Tesla hits Model 3 production target, backs profit view
(Reuters) – Tesla Inc crossed its long-elusive target of producing 5,000 Model 3 cars in a week after several delays, and reaffirmed its positive cash flow and profit forecast for the rest of the year.
Ryanair, German union aim for further talks as pilots vote on strike action
FRANKFURT (Reuters) – German labor union Vereinigung Cockpit (VC) said it had agreed with Ryanair’s management to continue negotiations, even as it ballots the budget carrier’s pilots in Germany for industrial action.
Wall Street lower as tariff worries weigh
(Reuters) – Losses in shares of technology and industrial companies dragged Wall Street lower on the first trading day of the second half of this year, as risk of an escalating tariff war between Washington and its trading partners continued to weigh o…
Volkswagen components business to become independent entity
FRANKFURT (Reuters) – Volkswagen said its components development and manufacturing business would become an independent entity within the group from January 2019, alongside the VW Passenger Cars business and Volkswagen Commercial Vehicles.
New salvo from activist investor turns up heat on Nestle
LONDON (Reuters) – Nestle faces greater pressure to speed up change after activist investor Third Point stepped up its criticism of the world’s largest food company.
Tesla hits 5,000 Model 3 production target
(Reuters) – Tesla Inc produced 5,031 Model 3 electric cars in the last seven days of its second quarter, the company said on Monday, beating its long-elusive production target after several hiccups.
EU warns U.S. of boomerang effect if Trump imposes car levies
BRUSSELS (Reuters) – The European Union has warned the United States that imposing import tariffs on cars and car parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on $294 billion of U.S. exports.
Dell to buy out VMware tracking stock in move to go public again
(Reuters) – Dell Technologies Inc said on Monday it would buy the tracking stock of VMware Inc in a cash and stock deal, taking a step closer to a return to the public market and ending a months-long review of its business.
Report of Trump bill rejecting WTO seen by trade experts as hot air
GENEVA (Reuters) – U.S. President Donald Trump has ordered the drafting of legislation that would mean abandoning key disciplines agreed at the World Trade Organization, Axios news website reported late on Sunday, to a skeptical response from trade exp…
Nestle faces pressure to hasten change after new Third Point letter
LONDON (Reuters) – Nestle faces greater pressure to speed up change after activist investor Third Point stepped up its criticism of the world’s largest food company.
