U.S. September auto sales fall as shift in Labor Day holiday hurts
Automakers, including Toyota Motor Corp and Hyundai Motor , on Tuesday reported a sharp drop in September U.S. sales, hurt by the early timing of Labor Day as sales from the holiday weekend were booked in August.
Oil prices sink as weak U.S. economic data dims demand outlook
Oil prices slipped on Tuesday, pressured as weak U.S. economic data dimmed crude’s demand outlook, while reports of an output decline from the world’s largest oil producers in the third quarter kept prices from falling further.
Tesla registers Shanghai construction unit in acceleration of China plans
U.S. electric vehicle maker Tesla Inc has registered a construction company in China, a business registration filing shows, the latest sign Tesla is pushing ahead with its plans in the world’s biggest auto market.
Credit Suisse clears its CEO in spying scandal that rocked Swiss banking
Credit Suisse cleared its CEO on Tuesday of snooping on a star wealth manager in an episode that saw suicide, scandal and espionage invade the secretive world of Swiss private banking.
Italy’s Illycaffe sets five year target for U.S. expansion
Italy’s Illycaffe could reach its goal of opening 200 cafes in the United States within five years as part of a broader drive to expand its business outside its home market, Andrea Illy, the chairman of the premium coffee maker said.
King dollar reigns supreme as U.S. outshines the euro area
The dollar surged to a 29-month high against a basket of rival currencies on Tuesday, while pummeling the euro to its weakest since May 2017.
Oil flat as weak U.S. economic data weighs, lower output supports
Oil prices steadied on Tuesday, pressured by weak U.S. economic data that dimmed the crude demand outlook, while finding some support from reports of an output decline from the world’s largest oil producers in the third quarter.
Wall Street falls as monthly factory activity contracts to 10-year low
Wall Street’s main indexes reversed course on Tuesday after data showed U.S. factory activity shrank in September to its weakest in more than a decade, deepening worries about the impact of a U.S.-China trade war on the world’s largest economy.
Ford ties up with Mahindra in India to cut risks and costs
Ford Motor Co and Mahindra & Mahindra said on Tuesday they would form a joint venture in India, in a move aimed at reducing risks for the U.S. automaker’s local business and cutting the cost of developing and producing vehicles for emerging markets.
Toyota Motor U.S. sales fall 16.5% in September
Toyota Motor Corp’s U.S. sales fell 16.5% in September hurt by lower sales of its Highlander and Tacoma sport utility vehicles, as well as declining demand for sedans such as Camry and Prius, the Japanese carmaker said on Tuesday.
