VW CEO says hopes U.S. investments help avoid tariffs against EU
Volkswagen’s Chief Executive Herbert Diess said an $800 million investment to build a new electric car in Chattanooga, Tennessee should help ease tensions with United States President Donald Trump.
Ford wants U.S. to resolve various trade issues so it can set plans
Ford Motor Co wants the Trump administration to resolve various trade issues faced by the United States, including a trade war with China and a finalized revision of the North American trade agreement, so the carmaker can plan effectively, top executi…
Airbus says A220 jet receives approval for longer-range routes
Europe’s Airbus said on Monday its Canadian-developed A220 jet had won approval to fly up to three hours away from the nearest airport in the event of a shutdown of one of its two engines – a safety standard which underpins its use on longer-range rout…
Citigroup beats profit estimates on lower expenses, shares rise
Citigroup Inc beat Wall Street profit estimates on Monday as lower expenses offset a drop in quarterly revenue, stemming from year-end volatility in its fixed-income trading business.
PG&E bond prices fall, spreads widen on bankruptcy plans
Bonds of PG&E Corp , owner of the biggest U.S. power utility by number of customers, plunged on Monday after the company said it is preparing to file for Chapter 11 bankruptcy protection as it faces liabilities linked to wildfires in California.
Volkswagen to invest $800 million, build new electric vehicle in U.S.
Volkswagen AG said on Monday it was investing $800 million to build a new electric vehicle at its plant in Chattanooga, Tennessee, and scheduled a briefing with Ford Motor Co for Tuesday on their efforts to forge a global alliance.
Wall Street drops after China data, Citi results
U.S. stocks slipped on Monday, dragged down by technology shares, after an unexpected drop in China’s exports in December fanned worries of a slowdown in global economic growth.
Trump predicts U.S. will reach trade deal with China
President Donald Trump on Monday predicted the United States would reach a deal with China to end a tit-for-tat trade war, saying Beijing wants to negotiate and that talks are going well.
American Airlines says government shutdown holds up FAA approval of aircraft
American Airlines Group Inc on Monday said the Federal Aviation Administration’s (FAA) approval of two Boeing MAX 8 aircraft is on hold due to the U.S. government shutdown.
Factbox: Huawei’s challenges in Europe mount after Polish arrests
China’s Huawei Technologies [HWT.UL], the leading global supplier of telecoms network equipment, faces questions over its access to European markets after the arrest of a sales executive in Poland on suspicion of spying.
