to try to meet ambitious EU emissions targets and face billions in fines if they fail to comply......»»

Authored by Irina Slav via OilPrice.com, If one listens to statements from carmakers with ambitious EV plans, one’s left with the impression that the world is in for a true automotive revolution and that those of us .....»»

TFI International (TSX:TFI) reported a 13 percent jump in net income in the second quarter as its Canadian and U.S. truckload businesses continued to grow profits in the face of lower revenues. TFI had an adju.....»»

TFI International (TSX:TFI) reported a 13 percent jump in net income in the second quarter as its Canadian and U.S. truckload businesses continued to grow profits in the face of lower revenues. read more.....»»

Volkswagen and FiatChrysler could together face billions of dollars in penalties if they fail to meet the European Union's emissions targets set for 2021, according to a new study. David Pollard reports......»»

Volkswagen and FiatChrysler could face penalties of up to 1.83 billion euros ($2.08 billion) and 746 million euros respectively, if they fail to meet the European Union's emissions targets set for 2021, according to AlixPartners......»»

The United States on Monday demanded that all buyers of Iranian oil stop purchases effective May 1 or face sanctions, a move to choke off Tehran's oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch......»»

BMW, and Volkswagen face possible hefty fines after EU antitrust regulators on Friday charged the German carmakers and whistleblower Daimler with colluding to block the rollout of clean emissions technology......»»

Companies will need to stop producing BS-IV vehicles at least by January-February of 2020 to avoid the stockpiling of unsold inventory.....»»

It is one of the tantalising ironies of the trade war between the US and China: German carmakers BMW and Daimler could end up as the biggest losers. .....»»

Novartis (NVS) misses estimates in Q4 as generic unit continues to face challenging business condi.....»»