U.S. senators seek to ensure Takata recall is completed
WASHINGTON (Reuters) – Two influential U.S. senators, worried about Takata Corp’s ability to complete its recall of potentially deadly air bag inflators, sought regulatory guidance on how to hold the Japanese company accountable if its U.S. subsidiary …
Ford provides clues to future vehicle plans in UAW pact
DETROIT (Reuters) – Ford Motor Co’s $9 billion investment plan for its U.S. operations includes two new products for a Michigan plant that will lose production of small cars, and U.S. production of a new Lincoln luxury sedan, a proposed four-year contr…
Canadian Pacific explores Norfolk Southern takeover
NEW YORK (Reuters) – Canadian Pacific Railway Ltd is exploring a potential acquisition of U.S. peer Norfolk Southern Corp , a person familiar with the matter said on Monday.
GM could face punitive damage claims in switch litigation
NEW YORK (Reuters) – General Motors Co may be liable for punitive damages in lawsuits it faces over an ignition switch problem that prompted the recall of millions of vehicles last year, a U.S. judge said on Monday.
Volkswagen moves to appease angry customers, workers
DETROIT/BERLIN (Reuters) – Volkswagen AG took new steps on Monday to appease U.S. customers and German union leaders unhappy with the company’s response to a sweeping emissions cheating scandal that claimed another high-profile executive.
Dish misses revenue estimates as more subscribers ditch pay-TV
(Reuters) – Dish Network Corp said its pay-TV subscriber losses accelerated and reported lower-than-expected quarterly revenue, reigniting questions around what the satellite-TV provider will do with its trove of wireless airwaves.
Turnaround expert Edward Breen gets the job as Dupont’s permanent CEO
(Reuters) – DuPont ‘s interim Chief Executive Edward Breen will keep his job permanently, setting the stage for the executive best known for the turnaround and breakup of Tyco International Plc to complete a wider overhaul of the chemicals and seed pro…
GE lands $2.6 billion deal to supply Indian railway
NEW DELHI (Reuters) – General Electric Co has won a $2.6 billion contract to supply India’s railways with 1000 diesel locomotives, as the state-owned network looks to foreign capital to help it modernize.
Ackman says Valeant likely to pay down debt in the next 18 months
(Reuters) – Bill Ackman, Valeant Pharmaceuticals International Inc’s third-largest shareholder, said the Canadian drugmaker will likely use its free cash flow to pay down debt in the next 18 months.
Target to start Black Friday deals five days early
CHICAGO (Reuters) – Target Corp said on Monday it will launch its Black Friday promotions five days early, with 10 days of deals on electronics, toys and apparel in stores and online starting Nov. 22.
