Russian carmaker files third lawsuit against Volkswagen
Business

Russian carmaker files third lawsuit against Volkswagen

May 6 (Reuters) – Russian carmaker GAZ (GAZA.MM) has filed a lawsuit worth 15.6 billion roubles ($200.5 million) against Volkswagen (VOWG_p.DE), court records show, adding to two others filed earlier this year.The lawsuit, details of which have not been published, was filed with the Nizhny Novgorod Regional Arbitration Court on Friday.GAZ did not immediately respond… […]

UBS chief draws up Credit Suisse leadership shortlist, FT says
Business

UBS chief draws up Credit Suisse leadership shortlist, FT says

May 6 (Reuters) – UBS Group AG’s (UBSG.S) Chief Executive Sergio Ermotti has shortlisted the Credit Suisse Group AG’s (CSGN.S) executives most likely to become part of the management team, the Financial times reported on Saturday, citing people familiar with the plans.Dixit Joshi, chief financial officer, Francesca McDonagh, chief operating officer, and André Helfenstein, head… […]

VW to fire top executives at software unit Cariad, source says
Business

VW to fire top executives at software unit Cariad, source says

FRANKFURT, May 6 (Reuters) – Carmaker Volkswagen (VOWG_p.DE) is set to dismiss all but one of the executive board members at its software division Cariad next week to try to resolve development problems, a person familiar with the matter told Reuters on Saturday.The unit – set up under former VW group CEO Herbert Diess -has… […]

Biden Rules Out Giving Ukraine Rockets ‘That Can Strike Into Russia’
Business

Biden Rules Out Giving Ukraine Rockets ‘That Can Strike Into Russia’

Topline The United States will not send the Ukrainian military rocket systems that can reach targets inside Russia, President Joe Biden said Monday, as Ukraine asks U.S. officials for long-range rockets to aid in its fight against Russian forces in the country’s east. A U.S.-made HIMARS on static display during live fire exercises on April… […]