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Mitsubishi probed in Germany over alleged emission fraud

Bloomberg Mitsubishi Motors Corp and Denso Corp had their German operations probed by investigators over allegations that they may be involved in equipping diesel engines with devices to cheat on emissions tests. Police and prosecutors began investigating 10 sites across Germany, Nadja Niesen, a spokeswoman for Frankfurt prosecutors, wrote in an emailed statement. A spokeswoman for Denso, an auto parts ...

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Trump sees big trade deal with EU, repeats auto tariff threat

Bloomberg President Donald Trump is gearing up another attempt at trade talks with the European Union (EU) and is hopeful the two can reach a “big trade deal,” with the head of the European Commission calling on the sides to draw on their similarities as the process unfolds. “A deal between ourselves and essentially Europe is something we all want ...

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Tesla beats VW with $100b market value

Bloomberg Tesla Inc’s market value has climbed above Volkswagen AG’s for the first time to more than $100 billion, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months. The electric-car maker’s shares jumped as much as 4.6% shortly after the open of regular trading on Wednesday. At the early intraday ...

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