BUENOS AIRES (Reuters) – An Argentine court on Tuesday convicted two former executives of a local Ford Motor Co (F.N) plant of involvement in the torture of workers during the country’s dictatorship in the 1970s, victims’ lawyers said, adding they may sue Ford in U.S. federal court. Former Ford Motor Co. security chief Hector Sibilla… Continue reading UPDATE 3-Ex-Ford Argentina execs convicted in torture case, victims may sue in U.S.
Author: Ritters US Newsfeed
Venezuelan government says it will reopen Goodyear plant, probe bosses
CARACAS, Dec 11 (Reuters) – Venezuela’s government said on Tuesday it would investigate Goodyear Tire & Rubber Co’s local management and re-start operations at its factory, which the U.S. company closed because of deteriorating economic conditions. On Monday, Goodyear said its Venezuelan tire plant had become “impossible” to maintain because of plummeting demand for consumer… Continue reading Venezuelan government says it will reopen Goodyear plant, probe bosses
UPDATE 1-Defunct startup Sidecar sues Uber: ‘hell-bent on stifling competition’
SAN FRANCISCO (Reuters) – Defunct startup Sidecar Technologies Inc, which pioneered on-demand ride-hailing, is suing Uber Technologies Inc [UBER.UL], alleging it engaged in predatory pricing and anticompetitive practices that ultimately put Sidecar out of business. FILE PHOTO: The Uber, Lyft and Juno logos are seen on a car as it drive up 6th Avenue in… Continue reading UPDATE 1-Defunct startup Sidecar sues Uber: ‘hell-bent on stifling competition’
Ford in talks with German workers about potential Saarlouis job cuts
FILE PHOTO: The Ford logo at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 29, 2018. REUTERS/Shannon Stapleton/File Photo (Corrects December 10th story to show no formal decision has been made about discontinuing production of the Ford C-Max in paragraphs 1 and 3) FRANKFURT (Reuters) –… Continue reading Ford in talks with German workers about potential Saarlouis job cuts
UPDATE 2-China car sales drop at steepest pace in almost seven years
* Nov car sales drop 13.9 pct y/y; NEV sales up 37.6 pct * Fifth straight monthly drop, steepest since 2012 * 2018 FY sales set to drop 3 pct – industry body * Industry going through a painful period – official (Adds officials’ comments, graphic, sales forecasts) By Yilei Sun and Adam Jourdan BEIJING/SHANGHAI,… Continue reading UPDATE 2-China car sales drop at steepest pace in almost seven years
UPDATE 2-Goodyear permanently ceases Venezuela operations
CARACAS (Reuters) – Goodyear Tire & Rubber Co (GT.O) is halting operations in Venezuela because of dire economic conditions and U.S. sanctions, the company said on Monday, part of an exodus of foreign corporations from the country. FILE PHOTO: A U.S. flag flies at a Goodyear Tire facility in Somerville, Massachusetts, U.S., July 25, 2017.… Continue reading UPDATE 2-Goodyear permanently ceases Venezuela operations
UPDATE 3-Uber confidentially files for IPO – sources
NEW YORK/SAN FRANCISCO, (Reuters) – Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley. FILE PHOTO: The Uber application is seen on a… Continue reading UPDATE 3-Uber confidentially files for IPO – sources
Former Nissan chairman Ghosn, CEO Saikawa signed documents related to payments -Asahi
FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the eve of press day at the Paris Auto Show, in Paris, France, October 1, 2018. REUTERS/Regis Duvignau/File Photo TOKYO (Reuters) – Former Nissan Motor Co Ltd (7201.T) chairman Carlos Ghosn signed documents for the Japanese automaker… Continue reading Former Nissan chairman Ghosn, CEO Saikawa signed documents related to payments -Asahi
Carlos Ghosn, Nissan Motor to be indicted Monday: Nikkei
TOKYO (Reuters) – Tokyo prosecutors plan to indict former Nissan Motor Co Ltd (7201.T) Chairman Carlos Ghosn on Monday for financial misconduct, the Nikkei business daily reported, ratcheting up their case against the auto tycoon. FILE PHOTO – Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on the… Continue reading Carlos Ghosn, Nissan Motor to be indicted Monday: Nikkei
UPDATE 5-Ride-hail firm Lyft races to leave Uber behind in IPO chase
(Reuters) – Ride-hailing company Lyft Inc beat bigger rival Uber Technologies Inc in filing for an initial public offering (IPO) on Thursday, defying the recent market jitters and taking the lead on a string of billion-dollar-plus tech companies expected to join Wall Street next year. Lyft’s IPO will test investors’ appetite for the most highly… Continue reading UPDATE 5-Ride-hail firm Lyft races to leave Uber behind in IPO chase