AP Business Writer
More from David McHugh
Industrial Media Unboxing Video
IEN Unboxed is a new show in which our editors unbox new tools on the market and discuss their features.
Jun 13th, 2022
Companies' Russia Ties Could Make Sanctions Tough
Volkswagen, Mercedes-Benz, Pirelli and Siemens all have strong ties to the country.
Feb 17th, 2022
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.
Oct 11th, 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.
Aug 6th, 2021
Car Makers Fined $1B Over Emission Collusion
Regulators said the companies resisted competition and denied consumers the chance to buy less-polluting cars.
Jul 12th, 2021
130 Countries Back Global Corporate Tax Deal
It would be at least 2023 before the agreement takes effect.
Jul 5th, 2021
How to Curb Tax Avoidance by Multinational Companies
A new approach to international taxation might be reached this year.
Jun 14th, 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.
Jun 7th, 2021
China, Global Recovery Boost Profit at Daimler
The automaker raised its outlook for an important measure of profitability this year.
Apr 23rd, 2021
Volkswagen Plans Six Battery Factories to Ramp Up Electrics
The automaker also plans a five-fold expansion of fast-charging stations by 2025.
Mar 16th, 2021
Daimler to Split into Two Companies
The automaker will spin off its truck and bus division and rename itself Mercedes-Benz.
Feb 4th, 2021
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.
Jan 27th, 2021