Volkswagen AG is considering adding a second factory to its U.S. manufacturing footprint and could tap Ford Motor Co. plants to build cars, Herbert Diess, CEO of VW, said after a meeting at the White House.
Author: Bloomberg News
US, China Agree to Delay Consideration of New Tariffs
President Donald Trump and Chinese President Xi Jinping agreed to keep their trade war from escalating with a promise to halt the imposition of new tariffs for 90 days as the world’s two largest economies negotiate a lasting agreement.
Nancy Pelosi Wins Democrats’ Nomination for Speaker as Opponents Fade
Nancy Pelosi cleared the first hurdle to serve as House speaker by winning Democrats’ nomination Nov. 28, leaving her detractors one last opportunity to attempt to block her when the entire chamber votes in January.
Renault-Nissan Seek to Fill Power Void With Ghosn Dismissed
Renault SA and Nissan Motor Co.’s auto alliance is threatened with disarray over a rift between the partners about how to fill a leadership vacuum as its chairman, Carlos Ghosn, remains in custody in Japan.
Fiat Said to Weigh Robotics Unit Sale for Up to $2.3 Billion
Fiat Chrysler Automobiles NV is considering options for its robotics arm, Comau, including a potential sale at a value of 1.5 billion euros to 2 billion euros ($1.7 billion to $2.3 billion), sources familiar with the matter said. The shares rose the m…
UPS to Wind Down Freight Pickups With Strike Looming
UPS Inc. will stop accepting overnight freight pickups after Nov. 7 because of a potential strike in less than two weeks by about 11,000 union workers.
China Growth Engine for World’s Carmakers Now a Liability
The chief engine of growth for the world’s carmakers is turning into their biggest headache. From Oct. 23 to Oct. 25, auto giants from Volkswagen AG and Ford Motor Co. to Renault SA and PSA Group have pinned flagging profits and weakening sales outlooks on a slowdown in the world’s largest auto market.
PepsiCo’s Beverage Business Bounces Back as New CEO Takes Over
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Shell, Partners Announce $31 Billion LNG Canada Investment
Royal Dutch Shell and its partners announced an agreement to invest in a multibillion-dollar liquefied natural gas project in western Canada — the largest of its kind in years that will carve out the fastest route to Asia for North American gas.
Trump Clinches Rebranded NAFTA as Canada Joins Pact With Mexico
U.S. President Donald Trump is set to sign a successor to the North American Free Trade Agreement that will revise a deal he once called a “disaster,” easing uncertainty for companies reliant on tariff-free commerce.