Ford to close oldest Brazil plant, exit South America truck biz
SAO PAULO/DETROIT (Reuters) – Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move…
High-margin pickup trucks drive GM profit, shares rise
DETROIT (Reuters) – General Motors Co on Wednesday reported a quarterly profit that exceeded Wall Street expectations, thanks to high-margin pickup trucks and small SUVs in the U.S. market and…
Caterpillar stock slides on profit miss, China sales forecast
(Reuters) – Caterpillar Inc on Monday missed quarterly earnings estimates, hurt by soft Chinese demand, higher manufacturing and freight costs, sending shares of the heavy machinery maker tumbling as much…
Overseas losses drag down Ford fourth-quarter results
DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday posted a lower operating fourth-quarter profit as losses in every global region except North America weighed on results. FILE PHOTO –…
GE drags premier U.S. corporate debt, which posts worst year since 2008
NEW YORK (Reuters) – The stock market’s gyrations have grabbed the year-end headlines, but another key financial market, investment-grade U.S. corporate debt, is turning in its worst yearly performance since…
Boeing CEO says hopeful U.S.-China on course to resolve trade dispute
FILE PHOTO – Dennis Muilenburg, CEO, Boeing speaks during a roundtable discussion on defense issues with U.S. President Donald Trump at Luke Air Force Base, Arizona, U.S., October 19, 2018.…
Brazil court blocks proposed Embraer-Boeing tie-up
The logo of Brazilian aviation company Embraer is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018.…
U.S. environmental agency says in talks with Volvo over emissions issue
STOCKHOLM (Reuters) – The U.S. Environmental Protection Agency said on Wednesday it has been in talks with Volvo over the last few weeks about an issue with catalytic converters causing…
Bombardier names Danny Di Perna as aerospace COO
(Reuters) – Bombardier Inc (BBDb.TO) on Wednesday appointed Danny Di Perna as its aerospace unit’s chief operating officer. The logo of Bombardier is seen during the Latin American Business Aviation…
GM has no projects underway with Lyft, CEO Barra says
DETROIT (Reuters) – General Motors Co (GM.N) Chief Executive Officer Mary Barra said on Tuesday the No. 1 U.S. automaker currently has no projects underway with ride-sharing company Lyft, in…