Author: Ritters US Newsfeed

Ford Motor urges U.S., China to resolve trade issues

April 4 (Reuters) – Ford Motor Co on Wednesday said it encouraged the U.S. and Chinese governments to “work together to resolve issues” after China retaliated against U.S. plans to impose tariffs with a list of similar duties. “We encourage both governments to work together to resolve issues between these two important economies,” Ford said… Continue reading Ford Motor urges U.S., China to resolve trade issues

WRAPUP 8-China strikes back with duties on U.S. soybeans, planes; markets drop

BEIJING/WASHINGTON (Reuters) – China hit back quickly on Wednesday against U.S. plans to impose tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key American imports including soybeans, planes, cars, beef and chemicals in a move that sent global markets lower. Beijing responded after U.S. President Donald Trump’s administration… Continue reading WRAPUP 8-China strikes back with duties on U.S. soybeans, planes; markets drop

VW bets on Brazil rebound with SUV, Honda remains cautious

SAO PAULO, April 4 (Reuters) – Volkswagen AG plans to produce its first SUV in Brazil, it said on Wednesday, betting on a rebound in Latin America’s market despite signs of caution from rivals such as Honda Motor Co. VW said in a statement it will invest 2 billion reais ($595 million) to manufacture the… Continue reading VW bets on Brazil rebound with SUV, Honda remains cautious

UPDATE 1-GM to stop production of Chevrolet Sonic Subcompact car – WSJ

(Reuters) – General Motors Co (GM.N) will stop production of its subcompact Chevrolet Sonic by as early as this year, the Wall Street Journal reported, citing people familiar with the matter. FILE PHOTO: The GM logo is seen at the General Motors Warren Transmission Operations Plant in Warren, Michigan, U.S., October 26, 2015. REUTERS/Rebecca Cook/File… Continue reading UPDATE 1-GM to stop production of Chevrolet Sonic Subcompact car – WSJ

BRIEF-GM Issues Statement On U.S./China Trade

April 4 (Reuters) – General Motors Co: * GM ISSUES STATEMENT ON U.S./CHINA TRADE * GM SAYS “SUPPORT A POSITIVE TRADE RELATIONSHIP BETWEEN THE U.S. AND CHINA” * GM SAYS URGES U.S. AND CHINA TO CONTINUE TO “ENGAGE IN CONSTRUCTIVE DIALOGUE AND PURSUE SUSTAINABLE TRADE POLICIES” Source text (bit.ly/2uT6YQj) Further company coverage: Go to Source

CORRECTED-UPDATE 3-GM to drop monthly U.S. vehicle sale reports

(This version of the April 3rd story corrects to delete reference to Brazil in second paragraph) A partially assembled Chevrolet 2017 Sonic is seen on the assembly line at GM Orion Assembly plant in Orion, Michigan, U.S., June 13, 2017. REUTERS/Rebecca Cook By Joseph White DETROIT (Reuters) – General Motors Co (GM.N) said on Tuesday… Continue reading CORRECTED-UPDATE 3-GM to drop monthly U.S. vehicle sale reports

China retaliates for U.S. tariffs, slaps duties on soybeans, planes, autos

BEIJING/WASHINGTON (Reuters) – China hit back on Wednesday at the Trump administration’s plan to slap tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, whiskey and chemicals. FILE PHOTO: A worker takes a sample from an incoming truckload of soybeans at Peterson… Continue reading China retaliates for U.S. tariffs, slaps duties on soybeans, planes, autos