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These companies might close, lay off US workers because of Trump’s trade war

Many companies are holding out hope that the trade negotiations end quickly but have warned that job cuts and price increases could be imminent. BMW and General Motors sent their warnings in writing to the Department of Commerce. “This is hurting the economy but so far it’s manageable,” says Mark Zandi, chief economist of Moody’s… Continue reading These companies might close, lay off US workers because of
Trump’s trade war

Lime is expanding its low-income program

Lime, the electric scooter and bike-share startup, is expanding its program for people with low incomes. Called Lime Access, the program enables people who qualify for state or federal assistance programs to access Lime’s fleet of vehicles at a discount. Lime first launched the program in May. At the time and up until now, it… Continue reading Lime is expanding its low-income program

UPDATE 3-Mazda, Suzuki, Yamaha Motor apologise for improper vehicle tests

TOKYO (Reuters) – Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co improperly tested vehicles for fuel economy and emissions, the Japanese government said on Thursday, revealing fresh cases of compliance failures by manufacturers. The results came to light after the government had ordered the automakers to check their operations after revelations of improper… Continue reading UPDATE 3-Mazda, Suzuki, Yamaha Motor apologise for improper vehicle tests

GM squeezes pounds and pennies to attack Ford’s pickup profit machine

FORT WAYNE, Ind. (Reuters) – When General Motors Co (GM.N) engineers were developing the 2019 Chevrolet Silverado and GMC Sierra pickup trucks, some of them joined public tours of Ford Motor Co’s (F.N) Dearborn, Michigan factory to watch aluminum-bodied F-series trucks go down the assembly line. FILE PHOTO: General Motors reveals its 2019 Chevrolet Silverado… Continue reading GM squeezes pounds and pennies to attack Ford’s pickup profit machine

Japan says Mazda, Suzuki, Yamaha Motor carried out improper testing

TOKYO (Reuters) – Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co conducted improper fuel economy and emissions tests on their vehicles, Japan’s transport ministry said on Thursday. The logo of Mazda Motor Corp. is displayed at the company’s news conference venue in Tokyo, Japan May 11, 2018. REUTERS/Kim Kyung-Hoon/File Photo The report is… Continue reading Japan says Mazda, Suzuki, Yamaha Motor carried out improper testing

New York City Council votes to cap licenses for ride-hailing services like Uber and Lyft

The New York City Council has approved legislation that will halt the issuing of new licenses for ride-hailing services like Uber and Lyft. The stated goal of the policy is to give the city time to study the industry’s impact. During that time, ride-hailing companies would only be able to add new vehicles if they’re… Continue reading New York City Council votes to cap licenses for ride-hailing services like Uber and Lyft

Musk tweet sparks debate on Tesla leadership

As a corporate governance expert, Atkins also sits on the board of at least four public companies, including Cognizant, Wynn Resorts, SL Green Realty and Schneider Electric, as well as the privately held Volvo Cars. “Tesla’s board knows they have a rogue CEO. Why aren’t they doing more?” Atkins said Wednesday on CNBC’s “Squawk on… Continue reading Musk tweet sparks debate on Tesla leadership

UPDATE 7-U.S. SEC examining Musk’s tweets on taking Tesla private -WSJ

(Reuters) – U.S. regulators are asking Tesla Inc (TSLA.O) why Chief Executive Elon Musk announced his plan to take the electric carmaker private on Twitter and whether his statement was truthful, the Wall Street Journal reported on Wednesday. Musk announced his plan on his personal Twitter account on Tuesday, and the U.S. Securities and Exchange… Continue reading UPDATE 7-U.S. SEC examining Musk’s tweets on taking Tesla private -WSJ