Tesla shares skid as Model 3 production hits rough patch
(Reuters) – Shares in Tesla Inc fell 2.5 percent on Tuesday after the luxury electric vehicle maker said the planned ramp-up of its Model 3 mass-market sedan faced production bottlenecks.
EU to reform sales tax, end appeal of low-rate states in blow to Amazon
STRASBOURG (Reuters) – The European Commission will propose on Wednesday changes to the way sales taxes are levied in the European Union with the aim of tackling fraud and curbing firms’ excessive tax-planning, a move that could hit U.S. online retaile…
S&P, Dow open at record highs for second straight day
(Reuters) – The S&P and the Dow opened at record highs for the second straight day on Tuesday with gains across sectors as investors looked ahead to the upcoming earnings season.
Exclusive: One Ford, two systems – U.S. carmaker revamps China strategy amid EV push
BEIJING/DETROIT (Reuters) – U.S. automaker Ford Motor Co is overhauling its China plans as its global “One Ford” strategy is holding it back in the world’s biggest auto market, two high-ranking company insiders told Reuters.
Homebuilder Lennar’s profit beats on higher home sales, prices
(Reuters) – Lennar Corp , the No.2 U.S. homebuilder, reported a higher-than-expected quarterly profit on Tuesday as it sold more homes at higher prices, underscoring the strength in demand for housing in the United States.
Tesla shares fall on warning of Model 3 bottleneck
(Reuters) – Shares in Tesla Inc were down 2 percent in trading before the bell on Tuesday after the luxury electric vehicle maker said its planned ramp-up for the new Model 3 mass-market sedan faced production bottlenecks.
Berkshire Hathaway invests in truck stop operator Pilot Flying J
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Tuesday said it is buying a 38.6 percent stake in Pilot Flying J, one of the largest U.S. operators of truck stops, and will eventually take a controlling stake.
Fiat Chrysler recalls 646,394 SUVs for brake issue
(Reuters) – FCA US LLC, Fiat Chrysler Automobiles NV’s U.S. arm, said it was voluntarily recalling about 646,394 SUVs in the United States to check shields that protect brake boosters for proper installation.
South African regulator to fast-track KPMG investigation
CAPE TOWN (Reuters) – South Africa’s audit regulator will fast-track an investigation into global auditor KPMG over work done for business friends of President Jacob Zuma, the regulator’s chief executive told lawmakers on Tuesday.
Monarch boss ‘absolutely devastated’ after airline’s sudden collapse
LONDON (Reuters) – The boss of Monarch Airlines said he was “absolutely devastated” by the failure of Britain’s fifth largest carrier which wrecked the holiday plans of hundreds of thousands of tourists and left most of its staff out of work.
