Steinhoff Ex-CEO Set to Cash in After Making Deal With Banks

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Steinhoff Ex-CEO Set to Cash in After Making Deal With Banks

After Steinhoff shares crashed when the company reported a hole in its accounts in December, Mayfair defaulted on the loans and wasn't able to immediately repay … Jooste and Potgieter were hit with legal claims by Investec and Absa days after Steinhoff reported the accounting wrongdoing on Dec. 5.
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Audi aims to double China production with partner FAW in five years: CEO

BEIJING (Reuters) – German luxury carmaker Audi AG (NSUG.DE) aims to double China production with local partner China FAW Group Corp Ltd [SASACJ.
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Mao's Red Flag Maker Shows Green Car: Beijing Auto Show Update

“This whole show is revolving around what they call new energy vehicles, but Chinese policy is very much driving the move towards electric cars and certainly Aston has to go with that flow,” Palmer said in a Bloomberg TV interview. “We're probably in the biggest change in the automotive industry since
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Audi recalling 1.16 million vehicles worldwide over coolant pump issue

WASHINGTON (Reuters) – Volkswagen AG's (VOWG_p.DE) luxury unit Audi said on Tuesday that it was recalling 1.16 million vehicles worldwide because of concerns that an electric coolant pump could overheat or short-circuit from moisture within the pump …
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Passenger dies on airplane that landed at KCI

A female passenger died Tuesday on an Alaska Airlines airplane at Kansas City International Airport. According to the Kansas City Police Department, firefighters responded to KCI after being notified of a medical emergency on Alaska Airlines Flight 478 …
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