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Industrials News

VW to pay over $10 billion for U.S. emissions scandal: Report
Volkswagen AG will pay nearly US$10.3 billion to settle claims by U.S. regulators stemming from its diesel emissions cheating scandal, a source briefed on the agreement said on Thursday.
Posted on 6-23-2016 at 4:13 PM
Bombardier and Quebec finalize US$1-billion CSeries investment
Bombardier Inc. and the Quebec government have reached a definitive agreement for the province to invest US$1 billion towards the CSeries passenger jet program.
Posted on 6-23-2016 at 7:25 AM
Town of Lac-Mégantic won't pursue legal action against CP Rail after train tragedy
The Quebec town of Lac-Mégantic says it won't pursue legal action against Canadian Pacific Railway for the train tragedy that killed 47 people three years ago.
Posted on 6-22-2016 at 11:12 AM
Boeing confirms signing agreement to sell jetliners to Iran Air
Boeing Co has signed an agreement to sell jetliners to Iran Air, the company said on Tuesday, confirming Iranian statements about the deal and briefly sending its shares up sharply in early trading.
Posted on 6-21-2016 at 11:24 AM
Fiat Chrysler to investigate crash that killed 'Star Trek' actor
Fiat Chrysler Automobiles NV said on Monday it would investigate a crash that killed "Star Trek" actor Anton Yelchin in his recalled 2015 Jeep Grand Cherokee.
Posted on 6-21-2016 at 11:08 AM
CP Rail cuts revenue outlook, blaming loonie, Alberta fire and waning shipments
Canadian Pacific Railway Ltd said on Tuesday it expected second-quarter revenue to fall about 12 per cent from a year earlier, hurt by weak commodity volumes, the Fort McMurray wildfire in northern Alberta and a stronger Canadian dollar.
Posted on 6-21-2016 at 8:35 AM
Bombardier to shift some work on Q400 out of Toronto, cut 200 jobs
Bombardier Aerospace and its union have agreed on a plan for cutting 200 positions at the company's Q400 manufacturing operation in Toronto so some work can be outsourced to other countries.
Posted on 6-20-2016 at 2:00 PM
Ottawa to spend $470M in B.C. to help upgrade transit infrastructure
Prime Minister Justin Trudeau said Ottawa will spend $470 million in British Columbia to help pay for upgrades to existing transit infrastructure including renovations to aging transit stations and building new bus lanes.
Posted on 6-16-2016 at 2:48 PM

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