VW brand September sales hit record on strong demand in China, Americas
BERLIN (Reuters) – Volkswagen on Friday reported the highest-ever September sales result for its core namesake brand, with global registrations up 8 percent year-on-year to 593,700 vehicles.
Costco steps up grocery battle with new delivery services
(Reuters) – Shares in Costco fell more than 4 percent in premarket trading on Friday after the retailer reported a decline in quarterly gross margins and underlined the growing competition in the industry by launching new delivery services.
Summit Materials makes $3.8 billion bid for Ash Grove Cement: source
LONDON (Reuters) – U.S. cement maker Summit Materials has made a $3.8 billion offer for rival Ash Grove Cement , a source familiar with the matter told Reuters, hoping to trump an earlier takeover bid from Irish building materials firm CRH Plc .
Exclusive: Toyota plans to build new Auris in UK on assumption of Brexit transition deal
LONDON (Reuters) – Japanese carmaker Toyota intends to build the next version of its Auris car at its British car plant on the assumption that the government secures a transitional Brexit deal, two sources familiar with the matter told Reuters.
Tax-cut plan prompts fund managers to bet on automation
NEW YORK (Reuters) – The Trump administration’s plan to cut corporate taxes may add more fuel to the already hot rally in the shares of automation companies.
Exclusive: Toyota set to build new Auris in UK on assumption of Brexit transition – sources
LONDON (Reuters) – Japanese carmaker Toyota intends to build its next generation Auris car at its British car plant on the assumption that the government will secure a transitional Brexit deal, two sources familiar with the matter told Reuters.
Ford delays Fiesta recall in China due to spare part issues: media
BEIJING (Reuters) – Ford Motor Co has postponed a planned recall of its Fiesta ST cars in China, the world’s top auto market, due to delays in the delivery of spare parts for repairs, state media Xinhua reported on Friday.
Dollar gains as Europe struggles with Spain pains
LONDON (Reuters) – World stocks fell for the first time in eight days on Friday, as jitters about Catalonia’s push to separate from Spain returned to Europe and bets on higher U.S. interest rates sent the dollar to its highest since mid August.
South Africa’s central bank denies directing banks on KPMG ties
JOHANNESBURG (Reuters) – South Africa’s central bank said on Friday it had not given banks any instructions on their relationships with KPMG as a result of a scandal involving the auditing firm.
Renault to rely on low-cost and electric cars to boost sales
PARIS (Reuters) – French carmaker Renault expects a first-mover edge in electric cars and a wider vehicle line-up for emerging markets to help it deliver a 44 percent sales increase by 2022.
