In quest for electric supercars, engineers head to start-ups
Rene-Christopher Wollmann, head of Mercedes-AMG’s 2.75 million euros Project One supercar program, has moved to a job at Automobili Pininfarina in a sign that innovation in high end electric sportscars is shifting toward small start-ups.
Foxconn chairman Gou says he aims to step down in coming months
The chairman of Taiwan’s Foxconn, assembler of Apple Inc’s iPhones, told Reuters on Monday he plans to step down in the coming months, saying he wants to pave the way for younger talent to move up the ranks of the company.
Volkswagen expects core brand’s global 2019 sales to be in line with last year: senior executive
Volkswagen expects global sales of its core brand this year to be in line with the 6.24 million level that it achieved in 2018 even though China sales dipped in the first-quarter, the company said on Monday.
Worried a recession is coming, U.S. online lenders reduce risk
U.S. online lenders such as LendingClub Corp, Kabbage Inc and Avant LLC are scrutinizing loan quality, securing long-term financing and cutting costs, as executives prepare for what they fear could be the sector’s first economic downturn.
Volkswagen pushes battery partners to build Gigafactories
Volkswagen is pushing its joint venture partners including SK Innovation (SKI) to build electric car battery plants which have at least one Gigawatt manufacturing capacity, Chief Executive Herbert Diess told Reuters.
Volkswagen pushes battery partners to build Gigafactories
Volkswagen is pushing its joint venture partners including SK Innovation (SKI) to build electric car battery plants which have at least one Gigawatt manufacturing capacity, Chief Executive Herbert Diess told Reuters.
Oil dips, supply issues in focus
Oil prices edged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, but concerns over global supplies kept prices well supported.
Oil dips, supply issues in focus
Oil prices edged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, but concerns over global supplies kept prices well supported.
Asian shares near nine-month highs, helped by U.S. optimism on China trade talks
Asian shares neared nine-month highs on Monday after U.S. Treasury Secretary Steven Mnuchin said he hoped U.S.-China trade talks were approaching a final lap, while strong Chinese export and bank loan data boosted confidence in the global economy.
Exclusive: U.S. waters down demand China ax subsidies in push for trade deal – sources
U.S. negotiators have tempered demands that China curb industrial subsidies as a condition for a trade deal after strong resistance from Beijing, according to two sources briefed on discussions, marking a retreat on a core U.S. objective for the trade …
