Daimler cars unit invests to ramp up output to 3 million vehicles
FRANKFURT (Reuters) – Germany’ Daimler is in a push to boost production capacity as its Mercedes-Benz Cars unit eyes annual sales of 3 million vehicles, up from 2.4 million last year, an executive told weekly publication Automobilwoche.
U.S. probes air bag failures in deadly Hyundai, Kia car crashes
WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration said on Saturday it is opening a probe into why some air bags failed to deploy in Hyundai and Kia vehicles after crashes in which four people were reportedly killed and anot…
U.S. agency probing air bag failures after four deaths reported in Hyundai, Kia cars
WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration said on Saturday it is opening an investigation to determine why some air bags failed to deploy in crashes after four deaths were reported in Hyundai Motor Co and Kia Motors…
‘Exhausted’ Toys ‘R’ Us suppliers weigh options as huge retailer shuts
CHICAGO/NEW YORK (Reuters) – When Toys ‘R’ Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid for goods delivered to the company as it tried to emerge from Chapter 11.
Product exclusions from U.S. metals tariffs may take 90 days: document
WASHINGTON (Reuters) – Steel and aluminum users that depend on imported products not available from U.S. producers may have to wait up to 90 days for an exclusion from the Trump administration’s new metals tariffs, according to a Commerce Department do…
Wall Street’s tech love affair might end in tears
SAN FRANCISCO (Reuters) – Outsized returns delivered by Amazon.com , Netflix and other heavyweight technology stocks have made them heroes on Wall Street, but some strategists warn that investors’ reliance on them exacerbates the risk of a steep downt…
Product exclusions from U.S. tariffs may take 90 days: document
WASHINGTON (Reuters) – Steel and aluminum users that depend on imported products not available from U.S. producers may have to wait up to 90 days for an exclusion from the Trump administration’s new metals tariffs, according to a Commerce Department do…
Former Qualcomm chairman Jacobs to exit board of directors
(Reuters) – Qualcomm Inc on Friday said former executive chairman Paul Jacobs would not be renominated for the U.S. semiconductor company’s board after Jacobs disclosed his intention to pursue a long-shot acquisition of the firm.
Berkshire says median employee makes over half Buffett’s pay
(Reuters) – Berkshire Hathaway Inc on Friday said its median employee last year made a little over half the $100,000 salary that Chairman Warren Buffett was awarded for running the conglomerate that made him the world’s third-richest person.
Boeing moves to keep 777X on track after engine snag
SEATTLE (Reuters) – Boeing Co has scrambled to reorganize testing of its new 777X to avoid being delayed by engine snags, while robots and mechanics are starting work on the fuselage, the executive who heads efforts to build the world’s largest twin-e…
