Alphabet is set to report third-quarter earnings results after market close on Tuesday, with Wall Street optimistic the technology giant saw a resurgence in search advertising as travel activity ramped up.
Carmaker Stellantis and unions reached an agreement on Tuesday on a planned restructuring of the group's production in the Italian city of Turin, which will be completed by mid-January, FIM, UILM, FISMIC, UGLM and AQCFR unions said. Earlier this month Stellantis said it would move the assembly line of its Grugliasco plant, near Turin, to nearby Mirafiori in a bid to increase efficiency. Production in Grugliasco will stop on Dec. 17 and be moved to Mirafiori, where it will start on Jan. 17, unions said in a joint statement.
Fiat Chrysler Automobiles (FCA) is nearing an agreement to plead guilty to criminal conduct to resolve a multiyear emissions fraud probe surrounding Ram pickup trucks and Jeep sport-utility vehicles with diesel engines, people familiar with the matter said. FCA lawyers and U.S. Justice Department officials are brokering a plea deal that could be unveiled in coming weeks and include financial penalties totaling between $250 million and $300 million, the people said. Such a resolution would come more than four years after Volkswagen AG pleaded guilty to criminal charges https://www.reuters.com/article/us-volkswagen-emissions/volkswagen-pleads-guilty-in-u-s-court-in-diesel-emissions-scandal-idUSKBN16H1W4 to resolve its own diesel-emissions scandal involving nearly 600,000 vehicles.