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Tech giants facing demands to downsize in new antitrust bills

Bloomberg Amazon.com Inc, Apple Inc and other US technology giants would have to sell or exit key businesses under sweeping antitrust legislation proposed by House lawmakers. The proposal is among a series of bills by House Democrats and Republicans that would place significant new constraints on how tech platforms run their businesses and give antitrust enforcers more legal authority to ...

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Lamborghini almost sold out of production for 2021

Bloomberg Lamborghini said it’s almost sold out for the year as an easing pandemic unleashes a free-spending attitude among consumers confined to their homes for months. The Italian supercar brand is set for “strong growth” in 2021 and has sold about 10 months of its production capacity, Chief Executive Officer Stephan Winkelmann said in an interview at the Milano Monza ...

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VW charged with deceit over diesel emissions

Bloomberg French investigators said Volkswagen AG has been charged in a fresh crackdown on alleged deception over diesel emissions that’s also embroiled rival Renault SA. VW was charged on May 6 and must now make a 10 million-euro bail payment and provide a 60 million-euro bank guarantee, an official at the Paris prosecutor’s office said in a statement. The announcement ...

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