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Porsche invests in tech services to offset possible sales decline
STUTTGART, Germany Porsche (VOWG_p.DE) will invest hundreds of millions of euros in digital services to generate the revenue needed to offset an expected decline in car sales in the coming years, its finance chief said on Friday.Growing demand for ride-hailing and car-sharing will make the part-time use of vehicles, including
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Russia's VEB sees 2016 loss at $2.1 billion
MOSCOW Russian state development bank VEB will post a loss of 130 billion roubles ($2.14 billion) this year, its chairman Sergei Gorkov said on
Lennar profit beats as housing market shows steady recovery
Lennar Corp (LEN.N), the No. 2 U.S. homebuilder, reported higher-than-expected quarterly profit and revenue and said the housing market continued to make a "slow and steady recovery." An improving job market and attractive mortgage rates continue
French carmaker PSA discusses deal to buy GM's Opel
By Pamela Barbaglia and Edward Taylor | LONDON/FRANKFURT LONDON/FRANKFURT PSA Group (PEUP.PA) is holding talks with General Motors (GM.N) about buying
