Ford considers closing two Russian plants: sources
Ford Motor Co is considering closing two plants in Russia as part of its global plan to restructure operations in unprofitable regions, three industry sources told Reuters.
Harley-Davidson scoots into kids electric bikes with StaCyc deal
Harley-Davidson Inc moved into kids electric bikes on Tuesday with the purchase of California-based StaCyc Inc, tapping a new business outside its declining core market in classic motorcycles.
Pompeo says China trade deal has ‘got to be right’: interview
U.S. President Trump will reject a U.S.-China trade deal that is not perfect, but the United States would still keep working on an agreement, U.S. Secretary of State Mike Pompeo said in a media interview.
Daimler open to sharing battery cell design with rivals
Daimler is open to collaborating with a rival on the design of electric car battery cells as carmakers struggle to bring down the costs of launching electric cars, research and development chief Ola Kaellenius said on Tuesday.
Investor pushes L Brands to spin off Victoria’s Secret
Activist investor Barington Capital on Tuesday urged L Brands to separate its Victoria’s Secret and Bath & Body Works businesses, in an effort to turn around the struggling consumer brands owner.
Daimler open to sharing battery cell design with rivals
Daimler is open to collaborating with a rival on the design of electric car battery cells as carmakers struggle to bring down the costs of launching electric cars, research and development chief Ola Kaellenius said on Tuesday.
Harley-Davidson scoots into kids electric two-wheelers with StaCyc deal
Harley-Davidson Inc on Tuesday acquired StaCyc Inc, which makes electric two-wheelers for kids, the U.S. motorcycle maker said.
Pompeo says Trump will walk if China trade deal isn’t perfect: interview
U.S. President Trump will reject any U.S.-China trade deal that is not perfect but that the United States will still keep working on an agreement, U.S. Secretary of State Mike Pompeo said in a media interview.
Fiat Chrysler mulls mergers but rules out sale of Maserati
Fiat Chrysler is open to pursuing alliances and merger opportunities if they make sense but a sale of its luxury brand Maserati is not an option, Chief Executive Mike Manley said in Geneva on Tuesday.
BMW could shift some UK engine, Mini output if no orderly Brexit
BMW could move some production of engines and its Mini model out of Britain if the country does not secure an orderly departure from the European Union, the German carmaker said on Tuesday, in the latest Brexit warning from the auto industry.
