BMW China CEO sees margins narrowing, expects to beat market
GUANGZHOU China (Reuters) – BMW’s China head expects profit margins to narrow as the German premium automaker steps up localization to maintain double-digit growth amid slowing demand and tougher competition in the world’s biggest auto market.
With iceman on the way, U.S. plants and suppliers get ready
CHICAGO (Reuters) – U.S. Steel is stockpiling extra iron ore ahead of what could be another record-long freeze-up of the Great Lakes.
China factories stall; Japanese exports enjoy rare bounce
BEIJING (Reuters) – China’s factories looked to have hit an air pocket in November as a private survey showed output falling for the first time in six months, adding to concerns about slowing economic momentum and to the case for further policy easing …
Norwegian Air CEO rejects criticism of plan for U.S. budget airline
NEW YORK/SEATTLE (Reuters) – The chief executive of Norwegian Air Shuttle rejected arguments by U.S. airlines and unions that his efforts to build a low-cost, long-haul airline serving the United States would undermine U.S. wages and working standards….
JetBlue to charge for checked bags in new airfare class
(Reuters) – JetBlue Airways Corp announced new checked baggage fees on Wednesday and plans to stuff more seats into its aircraft, prompting praise from Wall Street, but a chorus of criticism from consumers.
U.S. senators raise possibility of sixth death linked to Takata air bags
DETROIT (Reuters) – Two senators on Wednesday raised the possibility of a sixth fatality linked to Takata Corp air bags, as they announced a news conference to introduce the sister of someone who died in an Arizona accident in 2003.
Wall Street edges lower as Fed minutes offer few clues on rates
NEW YORK (Reuters) – U.S. stocks edged lower on Wednesday as minutes from the most recent Federal Reserve meeting gave investors few new clues as to when U.S. interest rates may rise.
Fed focused on sunny side, downplayed global woes in October
WASHINGTON (Reuters) – The U.S. Federal Reserve wrestled with whether to nod to financial market volatility and a weakening global economy in its policy statement last month, but opted not to out of worry it could send an unwarranted signal of pessimis…
Fiat expects new crossover to outsell 500 microcar in U.S.
(Reuters) – Fiat Chrysler Automobiles NV expects its yet-to-be launched Fiat 500X crossover sport utility vehicle to be even more popular in North America than its 500 microcar, senior executives said on Wednesday.
U.S. senators raise possibility of sixth death linked to Takata air bags
DETROIT (Reuters) – Two senators on Wednesday raised the possibility of a sixth fatality linked to Takata Corp air bags, as they announced a news conference to introduce the sister of someone who died in an Arizona accident in 2003.
