U.S. charges Volkswagen executive with fraud over emissions scandal
MIAMI/DETROIT (Reuters) – Volkswagen AG suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company’s diesel emissions cheating and the automaker was accused of concealing the cheating f…
Auto executives, with eye on Trump, highlight U.S. investments
DETROIT (Reuters) – Global auto executives at the Detroit auto show are highlighting their investments in the United States, mindful of President-elect Donald Trump’s attacks on automakers for building vehicles in Mexico.
Two faces of GM: Electric for the city, trucks for the heartland
DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra says often that the auto industry will change more during the next decade than it has in the past half-century, as she highlights how GM will keep up.
Blackstone ends talks for $5 billion Energy Transfer stake: Bloomberg
(Reuters) – Private-equity firm Blackstone Group LP is no longer looking at buying a $5 billion stake in Energy Transfer Partners , Bloomberg reported on Monday, citing people familiar with the matter.
Fiat Chrysler may end Mexico output if Trump tariff too high: CEO
DETROIT (Reuters) – Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said on Monday that if tariffs set in a Trump administration on vehicles made in Mexico and imported to the United States are too high, the company may end Mexican produc…
Mars to buy pet healthcare provider VCA for $7.7 billion
(Reuters) – Candy and pet food conglomerate Mars Inc is buying veterinary hospital operator VCA Inc for $7.7 billion in a deal that will give the maker of Pedigree pet food an even bigger share of the $4 billion global pet healthcare market.
Mercedes-Benz overtakes BMW to become largest premium carmaker
STUTTGART, Germany (Reuters) – Mercedes-Benz sales overtook BMW last year for the first time in more than a decade, a feat achieved, ironically, only after parent company Daimler stopped chasing market share and focused on making stylish high-tech ca…
Bitcoin exchange operator pleads guilty in U.S. case tied to JPMorgan hack
NEW YORK (Reuters) – A Florida man pleaded guilty on Monday to charges that he conspired to operate an illegal bitcoin exchange, which prosecutors said was owned by an Israeli who oversaw a massive scheme to hack companies, including JPMorgan Chase & Co.
Trump praises Ford, Fiat Chrysler for U.S. investments
DETROIT (Reuters) – President-elect Donald Trump praised Ford Motor Co and Fiat Chrysler Automobiles NV on Monday for announcing new investments in the United States after he made U.S. auto production a key part of his campaign.
Fed’s Rosengren calls for faster interest rate hikes
HARTFORD, Conn. (Reuters) – Boston Fed President Eric Rosengren on Monday called for the U.S. central bank to step up its pace of interest rate increases from the once-a-year pattern it has pursued since 2015, warning of inflation risks if it does not….
