Aug 18- A former senior official at the United Auto Workers trade union was charged on Friday with conspiring with other union officials to accept improper payments from Fiat Chrysler Automobiles NV officials over a four-year period. Virdell King, 65, of Detroit, who a union official until February 2016, was charged with conspiracy to violate labor laws in U.S....
DETROIT, Aug 18- Federal prosecutors on Friday recommended a three-year prison sentence for Volkswagen AG engineer James Liang for his role in a diesel emissions scandal that has cost the German automaker as much as $25 billion. Prosecutors in U.S. District Court in Detroit said Liang, a diesel engine expert with more than 30 years of experience at VW, "provided an...
DETROIT— A former union official in Detroit has been charged with making more than $40,000 in purchases for herself and others with money from Fiat Chrysler. Virdell King is the fourth person charged in the case. The government says Al Iacobelli, who was a Fiat Chrysler labor executive, gave credit cards to some officials at the United Auto Workers.
TREASURY YIELDS PARE DECLINE AS WALL STREET STOCKS TRIM LOSSES FOLLOWING EARLY AUGUST U. MICHIGAN U.S.
TREASURY YIELDS HOLD NEAR SESSION LOWS AFTER STRONGER-THAN-FORECAST U. MICHIGAN U.S.
LONDON, Aug 18- Anglo American is placing a contrarian bet on hydrogen fuel cell vehicles as it tries to squeeze more profit from its platinum reserves, but risks being left behind as rival miners look to cash in on battery-powered cars. A push, particularly in Europe and China, for lower-emission transport raises the prospect of weaker demand for platinum, whose...
*The most-traded wheat, for September delivery, on the Chicago Board of Trade was up 0.6 percent at $4.43-/ 14 a bushel by 0128 GMT, having touched a contract low of $4.12-1/ 4 on Thursday. *A tender by Egypt on Wednesday drew offers totalling around 1 million tonnes of Russian wheat, underlining big supplies from Russia. Egypt, the world's largest wheat importer, booked...
WASHINGTON, Aug 17- Auto industry groups from Canada, Mexico and the United States are pushing back against the Trump administration's demand for higher U.S. automotive content in a modernized North American Free Trade Agreement. At talks underway this week in Washington, automaker and parts groups from all three countries were urging negotiators against...
DEARBORN, Mich.— Ford Motor Co. has agreed to pay up to $10.1 million to settle sexual and racial harassment allegations by workers at two Chicago- area plants. The settlement announced this week follows an investigation by the U.S. Equal Employment Opportunity Commission, which says it found evidence that employees at the Chicago Assembly Plant and the Chicago...
DETROIT— The new CEO of Ford Motor Co. says the company isn't taking its eyes off the present as it prepares for transportation in the future. Jim Hackett, who replaced Mark Fields in May, says new mobility projects such as buying a shuttle company and the purchase of an artificial intelligence startup have not taken money from car and truck development.
Aug 16- General Motors Co's Maven car sharing and rental unit is expanding its partnerships in ride and delivery services as parent GM considers whether to enter the on-demand mobility business now dominated by Uber Technologies and Lyft Inc.. Through Gig, Maven can provide GM vehicles directly to ride-sharing drivers who previously leased them through...
GRAND RAPIDS, Mich. _ Spartan Stores Inc. on Wednesday reported second-quarter net income of $21 million. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 60 cents per share. Spartan Stores expects full-year earnings in the range of $2.18 to $2.28 per share.
Aug 16- General Motors Co's Maven car sharing and rental unit could wind up competing with two of its biggest customers, Uber Technologies and Lyft Inc, with an ambitious expansion plan that could take it eventually into ride and delivery services. Through Gig, Maven can provide GM vehicles directly to ride-sharing drivers who previously leased them through...
*LME warehouse changes by operator: http://tmsnrt.rs/2i5GpR9. LONDON, Aug 16- First, the good news. The original queue to get aluminium out of exchange warehouses in Detroit disappeared in April 2016.
DETROIT— Fiat Chrysler is teaming up with BMW and Intel to develop an autonomous-driving system. Computer chip maker Intel recently acquired Israel's Mobileye, a leader in software that integrates autonomous car sensors. BMW, Intel and Mobileye announced an autonomous vehicle partnership in 2016..
CINCINNATI— Robots are secretly plotting to kill us. Physicist Stephen Hawking and tech entrepreneur Elon Musk have also warned about the dangers of going too far, too quickly, in developing "thinking robots" with programmed intelligence that might keep evolving self-awareness, similar to the humanoids in the HBO series "Westworld. Hawking told the BBC in 2014...
Aug 15- A bitterly divided U.S. solar power industry descended on Washington on Tuesday to testify before a government panel that has been asked to impose steep tariffs on imported solar panels. Suniva, which has been majority owned by Hong Kong- based Shunfeng International Clean Energy since 2015, makes panels in Georgia and Michigan. The petition has drawn...
The letter, from the Rail Customer Coalition sent on Monday, is the latest challenge to CSX Chief Executive Hunter Harrison's effort to ramp up productivity at the Jacksonville, Florida- based railroad and fulfill investor expectations for substantially better financial performance. Senators John Thune of South Dakota and Bill Nelson from Florida, and...
DETROIT— Ride-hailing service Uber has agreed to protect data and audit use of rider information to settle a complaint from the federal government that it deceived customers. The Federal Trade Commission, in a complaint settled on Tuesday, alleged that Uber failed to secure data about rider trips and neglected to monitor employee access to the information.
WASHINGTON, Aug 15- More than a dozen high technology companies and the biggest wireless operator in the United States, Verizon Communications Inc, have called on the U.S. Supreme Court to make it harder for government officials to access individuals' sensitive cellphone data. Signed by some of Silicon Valley's biggest names, including Apple, Facebook, Twitter,...
