By Aditi Shah and Norihiko ShirouzuNEW DELHI/AUSTIN (Reuters) - Soaring demand for Toyota (NYSE:TM)’s gasoline-electric hybrids has left suppliers struggling to keep pace, leading to shortages of parts and months-long waits for car buyers, according to four people familiar with the situation.Stocks of hybrids are low at Toyota dealers across major markets, including the U.S., Japan, China and ...
BERLIN (Reuters) - Germany’s plant and equipment makers face a 2% decline in production in real terms this year as geopolitical disputes, U.S. trade tariffs and general uncertainty cloud prospects for a strong recovery, the VDMA association said on Monday.Reiterating its earlier forecast, the engineering group also urged Germany’s next government to undertake deep reforms, including tax cuts a ...
Investing.com -- Sweden-based accounting software company Fortnox announced on Monday that it had received a joint cash offer from its largest owner, First Kraft, and private equity group EQT (ST:EQTAB). The offer values the firm at approximately 55 billion crowns ($5.51 billion).Fortnox’s board of directors has unanimously recommended that shareholders accept the offer, as stated in a company r ...
(This March 27 story has been refiled to remove an incorrect picture, with no changes to text)LONDON (Reuters) - Philip Morris International (NYSE:PM) began selling its IQOS heated tobacco device in Austin, Texas on Thursday for $60 a piece, an executive told Reuters, kicking off efforts by the world’s largest cigarette maker to build a market for its flagship heated tobacco device in the United ...