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Chided by Trump, Ford scraps Mexico factory, adds Michigan jobs

January 4, 2017 by · Leave a Comment 

By Bernie Woodall and David Shepardson FLAT ROCK, Mich./WASHINGTON (Reuters) – Ford Motor Co on Tuesday scrapped a planned Mexican car factory and added 700 jobs in Michigan following criticism by Donald Trump, as the U.S. president-elect turned his attention toward rival General Motors Co with the threat of a “big border tax” over compact cars made in Mexico. Ford CEO Mark Fields called the move “a vote of confidence” in Trump, but primarily a response to a decline in North…

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Chided by Trump, Ford scraps Mexico factory, adds Michigan jobs

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Deadline extended for Google to respond to EU’s AdSense complaint

October 24, 2016 by · Leave a Comment 

By Foo Yun Chee BRUSSELS (Reuters) – Alphabet unit Google has been given an extra week to formally respond to allegations by the European Commission that it was blocking rivals in online search advertising, a move

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Deadline extended for Google to respond to EU’s AdSense complaint

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EU, Canada still hope to sign trade deal after Belgian ‘Non’

October 24, 2016 by · Leave a Comment 

Belgium declared on Monday that it could not formally back a free trade deal between the European Union and Canada because of an internal Belgian dispute, but the two sides still appeared to be holding out hopes of a summit to …

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EU, Canada still hope to sign trade deal after Belgian ‘Non’

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TD Ameritrade faces scrutiny over Scottrade purchase

October 24, 2016 by · Leave a Comment 

TD Ameritrade has agreed to buy Scottrade for $2.7 billion in a deal that would bring together two of the biggest U.S. discount brokerages, but is expected to face scrutiny from regulators. In a connected deal, Toronto-Dominion Bank , TD Ameritrade's biggest shareholder, said on Monday it had agreed to buy Scottrade's banking business for $1.3 billion as it continues to ramp up its expansion in the United States. TD Ameritrade's acquisition of Scottrade combines two …

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TD Ameritrade faces scrutiny over Scottrade purchase

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Toyota again leads U.S. auto reliability survey, Buick surprises

October 24, 2016 by · Leave a Comment 

Two Toyota Motor Corp brands again led the annual reliability survey from Consumer Reports magazine, and General Motors Co's Buick was the first American brand in at least 35 years to crack the top three, the consumer magazine said on Monday. It was the fourth …

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Toyota again leads U.S. auto reliability survey, Buick surprises

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Canada Unifor union sets tentative strike deadline for Fiat Chrysler

September 25, 2016 by · Leave a Comment 

By Ethan Lou TORONTO (Reuters) – Canada's Unifor union has set a tentative strike deadline of midnight Oct. 10 for talks with Fiat Chrysler Automobiles NV , the labor group said on Saturday as it prepares to vote on a related deal with General Motors Co . Unifor, which represents close to 10,000 Fiat Chrysler workers in Canada, said in a statement the strike deadline of 11:59 p.m. will stand if talks with Fiat Chrysler begin “immediately” after the union

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Canada Unifor union sets tentative strike deadline for Fiat Chrysler

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General Motors settles ignition-switch cases

September 5, 2016 by · Leave a Comment 

(Reuters) – General Motors Co said it settled the remaining two ignition-switch cases for an undisclosed amount in a series of six test trials over the defect The remaining trials were

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General Motors settles ignition-switch cases

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U.S. factory activity slips; construction spending hits one-year low

August 1, 2016 by · Leave a Comment 

U.S. manufacturing activity eased in July amid shrinking order backlogs and declining employment, while an unexpected drop in construction spending in June suggested second-quarter economic was probably even weaker than reported last week. The Institute for Supply Management's (ISM) report on Monday also showed manufacturers ramping up production to an 18-month high even as factories continued…

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U.S. factory activity slips; construction spending hits one-year low

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Daimler’s MyTaxi to merge with Hailo to take on Uber: sources

July 26, 2016 by · Leave a Comment 

Daimler will deepen its European footprint in the ride-hailing business when its MyTaxi smartphone app unveils an all-share merger deal with U.K. rival Hailo as soon as Tuesday, three sources briefed on the matter told Reuters. It is the latest push by traditional carmakers to enter the taxi ride hailing services market dominated by technology companies like Uber [UBER.UL]. In similar deals earlier this year, Volkswagen took a $300 million stake in Gett and General Motors invested $500 million into Lyft.

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Daimler’s MyTaxi to merge with Hailo to take on Uber: sources

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GM recalling nearly 290,000 U.S. cars for air bag defect

July 21, 2016 by · Leave a Comment 

WASHINGTON (Reuters) – General Motors Co said Thursday it is recalling nearly 290,000 older Chevrolet Impala cars in the United States because the air bag may not deploy in the event of the crash. The largest U.S. automaker said the front passenger seat frame in the 2009 and 2010 model Impala cars may rub against and damage electrical wires, which could cause the airbag fuse to short. Dealers will add anti-

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GM recalling nearly 290,000 U.S. cars for air bag defect

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