General Motors to face trial over recalled ignition switch
NEW YORK (Reuters) – General Motors is set to go to trial Monday in a lawsuit over its 2014 recall of millions of vehicles for a faulty ignition switch linked to nearly 400 injuries and deaths.
VW CEO says new catalytic converter could fix U.S. cars
DETROIT (Reuters) – Volkswagen AG will propose to U.S. authorities a new catalytic converter system that could be fitted to about 430,000 cars capable of cheating diesel emissions tests, Chief Executive Matthias Mueller said on Sunday.
Daimler sees continued China growth momentum for Mercedes
DETROIT (Reuters) – Daimler AG’s Mercedes-Benz luxury brand will continue to enjoy growth in China, the world’s largest auto market, Daimler board member Hubertus Troska said on Sunday.
GM’s CEO Barra says she believes in growing China market
DETROIT (Reuters) – General Motors Co Chief Executive Officer Mary Barra said that although growth in the Chinese auto market has slowed, sales will grow significantly over the long term.
Kohl’s exploring taking itself private: WSJ
NEW YORK (Reuters) – Beleaguered department store Kohl’s Corp is said to be debating whether to take itself private, according to a source cited by the Wall Street Journal on Sunday.
Wall Street faces profit recession as earnings season begins
NEW YORK (Reuters) – Wall Street’s fourth-quarter earnings season that gets under way next week could confirm something many investors may not want to hear: the U.S. economy may be doing well but corporate profits are in a recession.
How the oil collapse stole Russia’s Christmas
LONDON/MOSCOW (Reuters) – A plunge in the oil price to 12-year lows during Russia’s New Year and Orthodox Christmas break means the country returns to work on Monday with its economic recovery and once-mighty savings war chest on the line.
Ever so slowly, the euro zone economy awakes
LONDON (Reuters) – Moribund. Decrepit. Sclerotic. Popular words to describe the economy shared by the 19 countries of the euro zone – but perhaps no longer apt.
EU starts on tricky path towards relaxing China trade defense
BRUSSELS (Reuters) – The European Union will take the first step on Wednesday towards refashioning its trade ties with Beijing, torn over how to lower its defenses to avert Chinese retaliation while protecting key industries against a damaging flood of…
Asia trade deal puts honey exporter in sweet spot for Obama speech
WASHINGTON (Reuters) – The chief executive of a successful American exporter will have a prime spot on Tuesday night to watch President Barack Obama make the case in his final State of the Union address for a sweeping Asian trade deal he hopes will be …
