Fiat Chrysler to spend 5 billion euros in Italy to fill plants, keep jobs
Fiat Chrysler plans to spend more than 5 billion euros ($5.7 billion) on new models and engines in Italy over the next three years to try to make better use of factories and boost jobs and margins.
Wall Street falls as investors turn cautious ahead of G20
U.S. stocks fell on Thursday as investors turned risk averse in the run up to U.S.-China trade talks at the upcoming G20 Summit after President Donald Trump said there was “a long way to go” on tariffs with Beijing.
Former Nissan executive Kelly denies financial misconduct allegations: lawyer
Nissan Motor Co’s former representative director Greg Kelly denies allegations of financial misconduct at the automaker, his lawyer said on Thursday.
Jaguar Land Rover to lay off staff temporarily at UK plant
Britain’s biggest carmaker Jaguar Land Rover is to reduce the workforce at its plant in Wolverhampton, central England, by about 500 in a temporary move, it said on Thursday.
Barry Callebaut, Dutch partners launch sustainable mass-market chocolate
Swiss chocolate maker Barry Callebaut on Thursday signed a partnership with Dutch No.1 retailer Albert Heijn to make its private-label chocolate fully traceable from 2019, reflecting consumers’ growing interest in ethical sourcing.
Nissan-Renault-Mitsubishi alliance won’t appoint interim chairman
Mitsubishi Motors’ Chief Executive Osamu Masuko said on Thursday that the company’s three-way alliance with Nissan and Renault would not appoint an interim chairman and would shift instead to a system where the group would be led by the three CEOs.
Wall Street opens lower as investors turn cautious with G20 in focus
U.S. stocks opened lower on Thursday as investors took a cautious stance in the run up to U.S.-China trade talks at the upcoming G20 Summit after President Donald Trump said there was “a long way to go” on tariffs with Beijing.
Bayer looks at options for animal health, some consumer brands
Bayer said on Thursday it was looking into strategic options for its sunscreen brand Coppertone and Dr. Scholl’s foot care products and will also divest its animal health division.
U.S. consumer spending surges, underlying inflation slows
U.S. consumer spending increased by the most in seven months in October, but underlying price pressures slowed, with an inflation measure tracked by the Federal Reserve posting its smallest annual increase since February.
Rally on dovish Fed fizzles out as Trump strikes tough tone on trade
A dovish tone from Fed Chairman Jerome Powell lifted world stocks to their highest in more than two weeks on Thursday, but an uncompromising tone from U.S. President Trump on trade dampened optimism and set U.S. stocks up for a weaker open.
