"It's the heartland, especially the Midwest and the Great Plains, where most of the best states for homeowners are found," the report says
June 12- General Motors Co president Mark Reuss said on Wednesday that the automaker is investing about $150 million at its Flint Assembly plant, Michigan to boost production of heavy duty trucks by another 40,000 vehicles a year.
WASHINGTON, June 12- Uber Technologies Inc on Wednesday will unveil its newest Volvo self-driving car in Washington as it works to eventually deploy vehicles without drivers under some limited conditions. Uber said the new production XC90 will be assembled by Volvo Cars in Sweden and have human controls like steering wheels and brake pedals, but added it has...
June 12- Ford Motor Co's majority owned autonomous vehicle subsidiary, Argo AI, launched its new fleet of self-driving test vehicles- Ford Fusion Hybrid- in Detroit on Wednesday, expanding its presence to five U.S. cities. The new cars are equipped with upgraded sensors, including radars and cameras with higher resolution and range, the company said.
June 11- General Motors Co is expected to announce on Wednesday it is investing about $150 million at its Flint Assembly in Michigan to boost production of heavy duty trucks, sources briefed on the matter said. The Detroit automaker announced in February it was adding 1,000 jobs to build a new generation of heavy-duty pickup trucks. The company confirmed its...
Tariffs on Chinese imports, as well as the threat of new duties on Mexican imports, will stifle job growth, according to the industry group.
WASHINGTON, June 5- Fiat Chrysler Automobiles' U.S. sales chief Reid Bigland sued the Italian-American automaker claiming the company opted to withhold 90% of his 2018 compensation because he has cooperated with a probe by the U.S. Securities and Exchange Commission, court documents filed on Wednesday show. The SEC has been investigating the company's sales...
MEXICO CITY, June 5- Mexico has prepared a list of U.S. products that could be hit in retaliation for possible Trump administration tariffs, with a focus on Republican-leaning agricultural states but excluding corn, one of Mexico's biggest imports, officials said on Wednesday. President Donald Trump has pledged to apply a first round of tariffs on all Mexican...
MEXICO CITY, June 5- Mexican President Andres Manuel Lopez Obrador has received an official list of U.S. products that could be subject to retaliatory tariffs if across-the-board duties threatened by the Trump administration take effect, officials said on Wednesday. President Donald Trump has pledged to apply a first round of tariffs on all Mexican imports...
WASHINGTON/ STOCKHOLM, June 5- The United States has rejected separate requests from General Motors Co and Chinese-owned Volvo Cars for an exemption to a 25% U.S. tariff on their Chinese-made sport utility vehicle models. Trade Representative's office saying the request concerned "a product strategically important or related to' Made in China 2025' or other...
Sen. Gary Peters from Michigan says he's especially concerned for the Detroit automakers that have major production in Mexico.
*Regulator: Ford Changan JV set minimum resale price in Chongqing. SHANGHAI, June 5- China's market regulator said on Wednesday it has fined Ford Motor Co's joint venture with Changan Automobile Group 162.8 million yuan for violating anti-monopoly law. The State Administration for Market Regulation said on its website the joint venture, Changan Ford, had set a...
WASHINGTON, June 3- The U.S. Supreme Court on Monday rejected an appeal by Mathew Martoma, a former portfolio manager for billionaire Steven A. Cohen, challenging a conviction for insider trading. The Supreme Court left in place a June 2018 ruling by the New York- based 2nd U.S. Circuit Court of Appeals, which found there was enough evidence to establish Martoma's...
States such as Arizona, Michigan and Texas will feel the effects if President Donald Trump goes through with tariffs on imports from Mexico.
LONDON, May 31- U.S. consumers are more confident about the outlook for their own finances and the economy than they have been at any time since before the Great Recession, according to survey data from the University of Michigan. In recent quarters, U.S. business investment has started to slow as firms react to increased uncertainty stemming from the prolonged...
NEW YORK, May 29- U.S. stocks will build on this year's already strong gains over the rest of 2019 despite growing U.S.- China trade tensions that represent the biggest threat to the market, according to a Reuters poll of strategists. Most strategists in the poll cited further escalation in the U.S.- China trade war as the biggest potential negative over the...
A deal would be the fourth time in 20 years that the former Chrysler Corp of Detroit would have transferred to new owners, and the fifth time since 1987 that the Jeep sport utility vehicle brand would have changed hands. 1987 Chrysler, under Lee Iacocca, agrees to buy Renaults 46% stake in Jeep parent American Motors Corp, and later acquires all of AMC and begins...
TURIN, Italy/ LONDON, May 26- Fiat Chrysler has been angling for a combination with another automaker for years, and its latest attempt- for a global tie-up with France's Renault- could address some of the main weaknesses of both companies, sources say. But its vast Mirafiori plant in Turin, Fiat's former hometown, illustrates a major reason why no deal has happened...
MILAN/ PARIS, May 25- Fiat Chrysler and Renault are in talks on a comprehensive global tie-up that could address some of the main weaknesses of both carmakers, two sources with knowledge of the discussions told Reuters on Saturday. Renault spokesman Frederic Texier said the French carmaker had no comment. FCA has a highly profitable North American RAM trucks...
MILAN/ PARIS, May 25- Fiat Chrysler and Renault are in talks on a comprehensive global tie-up that could address some of the main weaknesses of both carmakers, two sources with knowledge of the discussions told Reuters on Saturday. Renault spokesman Frederic Texier said the French carmaker had no comment. FCA has a highly profitable North American RAM trucks...
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