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General Motors lifts 2023 forecast after strong Q1 results
General Motors lifts 2023 forecast after strong Q1 results
by  AFP

General Motors raised key 2023 profit projections Tuesday following a solid first quarter in which strong results in North America compensated for declines in other regions. Deliveries rose in North America, which accounted for more than half of overall car sales.

Ex-Audi exec pleads guilty over 'dieselgate'
Ex-Audi exec pleads guilty over 'dieselgate'
by  AFP

A former top executive at German carmaker Audi on Tuesday pleaded guilty over the "dieselgate" emissions-cheating scandal that rocked parent company Volkswagen, after a lengthy trial. It is not yet clear whether former Audi CEO Rupert Stadler -- the main defendant in the case, and the first auto boss in Germany to stand trial over the scandal -- will also enter a guilty plea.

Santander profits up despite windfall tax on banks
Santander profits up despite windfall tax on banks
by  AFP

Spanish banking giant Santander saw its first quarter net profits rise thanks to strong business activity that offset a windfall tax imposed by Spain's leftwing government, results showed Tuesday. The robust start offset the impact of a temporary windfall tax on big banks imposed by Spain's government in January to fund measures to help households cope with higher prices.

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