Fiat Chrysler in tie-up talks with Renault: sources
MILAN/PARIS (Reuters) – Fiat Chrysler and Renault are in talks on a comprehensive global tie-up that could address some of the main weaknesses of both carmakers, two sources with knowledge…
Trump declares some auto imports pose national security threat
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday declared that some imported vehicles and parts pose a national security threat but delayed a decision for as long as six…
Ferrari sticks to FY targets after first quarter core profit up 14 percent
FILE PHOTO: The logo of Ferrari is seen on a sheet covering a car before a presentation at the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6,…
U.S. rejects Tesla bid for tariff exemption for Autopilot ‘brain’
WASHINGTON (Reuters) – U.S. trade officials rejected Tesla Inc’s bid for relief from President Donald Trump’s 25-percent tariffs on the Chinese-made Autopilot “brain” of its Model 3 and other electric…
Italy’s UniCredit to pay $1.3 billion to settle U.S. sanctions probe
(Reuters) – Italy’s top bank UniCredit SpA and two subsidiaries have agreed to pay $1.3 billion to U.S. authorities to settle probes of violations of U.S. sanctions on Iran and…
Auto giants battle used car dealers for Africa’s huge market
JOHANNESBURG/NAIROBI (Reuters) – At the edge of Nairobi’s Ngong Forest, thousands of used cars glitter in the hot sun on a dusty field, waiting for buyers. Imported from Japan or…
Nissan committee says facts point to legal violations by former chairman Ghosn
YOKOHAMA, Japan (Reuters) – An external committee reviewing governance at Nissan Motor Co said on Wednesday there were enough facts to suspect violations of laws and the private use of…
Wall Street powers world stocks; dollar up on Brexit woes
NEW YORK (Reuters) – Wall Street led global stocks higher on Thursday on the back of upbeat economic data, while the dollar rallied despite the Federal Reserve’s uber-dovish stance as…
Federal charges for former UAW vice president in corruption probe
WASHINGTON (Reuters) – U.S. prosecutors in Detroit on Monday charged a former high-ranking United Auto Workers official in charge of the union’s relations with Fiat Chrysler (FCA) of misusing funds…
GE explores stake sale in Enel renewables joint venture: sources
(Reuters) – General Electric Co is exploring a sale of its 50 percent stake in a renewable energy joint venture with Italy’s Enel SpA, the latest deal GE CEO Lawrence…