LONDON, Jan 21- Years after sweeping reform aimed at eliminating logjams in warehouses that collect rent for storing metal, a firm is preventing companies from getting material when they need it from a Malaysian port, five sources close to the matter said. The firm, ISTIM UK, is controlled by the Whelan family, founders of major warehousing company Metro.
LONDON, Jan 21- Years after sweeping reform aimed at eliminating logjams in warehouses that collect rent for storing metal, a firm is preventing companies from getting material when they need it from a Malaysian port, five sources close to the matter said. The firm, ISTIM UK, is controlled by the Whelan family, founders of major warehousing company Metro.
SAO PAULO, Jan 19- General Motors Co has warned employees in Brazil that new investments there depend on a painful plan to return to profit in the country, according to a memo seen by Reuters on Saturday. In a message posted at Brazilian plants, GM's top executive in Brazil and Argentina, Carlos Zarlenga, said after running up a heavy loss over the past three years the...
Chief Executive Officer Elon Musk said the need for lower-priced versions of Model 3 will become even greater from July, when the U.S. tax credit again drops in half, adding $1,875 to the car's price tag, and again at the end of the year when it goes away entirely. Legacy luxury brands such as Volkswagen's Audi and Porsche, Daimler's Mercedes-Benz and BMW all plan new...
TREASURY YIELDS PARE RISE AFTER WEAKER-THAN-FORECAST U. MICHIGAN U.S.
In total, 13 people have been charged in the United States, including the four Audi managers. Managers Richard Bauder, Axel Eiser, Stefan Knirsch and Carsten Nagel all worked in Audi's engine development division in Germany. All are believed to be in Germany.
In total, 13 people have been charged in the United States, including the four Audi managers. Managers Richard Bauder, Axel Eiser, Stefan Knirsch and Carsten Nagel all worked in Audi's engine development division in Germany. All are believed to be in Germany.
WASHINGTON, Jan 17- A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG's luxury Audi unit as part of the U.S. government's investigation into the German automaker's diesel emissions cheating scandal, according to court documents. VW admitted in September 2015 to secretly installing software in nearly 500,000 U.S. cars to...
WYOMING, Mich., Jan 17- Bob Roth makes no bones about his feelings towards U.S. manufacturing. The co-owner and chief executive of RoMan Manufacturing Inc, which makes transformers and glass-molding equipment for automakers and other industries, asks callers on his voicemail: "What have you done today to support U.S. manufacturing?" His procurement team has been...
DETROIT, Jan 16- Executives at the major U.S. automakers are pressing the Trump administration and California to agree on standards for fuel efficiency and carbon emissions through 2025, as risks increase that a deadline for setting national standards will pass without a deal. In August, the Trump administration proposed freezing fuel efficiency...
*Firms urge UK government to avoid no-deal Brexit. LONDON, Jan 16- Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity. A Brexit agreement that would have secured tariff-free trade and safeguarded...
DETROIT, Jan 16- Ford Motor Co forecast a weaker-than-expected fourth quarter profit and provided a cloudier 2019 outlook due to tariff costs and uncertainty over Britain's exit from the European Union, sending shares down more than 3.5 percent on Wednesday. It said, however, that tariffs could erode 2019 earnings by about $700 million. Ford is the top selling...
LONDON, Jan 16- Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity. A Brexit agreement that would have secured tariff-free trade and safeguarded just-in-time cross-border supply chains was...
But in Washington, the move remains a public relations crisis that threatens to derail a methodical effort by Chief Executive Mary Barra to keep GM in good graces with the White House and other politicians. Representative Debbie Dingell, a Democrat from southeast Michigan and former GM employee, said at the time that GM had become "the most thoroughly disliked...
DETROIT, Jan 14- Global automobile and auto parts makers which want to capitalize on electric and autonomous vehicles need to cut back investments and forge more partnerships instead, the chief executive of global parts supplier Magna International said Tuesday. Over the next decade, vehicle and parts suppliers plan to spend $300 billion to bring electric...
DETROIT, Jan 15- Fiat Chrysler Automobiles NV Chief Executive Mike Manley told Reuters on Tuesday he is open to partnerships to develop a new midsize pickup truck the automaker could sell in Latin America and other markets outside the United States to compete with models such as Ford Motor Co's Thailand- built Ranger. "A gaping hole in our portfolio is a metric ton...
DETROIT, Jan 15- Volkswagen AG and Ford Motor Co said on Tuesday they will join forces on commercial vans and pickups and are exploring joint development of electric and self-driving technology, actions meant to save the automakers billions of dollars. Ford and VW announced their partnership against the backdrop of the Detroit auto show.
DETROIT, Jan 15- Volkswagen AG and Ford Motor Co said on Tuesday they will join forces on commercial vans and pickups and also that they were exploring shared development of electric and self-driving technology, actions meant to save the automakers billions of dollars. Ford and VW announced their partnership against the backdrop of the Detroit auto show.
Ford and VW will announce their partnership against the backdrop of the Detroit auto show, VW Chief Executive Herbert Diess told reporters on Monday. The two automakers have been exploring closer cooperation as trade frictions force carmakers to rethink where they build vehicles for Europe, the United States and China. Slowdowns in the world's largest auto...
Ford and VW will announce their partnership against the backdrop of the Detroit auto show, VW Chief Executive Herbert Diess told reporters on Monday. The two automakers have been exploring closer cooperation as trade frictions force carmakers to rethink where they build vehicles for Europe, the United States and China. Slowdowns in the world's largest auto...
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