GM to build Opel SUV, invest 500 million euro in engine plants
FRANKFURT (Reuters) – General Motors will build a sports utility vehicle (SUV) at the Opel factory in Ruesselsheim, Germany, and invest 500 million euros ($626 million) in engine production in Europe, Chief Executive Mary Barra said on Thursday.
Euro zone consumer confidence falls in November
BRUSSELS (Reuters) – Euro zone consumer confidence defied market expectations of improvement and fell in November, a flash estimate from the European Commission showed on Thursday.
U.S. existing home sales hit one-year high in October
WASHINGTON (Reuters) – U.S. home resales jumped to their highest level in more than a year in October and outpaced the sales level a year ago for the first time in 2014, further evidence the housing market is on a recovery path.
U.S. jobless claims fall; continuing claims lowest since 2000
WASHINGTON, Nov 20 (Reuters) – The number of Americans filing new claims for unemployment benefits fell less than expected last week, but continued to point to strengthening labor market conditions.
Special Report: Plant with troubled past at center of Takata air bag probe
CIUDAD FRONTERA Mexico/DETROIT (Reuters) – The dusty, industrial town of Ciudad Frontera, Mexico, has moved from the far reaches of the global auto supply chain to the front lines of an investigation into why air bags from Takata Corp are blowing up wi…
Shares punctured by two-pronged slowdown in China, Europe
LONDON (Reuters) – World stocks extended losses on Thursday as evidence suggested both the Chinese and European economies were slowing, while the yen slid to multi-year lows against the dollar and euro on bets on more Japanese money printing.
Citi adds 600 positions in Northern Ireland jobs boost
BELFAST (Reuters) – U.S. bank Citi will hire 600 people in Belfast in one of the largest expansions by a multinational in Northern Ireland in recent years.
Alibaba to launch international version of Taobao marketplace
WUZHEN China (Reuters) – Jack Ma, the founder of China’s Alibaba Group Holding Ltd , said on Thursday the firm will set up an international version of its e-commerce marketplace Taobao to serve shoppers worldwide in multiple languages, including Englis…
Swiss banks asked to hand over more data in U.S. tax case: paper
ZURICH (Reuters) – The U.S. Department of Justice (DOJ) has requested more information from around 40 Swiss banks taking part in a program to make amends for possibly aiding tax evasion by wealthy Americans, a Swiss newspaper reported on Thursday.
Changan Auto sees sales to rise around 10 percent in 2015: executive
GUANGZHOU China (Reuters) – Chongqing Changan Automobile Co Ltd , the Chinese partner of Ford Motor Co , expects sales to reach 2.8 million units next year compared with about 2.55 million units forecast for 2014, its president Zhang Baolin said on Thu…
