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The Mexican unit of Nissan Motor Co Ltd unit said on Monday that it is preparing to gradually reopen under strict safety measures, beginning with activities that are directly related to vehicle and autoparts manufacturing.

French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday.

Stocks gained modestly on Monday after a survey showed German business morale rebounded in May, while investors kept a close eye on escalating U.S.-China tensions in a thin trading session.

Negotiations on a government bailout for coronavirus-stricken airline Lufthansa are in their last phase but have not been concluded yet, a spokeswoman of the German economy ministry said on Monday.

Chancellor Angela Merkel told senior members of her party that the German government would not allow the European Commission to deprive Lufthansa of valuable take-off and landing slots at Frankfurt and Munich airports, Handelsblatt reported.

Volkswagen must pay compensation to owners of vehicles with rigged diesel engines in Germany, a court ruled on Monday, dealing a fresh blow to the automaker almost five years after its emissions scandal erupted.

Nissan Motor would find it cheaper to invest in its Barcelona factory than to close it, a senior Spanish industry ministry official said on Monday, pegging the estimated cost of a shutdown at more than 1 billion euros ($1.1 billion).

A German federal court judge ruled that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel engines, a major blow for the carmaker in its home market as it continues to reel from the emissions scandal.

The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an agreement on state aid worth billions of euros, a source close to the matter said.

Nissan Motor has not confirmed whether it plans to close its plant in Barcelona, a senior Spanish industry ministry official said on Monday.

The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached an agreement on state aid worth billions of euros, German news agency dpa reported on Monday.

Stocks edged higher on Monday after a survey showed German business morale rebounded in May, boosting optimism around economic re-openings, although caution prompted the dollar to snap a rare losing streak.

A German federal court judge ruled on Monday that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel engines, a major blow for the carmaker in its home market as it continues to reel from the emissions scandal.

Japan will lift a state of emergency for Tokyo and remaining areas still facing restrictions on Monday, while the Nikkei reported a plan for new stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic.

Hong Kong shares extended losses and a gauge of Asian stocks was largely subdued on Monday, after China's move to impose a new security law on Hong Kong heightened concerns about the future stability of the city and global trade prospects.

Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.

A gauge of Asian stocks pared early gains on Monday amid souring relations between China and the United States, with Hong Kong shares extending losses on mounting fears about future stability in the city.

Japan is looking to lift a state of emergency for Tokyo and remaining areas still facing restrictions while also considering fresh stimulus worth almost $1 trillion to help companies ride out the coronavirus pandemic, Nikkei reported on Monday.

Great Wall Motor expects China's overall auto sales in the second half this year to return to the same level as last year, its president said, as the world's biggest auto market recovers from a coronavirus-driven low.

Asian shares started cautiously on Monday as central bank largesse globally boosted sentiment but rising trade tensions between the world's two biggest economies dulled risk appetite.