David McHugh

AP Business Writer

Industrial Media Unboxing Video

Industrial Media Unboxing Video

IEN Unboxed is a new show in which our editors unbox new tools on the market and discuss their features.

Volkswagen factory, Zwickau, Germany, April 23, 2020.

Companies' Russia Ties Could Make Sanctions Tough

Volkswagen, Mercedes-Benz, Pirelli and Siemens all have strong ties to the country.

OECD headquarters in Paris, June 7, 2017.

Global Tax Deal to Stem Corporate Use of Tax Havens

More than 130 countries have forged a deal on how big global companies are taxed.

Siemens CEO Roland Busch prior to the virtual annual shareholders meeting in Munich, Feb. 3, 2021.

Siemens Raises Outlook as Global Economy Rebounds

The engineering company cautioned that it could be affected by the shortage of semiconductors for electronic components.

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Car Makers Fined $1B Over Emission Collusion

Regulators said the companies resisted competition and denied consumers the chance to buy less-polluting cars.

OECD headquarters, Paris, June 7, 2017.

130 Countries Back Global Corporate Tax Deal

It would be at least 2023 before the agreement takes effect.

OECD headquarters in Paris, June 7, 2017.

How to Curb Tax Avoidance by Multinational Companies

A new approach to international taxation might be reached this year.

Finance ministers from the G-7 nations meet at Lancaster House in London, June 5, 2021.

G-7 Backs Steps to Deter Multinational Firms' Tax Dodging

A global minimum tax aims to deter companies from stashing profits in low-tax countries.

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China, Global Recovery Boost Profit at Daimler

The automaker raised its outlook for an important measure of profitability this year.

Workers complete a Volkswagen ID.3 body on the assembly line in Zwickau, Germany, Feb. 25, 2020.

Volkswagen Plans Six Battery Factories to Ramp Up Electrics

The automaker also plans a five-fold expansion of fast-charging stations by 2025.

An employee attaches a Mercedes emblem to a Mercedes-Benz S-class car, Sindelfingen, Germany, April 30, 2020.

Daimler to Split into Two Companies

The automaker will spin off its truck and bus division and rename itself Mercedes-Benz.

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Debate Heats Up Over How to Tax Big Tech

There's a mid-year deadline for talks on a global deal that aims to defuse trade disputes.