Peugeot CEO: All PSA vehicles will electrified by 2025
DETROIT (Reuters) – Peugeot SA Chief Executive Carlos Tavares said on Wednesday that by 2025 “the PSA Group will be 100 percent electrified,” and said the French automaker will use the know-how of former Opel engineers acquired from General Motors Co …
Intel: Problem in patches for Spectre, Meltdown extends to newer chips
(Reuters) – Data center computers with Intel Corp’s newer chips might reboot more often than normal because of problems with the patches issued to fix the so-called Spectre and Meltdown security flaws, the company said on Wednesday.
Trump says solar tariff decision coming soon, stakes huge for industry
LOS ANGELES/WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he would announce a decision soon on whether to slap tariffs on imported solar panels, and quipped that when countries dump subsidized panels in the United States, “Everybody goes out of business.”
Exclusive: Japan in driver’s seat for Indian bullet train deals
NEW DELHI/TOKYO (Reuters) – Japanese steel and engineering companies are in the driver’s seat to bag major supply contracts for a $17 billion Indian bullet train, several sources said, undermining a key component of Prime Minister Narendra Modi’s econo…
Asia stocks near record highs after Wall St. surge, dollar edges back
TOKYO (Reuters) – Asian stocks were near record highs on Thursday, with a rally by Wall Street supporting bullish investor sentiment, while the dollar pulled back from three-year lows as the euro’s recent rally lost steam.
Big portion of future GM electric vehicles for China market: executive
DETROIT (Reuters) – General Motors Co’s China unit will sell a “substantial portion” of the automaker’s future electric vehicles, GM China President Matt Tsien said on Wednesday.
Verizon says new U.S. tax law to increase fourth-quarter earnings
NEW YORK (Reuters) – Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion.
U.S. carmakers have a remedy for slower sales: pickups and more pickups
DETROIT (Reuters) – Overall U.S. new vehicle sales could fall for the second year in a row in 2018, but Detroit’s automakers are betting they can sell more high-margin pickup trucks and sport utilities to prop up profits.
Alcoa misses estimate as Brazil drought hits production
(Reuters) – Aluminum producer Alcoa Corp’s profit and revenue both missed market estimates for the fourth quarter as a drought in Brazil hit bauxite production and higher power prices in Spain boosted expenses, the company said on Wednesday.
Fed fines Taiwan’s Mega Bank $29 million for anti-money laundering failures
WASHINGTON (Reuters) – The U.S. Federal Reserve Board said on Wednesday it had fined Taiwan’s Mega International Commercial Bank Co. $29 million for anti-money laundering violations and required the company to improve its anti-money laundering oversigh…
