TOKYO (AP) -- Volkswagen overtook Toyota in global vehicle sales for January-June, the first time the German automaker has come out at the top in the intensely competitive tallies.
General Motors Co. GM -0.03 % will work with a Chinese auto maker on a $5 billion initiative to overhaul how it creates cars for developing markets, a move that represents the U.S.
MARKETS AT A GLANCE. (Data as of approximately 5 p.m. ET). LAST, CHANGE, % CHG. DJIA, 17440.6, -127.94, -0.73%. Nasdaq, 5039.78, -48.85, -0.96%.
LONDON— BP BP -1.42 % PLC on Tuesday swung to a loss in the second quarter, as earnings were hit by lower oil prices and a multibillion-dollar charge relating to the deal it reached earlier this month to settle U.S.
Procter & Gamble Co. Chief Executive Officer A.G. Lafley may announce his retirement this week after a board meeting Tuesday, a person familiar with the matter said, setting the stage for heir apparent David Taylor to take the reins.