Exclusive: Shell says has U.S. OK to export lightly processed oil
HOUSTON (Reuters) – Royal Dutch Shell Plc said on Tuesday it received U.S. approval to export a very light form of crude oil that has undergone minimal processing.
Special Report: Daihatsu dismantling ‘Toyota Way’ as market changes
IKEDA, Japan (Reuters) – When Daihatsu Motor Co launched the Mira e:S minicar in 2011, the Toyota affiliate thought it had found a model for emerging markets. The Mira e:S – e for eco, S for smart – was capable of going 30 kilometers on a liter of gasoline (72 mpg) for a sticker price of just 795,000 yen, or $6,637. And indeed, the car was a hit, super-charging Daihatsu’s earnings.
Detroit’s blue skies clouded by worries about fuel economy
DETROIT (Reuters) – Auto industry executives see nothing but blue skies in the U.S. market, especially compared with troubled Western European economies or slumping emerging markets.
Tesla to hike electric car output to ‘a few million’ by 2025
DETROIT (Reuters) – Tesla Motors Inc plans to boost production of electric cars to “at least a few million a year” by 2025 from fewer than 40,000 last year, Chief Executive Officer Elon Musk said Tuesday.
Fed’s Kocherlakota backs goal-based policy, wants more stimulus
NEW YORK (Reuters) – Proposed U.S. legislation that would force the Federal Reserve to adopt a rules-based approach to policy is flawed, a top Federal Reserve official said on Tuesday, arguing that a goal-oriented approach is better and would suggest m…
Wall St. ends down in volatile day; materials a drag
NEW YORK (Reuters) – U.S. stocks ended down slightly in a volatile session on Tuesday, led by a drop in materials and energy shares following further weakness in commodity prices.
Ford F-150 pickup launch on schedule, trucks selling in five days
DETROIT (Reuters) – Ford Motor Co product development chief Raj Nair said the launch of the new, aluminum-body F-150 pickup is on schedule, and the trucks are selling in an average of five days after hitting dealer showrooms.
Tesla CEO says China sales weak, promises Model X by third quarter
DETROIT (Reuters) – Tesla Motors Inc Chief Executive Elon Musk said on Tuesday that the electric luxury car maker’s sales in China were “unexpectedly weak” during the fourth quarter, but sought to assure an audience in Detroit the problems are being fi…
Oil fall could lead to capex collapse: DoubleLine’s Gundlach
NEW YORK (Reuters) – DoubleLine Capital’s Jeffrey Gundlach said on Tuesday there is a possibility of a “true collapse” in U.S. capital expenditures and hiring if the price of oil stays at its current level.
Fed’s Kocherlakota backs goal-based policy, wants more stimulus
NEW YORK (Reuters) – Proposed U.S. legislation that would force the Federal Reserve to adopt a rules-based approach to policy is flawed, a top Federal Reserve official said on Tuesday, arguing that a goal-oriented approach is better and would suggest m…
