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France’s Renault has formally signed a joint-venture agreement with China’s Geely to set up a new combustion engine and hybrid powertrain company, while Saudi Aramco is still mulling an investment.
A German court will call former Volkswagen executives as witnesses in a €9bn investor lawsuit over the diesel emissions scandal to find out what the top brass knew about the defeat device used in diesel cars to sidestep emissions tests.
Ukrainian president Volodymyr Zelensky marked the 500th day of Russia’s invasion on Saturday with a visit to Snake Island in the Black Sea, a symbol of the nation’s resistance, and a memorial service in Istanbul with senior Turkish clergy.
The Nordic country has blazed a trail that may eventually be followed by the rest of the world.
Prices increases of as much as 8% could hurt sales, Morgan Stanley says