Major automakers urge Trump administration: don’t ditch NAFTA
DETROIT (Reuters) – Global automakers on Monday urged the Trump administration not to terminate the North American Free Trade Agreement and expressed hope the United States, Canada and Mexico can successfully conclude a modernized and improved trade pa…
Fiat Chrysler CEO says no plans to sell brands to Chinese
DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCA) has no intention of breaking up the company or selling individual brands to China or other parties, the company’s chief executive said on Monday, adding that the group was counting on its covet…
Oil hovers near three-year high despite rising U.S. output
CALGARY, Alberta (Reuters) – Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of a “red flag” due to surging U.S. production.
Lawsuit in U.S. accuses nine banks of rigging Canadian rate benchmark
NEW YORK/TORONTO (Reuters) – Nine large banks, including six from Canada, have been accused in a lawsuit of conspiring to rig a Canadian rate benchmark to improve profits from derivatives trading.
Fiat Chrysler boss says no plans to break up company
DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s CEO has no intention of breaking up the company or selling off individual brands to China or any other parties, he said on Monday, adding the group was counting on its coveted Jeep brand to drive pro…
Bidder for the Weinstein Company says bankruptcy may be best option
(Reuters) – Killer Content Inc, the movie producer that has partnered with philanthropist Abigail Disney in a consortium vying to acquire the Weinstein Company, said on Monday that a bankruptcy may be the best way forward for the U.S. film and TV studi…
Game of chicken: GM bets on Mexican-made pickup trucks
SILAO, Mexico/DETROIT (Reuters) – General Motors Co’s assembly plant in Silao, a city in Mexico’s automotive heartland, cranked out more than 400,000 highly profitable, large pickup trucks last year, and is critical to the launch of a new generation o…
Ryanair wants to buy parts of Austrian airline Niki
VIENNA (Reuters) – Irish airline Ryanair said on Monday it had contacted the Austrian administrator of insolvent holiday airline Niki to express its interest in buying some of its assets.
Oil hovers around $70, clouded by rise in U.S. output
CALGARY, Alberta (Reuters) – Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of “red flags” due to surging U.S. production.
U.S. automakers bet on diesel trucks after VW scandal
DETROIT (Reuters) – U.S. automakers are unveiling new diesel pickup trucks even as diesel sales have fallen sharply since Volkswagen AG’s 2015 diesel emissions scandal.
