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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

Volkswagen paid home premiums to US executives

The diesel scandal in the US gets a new facet. Volkswagen paid several million dollars to managers so they would not leave. US lawyers interpret the payments as “hush money”. Volkswagen in the USA Wednesday, 04.04.2018 10:32 clock In the US, Volkswagen paid around 150 employees to pay € 4.5 million for bonuses, including to… Continue reading Volkswagen paid home premiums to US executives

Conflict reopened: VW announces all contracts – supplier Prevent feels betrayed

Production at VW The carmaker causes great annoyance at its supplier Prevent. (Photo: AP) The actually settled conflict between the Volkswagen Group and the German-Bosnian supplier group Prevent breaks again after one and a half years. The Wolfsburg car manufacturer wants to cut all supply relationships with the rebellious supplier and therefore terminates all contracts.… Continue reading Conflict reopened: VW announces all contracts – supplier Prevent feels betrayed

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

French Renault Zoe owners can finally buy their batteries

Engadget Renault’s all-electric Zoe has been very well-received in its home country of France, but the company’s controversial battery-leasing scheme in the country has undoubtedly given potential buyers pause for thought. Either own the car and pay a monthly fee, or lease the whole car. The idea that Renault could snatch your battery away if… Continue reading French Renault Zoe owners can finally buy their batteries

Meituan Confirms $3.7B Mobike Acquisition To Strengthen Its Mobility Offerings

Wang Xing, CEO of Chinese group-buying and location-based services firm Meituan Dianping, has confirmed Meituan’s acquisition of bike sharing firm Mobike in an internal letter reported by local media. China Money Network yesterday reported Meituan was in talks to buy Mobike for US$3.7 billion, including the assumption of debt of US$1 billion. Meituan did not… Continue reading Meituan Confirms $3.7B Mobike Acquisition To Strengthen Its Mobility Offerings

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