Volkswagen CEO says SAIC VW plant in Shanghai starts trial production
Volkswagen and SAIC Motor Corp's $2.5 billion new energy vehicle plant in Shanghai has started trial production, Volkswagen's CEO Herbert Diess said on Friday.
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Volkswagen's Shanghai EV plant with SAIC has started trial production: VW CEO
Trial production has started at Volkswagen AG's (VW) and SAIC Motor Corp Ltd's $2.5 billion electric vehicle (EV) factory in Shanghai, VW's chief executive said on...
Global stocks, dollar rally on renewed U.S.-China deal hopes
Oil prices rose and stocks rallied worldwide on Thursday after China said it had agreed with the United States to cancel tariffs in phases, a key...
Here are the 10 companies with the most cash on hand
Several companies, including Microsoft, Berkshire Hathaway, Alphabet and Apple are sitting on more than $100 billion dollars of cash, which is leading some on Wall Street...
GM sells shuttered Ohio plant to EV truck start-up
General Motors Co confirmed on Thursday it has sold its shuttered Lordstown Assembly plant in Ohio to a start-up that has an ambitious plan to begin...
Xerox offers to buy HP for $22, sources say, more than 30% higher than where it traded a month ago
Sources also said the bid consists of 77% cash and 23% stock, or $17 in cash and 0.137 Xerox share for each HP share.
UPS liable for shipping contraband cigarettes in New York, damages reduced: court
A federal appeals court found United Parcel Service Inc liable to New York state and New York City for shipping hundreds of thousands of cartons of...
Roku tumbles 11% as Wall St. gives thumbs down to latest report
Roku Inc's stock tumbled 11% on Thursday after the video streaming company gave a quarterly report that Wall Street deemed not good enough to justify its...
Exclusive: Trump administration moves closer to easing gun exports
The Trump administration has passed a key milestone in a long-delayed rule change that would make it easier to sell U.S. firearms outside the United States,...
China, U.S. agree to roll back tariffs as part of trade deal: officials
China and the United States have agreed to roll back tariffs on each others' goods as part of the first phase of a trade deal, officials...
Juncker says Trump won't impose tariffs on European cars: Sueddeutsche
Outgoing European Commission President Jean-Claude Juncker does not believe U.S. President Donald Trump will impose tariffs on imported European cars next week, he told Germany's Sueddeutsche...
Exclusive: Sears says it has secured a $250 million lifeline, will close 96 stores
Sears told Reuters on Thursday it had won a $250 million lifeline from lenders that include billionaire owner Eddie Lampert, and will close additional stores, as...
Airbus reshuffles supply chain as former autos executive leaves group
Airbus is seeking a new permanent leader of a $50 billion supply chain as Klaus Richter, chief procurement officer, steps down from his post at the...
Juul Labs to stop sales of mint-flavored nicotine pods in U.S
Juul Labs Inc said on Thursday it would immediately stop accepting orders for mint-flavored refills for its e-cigarettes in the United States.
Exclusive: Freddie Mac hires McKinsey to review capital as government overhaul begins
Housing finance giant Freddie Mac has hired management consultants McKinsey & Company to advise the firm on capital management ahead of a potential exit from government...