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Business - Wal-Mart, General Motors reaffirm jobs long planned, Trump says thanks


Wal-Mart will add 10,000 jobs this year while GM announced $1 billion in investment that would create 1,500 U.S. jobs. Trump, who takes office on Friday, has repeatedly singled out and criticized U.S. companies across industries for not doing more to keep jobs in the United States and has put pressure on them to hire more U.S. workers.


Tuesday, January 17, 2017  22:45

Yahoo

Business - Ford expands Takata air bag recall, now affects three million vehicles


Ford Motor Co said on Thursday it will recall about 816,000 vehicles as it widened previous actions affecting models with Takata Corp air bags. The move brings the number of vehicles with Takata air bag inflators recalled around the world by Ford to 3 million, most of them in the United States and Canada. The fresh recall by Ford follows one on Monday by Honda Motor Co for about 1.3 million vehicles in the United States.


Thursday, January 12, 2017  16:34

Yahoo

Business - Hyundai Motor to boost U.S. investment as automakers respond to Trump


The Hyundai Motor Group said it plans to boost U.S. investment by 50 percent to $3.1 billion over five years and may build a new U.S. factory - the latest auto firm to announce fresh investment after threats from President-elect Donald Trump to tax imports. Trump has threatened to slap a 35 percent tax on vehicles imported from Mexico, criticizing foreign automakers from BMW to Toyota Motor Corp for building vehicles in Mexico for the U.S. market.


Tuesday, January 17, 2017  07:18

Yahoo

Business - Wal-Mart pledges to keep hiring pace in U.S. this year


The world`s largest retailer joined companies like General Motors Co and Amazon.com Inc , which have rushed to announce their plans to add U.S. jobs. Trump, who takes office on Friday, has repeatedly singled out and criticized U.S. companies across industries for not doing more to keep jobs in the United States.


Tuesday, January 17, 2017  17:59

Yahoo

World - Trump to take office with dismal ratings -- except on jobs


Donald Trump is poised to take office with the lowest approval ratings of any new president in recent history, but despite a chaotic transition, Americans trust the billionaire on one crucial point: jobs. Since the real estate developer`s White House win in November, companies have lined up to announce new factories or jobs in the United States, including air conditioning manufacturer Carrier, Japan`s SoftBank, Ford and Fiat Chrysler. Another major automaker, General Motors, pledged Tuesday to invest $1 billion in US manufacturing and create up to 5,000 jobs in coming years.


Tuesday, January 17, 2017  17:42

Yahoo

Business - General Motors says to invest additional $1 billion in U.S.


(Reuters) - General Motors Co said on Tuesday it would invest an additional $1 billion in its U.S. factories, moving some production from Mexico.


Tuesday, January 17, 2017  14:33

Yahoo

Business - GM`s Cadillac sees double-digit sales growth in China this year


General Motors Co`s Cadillac expects sales in China to continue growing at a double-digit rate this year, but at a slower pace than in 2016 when volumes saw a sharp spike after the brand opened its first dedicated factory in the country. Cadillac, relatively late to introduce local production in the world`s biggest auto market, is among a second wave of luxury car brands in China that seek to take market share from established brands such as BMW , Daimler`s Mercedes-Benz, and Volkswagen`s Audi. While it surpassed Toyota`s Lexus, which does not manufacture in China, in sales to become the fifth best-selling premium marque in the country last year, Cadillac still lags the German `Big Three` and No. 4 Jaguar Land Rover [TAMOJL.UL].


Tuesday, January 17, 2017  08:43

Yahoo

Business - General Motors to announce $1 billion in U.S. investment


General Motors Co will announce as early as Tuesday long-held plans to invest about $1 billion in its U.S. factories, following recent criticism of the company by President-elect Donald Trump, a person briefed on the matter told Reuters late on Monday. The largest U.S. automaker is making the decision for business and not political reasons, said the person, who asked not to be identified. The investment will help GM create or retain more than 1,000 jobs, while the automaker also plans to tout other efforts to boost U.S. employment, including adding engineers, the person added.


Tuesday, January 17, 2017  03:06

Yahoo

Business - GM`s Cadillac sees double digit sales growth in China this year


Cadillac, General Motors Co`s luxury brand, is predicting a double digit growth rate in China sales this year, the brand`s country chief Andreas Schaaf told Reuters on Tuesday. The brand - which opened its first dedicated factory in China last year, helping boost Cadillac sales in the country by 46 percent - expects China to become its top market in less than five years, Schaaf added. Cadillac and Ford`s Lincoln are among a second wave of luxury car brands in China, the world`s biggest auto market, that seek to take market share from established brands such as BMW , Daimler`s Mercedes-Benz, and Volkswagen`s Audi.


Tuesday, January 17, 2017  03:06

Yahoo

World - Renault to be probed over diesel emissions say French prosecutors


French investigators will probe Renault over suspected `cheating` in emissions tests of diesel motors, the Paris prosecutors office said Friday, causing shares in the automaker to fall sharply. Following a massive emissions scandal involving Germany`s Volkswagen, independent French experts found dangerously high levels of emissions from diesel engines of several carmakers, including Renault. Renault shares were trading 2.4 percent lower at 84.16 euros around 1110 GMT, having opened over one percent higher.


Friday, January 13, 2017  11:30

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