WASHINGTON (Reuters) – General Motors Chief Executive Mary Barra came under harsh criticism from members of Congress from Michigan on Thursday for building a new vehicle in Mexico while ending production at five North American assembly plants and cutting nearly 15,000 jobs. General Motors (GM) Chairman and CEO Mary T. Barra pauses as she speaks… Continue reading GM CEO faces harsh criticism from U.S. lawmakers over Mexico investments
Author: Ritters US Newsfeed
Daimler confirms 2018 group EBIT outlook despite mobility deal delay
The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke FRANKFURT (Reuters) – Daimler (DAIGn.DE) said a proposed deal to combine its mobility services company with that of rival BMW (BMWG.DE) will not close this year, forcing the carmaker to lower the outlook for its financial… Continue reading Daimler confirms 2018 group EBIT outlook despite mobility deal delay
Ride-hailing firm Lyft Inc files for IPO
(Reuters) – Ride-hailing company Lyft Inc beat bigger rival Uber Technologies UBER.UL in filing for an initial public offering that will test investor appetite for high-profile but loss-making technology companies. An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. Picture taken September 21, 2017. REUTERS/Chris Helgren The… Continue reading Ride-hailing firm Lyft Inc files for IPO
Lyft Inc confidentially files for IPO
An illuminated sign appears in a Lyft ride-hailing car in Los Angeles, California, U.S. September 21, 2017. Picture taken September 21, 2017. REUTERS/Chris Helgren (Reuters) – Ride-hailing company Lyft Inc on Thursday confidentially filed a statement with the U.S. Securities and Exchange Commission for an initial public offering. It did not specify the number of… Continue reading Lyft Inc confidentially files for IPO
GM CEO will keep ‘open mind’ on plant closings, acknowledges anger
WASHINGTON (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra on Wednesday vowed to keep an “open mind” about the future of an Ohio plant that will lose vehicle production, but warned the Detroit automaker has excess capacity and did not suggest the company was reconsidering the plan. General Motors (GM) Chairman and CEO… Continue reading GM CEO will keep ‘open mind’ on plant closings, acknowledges anger
UPDATE 3-GM CEO will keep ‘open mind’ on plant closings, acknowledges anger
WASHINGTON (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra on Wednesday vowed to keep an “open mind” about the future of an Ohio plant that will lose vehicle production, but warned the Detroit automaker has excess capacity and did not suggest the company was reconsidering the plan. General Motors (GM) Chairman and CEO… Continue reading UPDATE 3-GM CEO will keep ‘open mind’ on plant closings, acknowledges anger
Ford’s Venezuela unit offers buyouts as output dwindles -sources
CARACAS (Reuters) – Ford Motor Co (F.N) is offering buy-outs to staff at its moribund plant in Venezuela to reduce its payroll, two union leaders said, as the U.S. automaker seeks to streamline its money-losing South America operations. FILE PHOTO: The corporate logo of Ford is seen on a billboard at the facilities of the… Continue reading Ford’s Venezuela unit offers buyouts as output dwindles -sources
Hoarding for Brexit sparks race for warehouse space in Britain
LEIGHTON BUZZARD, England (Reuters) – In a vast warehouse complex 40 miles north of London, staff are wrestling with ways to cram in more goods after a surge in demand from companies building stockpiles ahead of Brexit. An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018.… Continue reading Hoarding for Brexit sparks race for warehouse space in Britain
Thyssenkrupp’s top shareholder appoints ex-Volkswagen CEO
FILE PHOTO: Former Volkswagen head and former CEO of German luxury carmaker BMW, Bernd Pischetsrieder arrives at a courtroom in Munich before the start of his trial October 24, 2011. Pischetsrieder is accused of tax evasion. REUTERS/Michael Dalder FRANKFURT (Reuters) – The Alfried Krupp von Bohlen and Halbach Foundation, Thyssenkrupp’s (TKAG.DE) top shareholder, has appointed… Continue reading Thyssenkrupp’s top shareholder appoints ex-Volkswagen CEO
Hyundai Motor’s South Korean workers to strike Thursday: union source
SEOUL (Reuters) – Hyundai Motor’s South Korean union will stage a four-hour strike on Thursday to protest against the automaker’s move to set up a low-cost carmaking joint venture, a union source told Reuters. The decision was made during a meeting of union representatives on Wednesday, he said. A union spokesman confirmed the plan. Reporting… Continue reading Hyundai Motor’s South Korean workers to strike Thursday: union source