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January 18, 2020
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Reuters - Business

Netflix opens Paris office, plans new French-language series

Reuters
PARIS (Reuters) – U.S. television streaming company Netflix has opened a new Paris office and plans to develop more than 20 original French-language productions in 2020, it said on Friday. French Culture Minister Franck Riester, Reed Hastings, co-founder and CEO of Netflix and Paris Mayor Anne Hidalgo attend the inauguration......
Reuters - Business

Comcast bets ads work on streaming TV, plans NBC Peacock debut for April

Reuters
NEW YORK (Reuters) – NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday. NBCUniversal parent Comcast Corp is betting that viewers who have abandoned traditional pay TV......
Reuters - Business

Comcast bets ads work on streaming TV, plans NBC Peacock debut for April

Reuters
NEW YORK (Reuters) – NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday. NBCUniversal parent Comcast Corp is betting that viewers who have abandoned traditional pay TV......
Reuters - Business

Factbox: How NBCUniversal’s Peacock streaming service stacks up against others

Reuters
(Reuters) – Comcast Corp’s NBCUniversal on Thursday gave specifics on its planned Peacock video streaming service, which will do battle with industry leader Netflix Inc and others in the highly competitive field. FILE PHOTO: The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza, formerly known as......
Reuters - Business

Comcast’s Peacock streaming service to offer free and $5- or $10-a-month options

Reuters
NEW YORK (Reuters) – Comcast Corp-owned NBCUniversal’s new Peacock service, its belated entry into the streaming video wars, will offer free and $5-per-month options with advertising, the company announced on Thursday. A peacock is pictured outside NBC headquarters at Rockefeller Center in the Manhattan borough of New York City, New......
Reuters - Business

Comcast, late to the streaming party, to give details of NBC’s Peacock service

Reuters
NEW YORK (Reuters) – Comcast Corp on Thursday will reveal details of Peacock, its belated entry into the streaming wars, as it harnesses its NBCUniversal library and invests in new content in an effort to capture viewers abandoning cable TV. FILE PHOTO: The NBC and Comcast logo are displayed on......
Reuters - Business

Hyundai, Kia invest $110 million in UK electric van startup Arrival Ltd

Reuters
(Reuters) – Korea’s Hyundai Group is backing a UK electric vehicle startup that plans to begin selling battery-powered delivery vans in 2021, the companies said on Thursday. FILE PHOTO:Employees of Hyundai Motor Group leave after the company’s new year ceremony in Seoul, South Korea, January 2, 2020. REUTERS/Kim Hong-Ji Hyundai......
Reuters - Business

Hyundai unveils first Genesis SUV in renewed overseas premium push

Reuters
SEOUL (Reuters) – South Korea’s Hyundai Motor Co unveiled the first sport-utility vehicle (SUV) under its Genesis brand on Wednesday, a move analysts said was crucial for the premium marque’s expansion in overseas markets. FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto......
Reuters - Business

Ford’s China vehicle sales drop 26% in third straight year of decline

Reuters
SHANGHAI (Reuters) – Ford Motor Co’s (F.N) China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles. FILE PHOTO: A Ford model is seen......
Reuters - Business

Ford’s vehicle sales in China tumble for third consecutive year

Reuters
SHANGHAI (Reuters) – Ford Motor Co’s (F.N) China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles. FILE PHOTO: A Ford model is seen......
Reuters - Business

Apple pushes recycling of iPhone with ‘Daisy’ robot

Reuters
AUSTIN, Texas (Reuters) – Apple Inc APPL.O is trying to change the way electronics are recycled with a robot that disassembles its iPhone so that minerals can be recovered and reused, while acknowledging rising global demand for electronics means new mines will still be needed. FILE PHOTO: Aluminum iPhone cases......
Reuters - Business

Mercedes-Benz to build smart brand cars with Geely in China’s Xi’an: senior exec

Reuters
The logo of German car manufacturer Mercedes-Benz is seen at Brussels Motor Show, Belgium January 9, 2020. REUTERS/Francois Lenoir BEIJING/SHANGHAI (Reuters) – Mercedes-Benz will build smart-branded electric cars with Zhejiang Geely Holding Group [GEELY.UL] in the Chinese city of Xian from a base with annual capacity of around 150,000 vehicles,......
Reuters - Business

Apple pushes recycling with robot, but mined metals still needed

Reuters
AUSTIN, Texas (Reuters) – Apple Inc APPL.O is trying to change the way electronics are recycled with a robot that disassembles its iconic iPhone so that minerals can be recovered and reused, but rising global demand for electronics means new mines will still be needed by manufacturers. FILE PHOTO: Aluminum......
Reuters - Business

Goldman Sachs finally launches app for online bank Marcus

Reuters
FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – Goldman Sachs Group Inc launched a long-awaited app this week for......
Reuters - Business

Soaring SUV sales keep carmakers on collision course with climate policy

Reuters
FRANKFURT (Reuters) – Soaring demand for SUVs drove record sales for premium carmakers including BMW and Mercedes last year, leaving the industry on collision course with government efforts to tackle global warming despite big investments in electric vehicles. FILE PHOTO: A Mercedes-Maybach GLS sports utility vehicle (SUV) is seen at......
Reuters - Business

Mercedes-Benz poised to clinch premium sales crown for 2019

Reuters
FILE PHOTO: A Mercedes Benz logo is pictured at a Mercedes Benz branch in Stuttgart, Germany, April 15, 2019. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Daimler (DAIGn.DE) sold 2.34 million Mercedes-Benz passenger cars in 2019 for a ninth consecutive year of record sales, it said on Thursday, putting the German carmaker......
Reuters - Business

Mercedes-Benz posts 2019 sales record on demand for SUVs, limousines

Reuters
FILE PHOTO: A Mercedes Benz logo is pictured at a Mercedes Benz branch in Stuttgart, Germany, April 15, 2019. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Daimler (DAIGn.DE) said it sold 2.34 million Mercedes-Benz passenger cars in 2019, the ninth consecutive year of record sales, putting the German carmaker in pole position......
Reuters - Business

Chairman Mao’s favored Red Flag carmaker eyes 1 million customers by 2030

Reuters
Xu Liuping, chairman of China’s FAW Group, speaks at an event of Chinese car marque Hongqi, or Red Flag, held at the Great Hall of the People in Beijing, China January 8, 2020. REUTERS/Yilei Sun BEIJING/SHANGHAI (Reuters) – China’s FAW Group [SASACJ.UL] aims to double its annual sales of Chairman......
Reuters - Business

Geely, Mercedes-Benz launch $780 million JV to make electric smart-branded cars

Reuters
The Mercedes-Benz logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany, September 10, 2019. REUTERS/Ralph Orlowski BEIJING/SHANGHAI (Reuters) – Zhejiang Geely Holding Group Co Ltd and Mercedes-Benz on Wednesday said they would each invest 2.7 billion yuan ($388.77 million) in a China-based venture to build “premium......
Reuters - Business

Luckin Coffee seeks more of China market with new vending machine business

Reuters
FILE PHOTO: A cup of ‘Luckin Coffee,’ coffee is displayed during the company’s IPO at the Nasdaq Market site in New York, U.S., May 17, 2019. REUTERS/Brendan McDermid BEIJING/SHANGHAI (Reuters) – Luckin Coffee Inc (LK.O) said it is expanding into vending machines that sell freshly brewed hot beverages and snacks,......

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