GM’s Cadillac expects China sales to jump 60 percent in 2017
GUANGZHOU/BEIJING (Reuters) – General Motors’ Cadillac luxury brand expects its China sales to surge 60 percent in 2017, faster than it had projected at the start of the year, on strong demand from younger buyers, the brand’s country chief said.
New $200,000 Tesla Roadster speeds in front of electric big-rig truck
HAWTHORNE, Calif. (Reuters) – Tesla Inc upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig’s trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest prod…
Asian shares up on U.S. tax, earnings hopes; Mueller report hits dollar
TOKYO (Reuters) – Asian shares rose firmly on Friday as strong U.S. earnings and a step forward in Congress on U.S. tax reform brightened the mood, even though investors noted that many hurdles remain to passage of a deal on tax cuts.
Daimler to invest $755 million in China for electric car, battery production: executive
GUANGZHOU/BEIJING (Reuters) – Germany’s Daimler AG plans to invest 5 billion yuan ($755 million) in China for factory capacity to manufacture electric cars and the batteries that power them, part of an effort to help its Mercedes-Benz and Smart brands…
Tesla unveils electric big-rig truck, sporty Roadster
HAWTHORNE, Calif. (Reuters) – Tesla Inc on Thursday unveiled a prototype electric big-rig truck that it will start producing in 2019, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company’s future …
Nissan to brief on improper inspection issue at 0730 GMT
TOKYO (Reuters) – Nissan Motor Co Ltd said it would hold a news conference on Friday to provide an update on the investigation into improper final inspection procedures – an issue that has led to the recall of 1.2 million vehicles in Japan.
Asian shares up on US tax, earnings hopes; Mueller report hits dollar
TOKYO (Reuters) – Asian shares rose firmly on Friday as strong U.S. earnings and a step forward in Congress on U.S. tax reform brightened the mood, even though investors noted that many hurdles remain to passage of a deal on tax cuts.
Toshiba says not in talks to with any company over PC unit sale
TOKYO (Reuters) – Toshiba Corp said on Friday it had not entered into talks with any company to sell its personal computer business, denying media reports that it was in negotiations to sell the unit to Taiwan’s Asustek Computer Inc.
Toyota to consider selling locally developed EVs in China
GUANGZHOU/BEIJING (Reuters) – Toyota Motor said it would consider selling locally designed and manufactured all-electric vehicle models in China, as it looks to expand its EV lineup and comply with Beijing’s upcoming new-energy vehicle (NEV) productio…
Gulf carriers may be in focus under foreign airline U.S. tax exemption cut
(Reuters) – A U.S. congressional proposal that would eliminate income tax exemptions for certain airlines could affect major Gulf carriers, potentially worsening an international spat between U.S. airlines and their Middle East rivals.
