Daimler issues profit warning over costly diesel issues

FRANKFURT, Germany (AP) — Automaker Daimler said Sunday that profits for the second quarter will be hit by troubles with diesel vehicles from its Mercedes-Benz brand and downgraded its earnings forecast for the full year. The company said in a news release that it would be hit by “a high three-digit million” euro increase in charges related to ongoing government […]

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Tesla shareholder meeting is a ‘fork in the road’ for the car maker

Tesla Inc.’s annual shareholder meeting next week presents a “fork in the road” for the Silicon Valley electric-car maker, beset by concerns about demand for its vehicles and the health of its balance sheet. Tesla’s meeting is scheduled for Tuesday at 2:30 p.m. Pacific. It will be webcast. After hitting multi-year lows in recent sessions, Tesla TSLA, -0.58% shares recouped some […]

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China's tough rhetoric leaves trade talks with U.S. in limbo

WASHINGTON/BEIJING (Reuters) – China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world’s two largest economies would be meaningless unless Washington changed course. The tough talk capped a week that saw Beijing unveil fresh retaliatory tariffs, U.S. officials accuse China of backtracking on promises made during […]

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