Bloomberg Fiat Chrysler Automobiles NV is nearing a settlement with the US Justice Department that would end a two-year criminal investigation into whether it knowingly sold diesel vehicles that violated clean-air rules, according to two people familiar with the matter. The resolution would include a financial penalty in line with Fiat Chrysler’s guidance to investors, one of the people said. ...

Bloomberg Growth in Mercedes-Benz car deliveries tumbled to the lowest in a decade last year in a swift reversal from double-digit gains after sales in Europe and North America declined. Daimler AG’s luxury brand delivered 2.31 million cars worldwide in 2018, a rise of just 0.9 percent almost entirely driven by China. The small uptick probably was still enough to ...

Bloomberg Union Pacific Corp surged the most since 2009 after hiring a protege of railroading legend Hunter Harrison to guide the company’s shift to a new efficiency strategy. Jim Vena, 60, will become chief operating officer on January 14 and oversee the implementation of precision sche- duled railroading, a system pioneered by Harrison and adopted by Union Pacific late last ...