U.S. factory activity slows; construction spending edges up
A measure of U.S. factory activity retreated from a more than 14-year high in September as growth in new orders slowed, but supply bottlenecks appeared to be easing, suggesting a steady pace of expansion in manufacturing.
Tesla shares jump on Model 3 numbers, Musk settlement
Shares of Tesla Inc jumped 18 percent on Monday as signs it had met targets for quarterly production numbers added to relief at Chief Executive Elon Musk’s settling a lawsuit with regulators that could have forced him out.
Thyssenkrupp to quickly exit industrials spin-off after split
Thyssenkrupp is to quickly sell a minority stake it will own in the capital goods business due to be spun off, the conglomerate’s chief executive told analysts on Monday.
Factbox: Thyssenkrupp breaks into two
Thyssenkrupp last week unveiled plans to spin off its capital goods business into a separately-listed entity, effectively splitting the conglomerate in two.
Husky sees MEG as potential ‘hand-in-glove’ Canada oil sands merger
Husky Energy Inc’s hostile bid for MEG Energy Corp reflects the need for Canadian oil companies to own integrated assets, from production to refineries, to manage the deep price discounts on Canadian crude, Husky’s chief executive said on Monday.
Tesla produced 53,000 Model 3s in third quarter: Electrek
Tesla Inc produced 53,000 Model 3 sedans in the third quarter ended Sept. 30, Electrek reported on Monday, citing a source familiar with the matter.
USMCA pact could take effect in second half of 2019: Mexico minister
The new trade agreement between the United States, Mexico and Canada could go into effect from the second half of 2019, Mexican Economy Minister Ildefonso Guajardo said on Monday.
Tech, industrials lift Wall Street higher
U.S. stocks advanced on Monday, led by gains in shares of technology and industrial companies, as a last-minute deal to save NAFTA as a trilateral pact raised hopes for progress in talks with other countries at the start of the fourth quarter.
Volvo not considering diesel car retrofits in Germany: spokeswoman
Volvo is not considering any hardware retrofits for diesel vehicles in Germany, a company spokeswoman said on Monday, denying a report by Germany’s Der Spiegel magazine that said the Swedish carmaker was mulling that option.
Three new cars in Paris tell the story of an industry in flux
Three new vehicles debuting at the Paris car show this week will show investors and consumers the challenges facing the global auto industry as it grapples with the biggest technological changes in a century.
