BMW beats Mercedes in US sales for first time since 2015

New York: BMW AG outsold Daimler AG’s Mercedes-Benz in the US for the first time in four years after blowing out its rival in the final month of 2019. BMW sold 35,746 cars and sport utility vehicles in December and finished the year ahead by more than 8,700 units. The Munich-based manufacturer staged a revival […]

Suzlon to offer India banks 68% haircut on debt recast deal

Mumbai: Suzlon Energy Ltd will offer to restructure debt at a steeper discount than Indian banks have been willing to consider so far, said people familiar with the matter, pushing the wind turbine maker closer toward bankruptcy. The Pune-based company proposes to swap its Rs113 billion (Dh5.81 billion, $1.6 billion) of outstanding debt into Rs36 […]

Ghosn’s escape jet from Japan used illegally, operator says

Ankara: The private jets that transported Carlos Ghosn from Japan to Lebanon were deployed illegally using falsified records that didn’t mention the former Nissan Motor Co. executive as a passenger, the aircraft’s operator said. MNG Jet Havacilik AS said in a statement that it filed a criminal complaint on Jan. 1 about what it said […]