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December 11, 2019
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Reuters - Business

Fiat Chrysler’s UAW members ratify new four-year contract

Reuters
DETROIT (Reuters) – The United Auto Workers (UAW) union said on Wednesday that rank-and-file members at Fiat Chrysler Automobiles NV (FCHA.MI) have voted in favor of a new four-year labor contract with the automaker, helping the Italian-American firm avoid a strike as it works to merge with France’s Groupe PSA...
Reuters - Business

Argo takes different road to skirt self-driving challenges

Reuters
PITTSBURGH/DETROIT (Reuters) – Sky’s the limit optimism about self-driving cars is giving way to tougher questions about how expensive automotive artificial intelligence will ever make a profit. FILE PHOTO: An Argo Ai self driving prototype vehicle is seen outside a Ford and Volkswagen joint news conference in New York City,...
Reuters - Business

Self-driving car firms rooted in U.S. government competition

Reuters
FILE PHOTO: Ford President and CEO Jim Hackett (R) and Volkswagen AG CEO Dr. Herbert Diess (L) pose together with Bryan Salesky, chief executive officer and co-founder of Argo AI LLC at a news conference in New York City, New York, U.S., July 12, 2019. REUTERS/Mike Segar/File Photo (Reuters) –...
Reuters - Business

Factbox: Self-driving partnerships proliferate – Reuters

Reuters
(Reuters) – Alliances and partnerships involving development and deployment of autonomous vehicles continue to mushroom. FILE PHOTO: An Argo Ai self driving prototype vehicle is seen outside a Ford and Volkswagen joint news conference in New York City, New York, U.S., July 12, 2019. REUTERS/Mike Segar/File Photo Nearly every major...
Reuters - Business

Tesla plans increasing imported Model 3 prices in China from January: sources

Reuters
FILE PHOTO: China-made Tesla Model 3 electric vehicles are seen at the Gigafactory of electric carmaker Tesla Inc in Shanghai, China December 2, 2019. REUTERS/Aly Song BEIJING (Reuters) – U.S. electric vehicle maker Tesla Inc plans to increase prices of imported Model 3 vehicles in China in January, sources familiar...
Reuters - Business

Mexican businesses focus on labor provisions as they pore over USMCA trade deal text

Reuters
MEXICO CITY/WASHINGTON (Reuters) – Mexican business leaders on Wednesday began poring over texts of a new stricter trade deal with the United States and Canada, looking for details of how more intrusive enforcement of labor rules in Mexico would affect their operations. Moises Kalach, a leader of the CCE business...
Reuters - Business

Meltdowns and touchdowns: How the U.S. scored a Canada-Mexico trade deal

Reuters
WASHINGTON (Reuters) – Revising the U.S.-Mexico-Canada trade agreement took a year of acrimonious talks among Democrats, the chief U.S. negotiator and a labor union president – and may have set a world record for phones being slammed down in anger, according to one negotiator. U.S. Trade Representative Robert Lighthizer gestures...
Reuters - Business

GM, doubling down on big SUVs, unveils longer Chevy Tahoe, Suburban

Reuters
DETROIT (Reuters) – General Motors Co (GM.N) could expand the lineup of vehicles using its large truck and sport utility vehicle architecture and sees big opportunities in over-the-air software updates, President Mark Reuss told Reuters on Tuesday. FILE PHOTO: The GM logo is seen at the General Motors Lansing Grand...
Reuters - Business

U.S., Canada and Mexico sign agreement – again – to replace NAFTA

Reuters
WASHINGTON/MEXICO CITY (Reuters) – Top officials from Canada, Mexico and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision. The signing ceremony in Mexico City...
Reuters - Business

McConnell says Senate will not take up USMCA next week

Reuters
FILE PHOTO: Senate Majority Leader Mitch McConnell (R-KY) speaks to the media after the weekly policy luncheons on Capitol Hill in Washington, U.S., December 3, 2019. REUTERS/Joshua Roberts WASHINGTON (Reuters) – Senate Majority Leader Mitch McConnell said on Tuesday the U.S. Senate would not take up the USMCA trade deal...
Reuters - Business

Pelosi to speak on USMCA as officials close in on trade deal

Reuters
FILE PHOTO: U.S. House Speaker Nancy Pelosi (D-CA) listens during the Wall Street Journal, at the Newseum in Washington, U.S., December 9, 2019. REUTERS/Al Drago WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi will hold a news conference on Tuesday to discuss the U.S. Mexico Canada (USMCA) trade deal as...
Reuters - Business

Japan’s markets watchdog recommends $22 million fine for Nissan over Ghosn pay

Reuters
FILE PHOTO: The Nissan logo is seen at their booth at the Tokyo Motor Show, in Tokyo, Japan October 23, 2019. REUTERS/Edgar Su TOKYO (Reuters) – Japan’s markets watchdog said on Tuesday it has recommended that the country’s financial regulator fine Nissan Motor Co Ltd (7201.T) about 2.4 billion yen...
Reuters - Business

Japan’s markets watchdog recommends 2.4 billion yen fine for Nissan over Ghosn pay

Reuters
FILE PHOTO: The Nissan logo is seen at their booth at the Tokyo Motor Show, in Tokyo, Japan October 23, 2019. REUTERS/Edgar Su TOKYO (Reuters) – Japan’s markets watchdog said on Tuesday it has recommended that the country’s financial regulator fine Nissan Motor Co Ltd (7201.T) about 2.4 billion yen...
Reuters - Business

Ford to nearly halve its 2018 before interest and taxes loss in China

Reuters
FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay (Reuters) – U.S. automaker Ford Motor Co. (F.N) said on Monday it expects its full year 2019 loss, before interest and taxes, from China to be nearly halved from...
Reuters - Business

U.S., Canadian officials converge on Mexico City to seal final changes to trade deal

Reuters
WASHINGTON (Reuters) – Senior U.S. and Canadian officials were set to fly to Mexico City on Tuesday to work on the final changes to a languishing North American trade pact that could clear the way for a vote in the U.S. Congress before the end of the year. FILE PHOTO:...
Reuters - Business

U.S. negotiators set to make last-minute trip to Mexico to pin down USMCA deal

Reuters
WASHINGTON/MEXICO CITY (Reuters) – The Trump administration, Mexico and U.S. Democrats on Monday closed in on a deal for labor-related changes to a languishing North American trade pact that may soon allow it to proceed to a vote, as the window for passage this year quickly narrows. FILE PHOTO: A...
Reuters - Business

GM loans $40 million to firm to acquire, retool shuttered Lordstown, Ohio, factory

Reuters
WASHINGTON (Reuters) – General Motors Co (GM.N) confirmed on Monday it agreed to loan $40 million to an electric vehicle start-up to facilitate the acquisition of its shuttered Lordstown Assembly plant in Ohio. FILE PHOTO: The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in...
Reuters - Business

Volkswagen charged with violating vehicle emission standards in Canada

Reuters
FILE PHOTO: The logo of Volkswagen is pictured at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson (Reuters) – German automaker Volkswagen AG (VOWG_p.DE) on Monday was charged with importing nearly 128,000 vehicles into Canada contravening the country’s environmental legislation, a Canadian government agency...
Reuters - Business

General Motors pulls out of Russian car assembly business with Avtovaz deal

Reuters
FILE PHOTO: The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing, Michigan October 26, 2015. Photo taken October 26. REUTERS/Rebecca Cook/File Photo MOSCOW (Reuters) – Russia’s biggest automaker Avtovaz said on Monday it would buy out General Motors (GM.N) from their joint venture...
Reuters - Business

VW’s German plants need to shape up, says production chief

Reuters
FILE PHOTO: A worker makes final checks on an e-Golf electric car at the new production line of the Transparent Factory of German carmaker Volkswagen in Dresden, Germany, March 30, 2017. REUTERS/Fabrizio Bensch/File Photo BERLIN (Reuters) – Volkswagen’s (VOWG_p.DE) German plants need to boost efficiency to match overseas operations, production...

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