Volkswagen flaunts supercars at Geneva auto show
GENEVA (Reuters) – Bugatti unveiled the world’s fastest road car at the Geneva auto show this week: the 2.4 million euro ($2.6 million) Chiron with a 1,500 horsepower engine that can hit 420 kilometers per hour.
Mercedes, Opel say tighter EU border controls could hit production
GENEVA (Reuters) – The auto industry’s lean manufacturing system is extremely vulnerable to any tightening of Europe’s border controls in the wake of the refugee crisis, the chief executives of Opel and Daimler said on Tuesday.
United Tech keeps to solo path as Honeywell drops bid
(Reuters) – Aircraft parts maker Honeywell International Inc said Tuesday it scrapped its $90.7 billion offer to buy rival United Technologies Corp , citing the company’s unwillingness to engage in negotiations.
Volkswagen says UK car sales to fall in first quarter, signs of recovery ahead
GENEVA (Reuters) – Sales of Volkswagen-branded cars in Britain will fall in the first quarter, hit by the diesel emissions scandal, but strong orders mean there are signs the carmaker is bouncing back, its UK managing director said on Tuesday.
Former wealth management executive joins Digital Asset Board
NEW YORK (Reuters) – Digital Asset Holdings LLC, a New York-based startup focused on blockchain technology in the financial services industry, said on Tuesday that Sallie Krawcheck, former head of Bank of America Wealth Management, has joined the compa…
Factory activity slows worldwide in February despite price discounting
LONDON/SYDNEY (Reuters) – World manufacturing sector growth stagnated in February as falling prices failed to stimulate new orders, pushing factories to trim workforces, and dealing a blow to policymakers who are struggling to stimulate their economies…
Ford says Texas truck sales robust despite low oil prices
DETROIT (Reuters) – Ford Motor Co U.S. sales chief Mark LaNeve said on Tuesday that pickup truck sales in Texas have been robust despite the drop in oil prices.
Barclays to exit Africa in ‘transatlantic’ makeover
LONDON (Reuters) – Barclays Plc will sell its Africa business as part of a plan by new Chief Executive Jes Staley to simplify the bank’s structure and seek higher shareholder returns, it said after reporting a 2 percent profit drop and slashing its div…
Kate Spade aces holiday quarter with same-store sales beat
(Reuters) – Kate Spade & Co reported better-than-expected quarterly sales at established stores, driven by demand for its top-of-the-range kate spade new york handbags and accessories.
Russia’s Putin says Russian oil firms agree not to increase oil output in 2016
MOSCOW (Reuters) – Russian oil companies have agreed not to increase oil production this year following preliminary deal between Russia, Saudi Arabia, Qatar and Venezuela reached last month, President Vladimir Putin told a meeting with the country’s to…
