emissions tests

FRANKFURT, Germany | Eurozone central banker suggests rates could stay low longer

FRANKFURT, Germany — The head of the European Central Bank indicated a first interest rate increase could be postponed if unexpected trouble strikes the 19 countries that use the euro as their currency. Mario Draghi warned in a speech Friday the current economic expansion remains “resilient” as unemployment continues to fall and consumers remain willing … Continue reading FRANKFURT, Germany | Eurozone central banker suggests rates could stay low longer

FRANKFURT, Germany | Draghi: eurozone economy ‘resilient’ despite trade slowdown

FRANKFURT, Germany — European Central Bank head Mario Draghi warns that slowing world trade is proving to be a drag on the eurozone economy but says the current expansion remains “resilient” as consumers at home remain willing to spend and unemployment falls thanks to pro-business reforms. Draghi said in a speech Friday in Frankfurt that … Continue reading FRANKFURT, Germany | Draghi: eurozone economy ‘resilient’ despite trade slowdown

Volkswagen offers more incentives to unload old diesels

FRANKFURT, Germany  — German automaker Volkswagen says it is offering more incentives to trade in older diesel models in an effort to improve air quality. The company said Thursday it would offer trade-in incentives for people who want to replace old diesels that met formerly looser emissions standards, and additional premiums for people who want … Continue reading Volkswagen offers more incentives to unload old diesels

FRANKFURT, Germany | BMW expects hit from trade dispute and emissions tests

FRANKFURT, Germany — German luxury automaker BMW said Tuesday that its profits and sales will fall short of its forecasts this year, saying that fear of international trade conflicts has weighed on pricing and citing the impact of new emissions tests on European markets. The profit warning — the second from a major German automaker … Continue reading FRANKFURT, Germany | BMW expects hit from trade dispute and emissions tests