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Diesel scandal: first Volkswagen, now Daimler?

After Volkswagen, it is now Daimler that is facing investigations over cheating on diesel emissions. Germany’s Transport Ministry questioned Daimler CEO Dieter Zetsche after the…

GE to merge transportation unit with Wabtec

General Electric (GE) has agreed to merge its transportation unit with rail equipment manufacturer Wabtec Corp. (WAB) in a deal worth $11.1 billion. GE will…