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VW brand slumps on emissions crisis

  Bloomberg Volkswagen AG’s namesake car brand slumped to a loss in the fourth quarter as the emissions-cheating scandal tarnished its reputation and added costs to appease customers and dealers. The VW brand posted a loss of €127 million euros in the final three months of 2015, compared with a profit of €780 million a year earlier, according to data ...

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Brexit economists hit back with thriving UK report

  Bloomberg Brexit campaigners sought to seize back the initiative in the referendum battle as eight high-profile economists declared Britain would do better outside the European Union. Analysis published by the Treasury on the consequences of leaving the EU is a “misleading piece of propaganda,” according to the group, which includes Patrick Minford, a professor at Cardiff University, Gerard Lyons, ...

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Tata says no deadline for UK steel ops sale as losses continue

  Bloomberg Tata Steel Ltd. said that while it has no fixed deadline to sell its ailing U.K. steel operations, it must act quickly to stem losses. “Urgency is important,” Bimlendra Jha, chief executive officer of the company’s U.K. business, told a committee of U.K. lawmakers on Thursday. “We cannot continue to bleed.” Tata Steel said last month that it ...

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