Nissan Motor Co. will have vehicles packed with autonomous driving technology by 2020 but whether people will be able to drive them on roads is up to government regulators, Chief Executive Carlos Ghosn …
Prospects for a step-change in global economic growth are better than they have been in many years, but much depends on solid evidence that an awful first quarter for the United States is far in the rear-view mirror. With Wall Street’s benchmark stock index near a record high and bond yields on the rise, the coming week is packed with important global data releases and policy minutes from three major
Honda on Friday unveiled a new model with an unusual sales pitch – fuel efficient, lots of cargo space and, by the way, no air bag inflators made by Takata, the Japanese supplier at the center of a global safety crisis that has rocked both companies. Over the past five years, recalls have ballooned to include 36 million vehicles fitted with potentially lethal Takata air bags, triggering a criminal investigation
Greece’s Prime Minister Alexis Tsipras had at one stage warned foreign creditors that Athens would not repay 750 million euros due to the IMF in May unless they provided it with immediate liquidity, the Kathimerini newspaper reported on Saturday. Athens ultimately made the May 12 payment by emptying an International Monetary Fund holding account. Citing European sources, the newspaper said Tsipras made the threat in a May 8 letter to
General Motors Co (GM.N) unveiled the sixth generation of its Chevrolet Camaro on Saturday, upping the ante as Detroit’s muscle cars enjoy a renaissance fueled by cheap oil. Chevrolet marketers staged the official debut of the redesigned Camaro on Belle Isle in downtown Detroit less than a year after Ford Motor Co (F.N) launched the latest version of its rival Mustang sports car. The Camaro, Mustang and Fiat Chrysler Automobiles’
The U.S. unit of carmaker Fiat Chrysler Automobiles (FCA)(FCHA.MI) (FCAU.N) has redeemed senior secured notes that mature in 2019 with a total face value of $2.875 billion, a filing with U.S. market regulator SEC showed. Fiat completed the buyout of its U.S. unit last year but needs to refinance all of Chrysler’s bonds and past credit agreements before it can gain full access to the unit’s cash. After this payment,
U.S. shares ended little changed on Friday, with the S&P 500 edging up to a record high for a second straight session after a ream of weak economic data. The S&P 500 gained 1.63 points, or 0.08 percent, …
The changes were disclosed in a regulatory filing detailing Berkshire’s U.S.-listed stock portfolio as of March 31. Berkshire also boosted its share stake in U.S. Bancorp, another large holding, while other portfolio managers adjusted their stakes in several companies. Berkshire bought $1.62 billion and sold $1.11 billion of equities overall.
The Federal Bureau of Investigation is probing the suspicious buyout bid for cosmetics company Avon Products Inc by purported acquirer PTG Capital Partners, an agency official said on Friday. The news …
China and the United States must work together to speed up progress on a bilateral investment treaty, China’s Foreign Minister Wang Yi said on Saturday. Wang, speaking at a joint news conference with U.S. …
