One of the major aims of United States President Donald Trump imposing import tariffs on multiple products – and heavily on China, was to reduce the trade deficit that the US had with its trading partners. However, according to the… Read More ›
Month: November 2018
VW will increase heat on Tesla with its EV factory in North America
With the entry of Europe’s largest carmaker in the United States, the electric vehicle segment in the country is set to heat up. In a strategic development, Scott Keogh, the newly appointed CEO of Volkswagen Group of America stated, Volkswagen… Read More ›
Trump Administration examining options on raising import tariffs on Chinese automobiles
The development comes just days before U.S. President Donald Trump is set to meet his Chinese counterpart in Buenos Aires. The outcome of the meet could either ease or worsen the growing trade war. Robert Lighthizer, the U.S. Trade Representative,… Read More ›
Saudi Arabia seals $15 billion THAAD deal with U.S. Government
The Trump Administration played the Iran card saying the deal would protect against “.. growing ballistic missile threat from the Iranian regime and Iran-backed extremist groups.” According to a spokesman from the U.S. Department of State, Saudi Arabia will purchase… Read More ›
Brexit Deal Will Negatively Impact UK Economy, Says Theresa May Government
It has now been officially announced that the British economy would be hit by Brexit, the exit of Britain from the European Union. The economic fallout related to a number of Brexit scenarios have been published by government. All of… Read More ›
Reports Of 70% Drop In Tesla’s China Sales Is ‘Misleading Information’: WM Motor CEO
According to media reports citing, one should not dwell too deep into reports about Tesla selling just 211 cars in China last month. According to reports published on Tuesday, there had been a drop of 70 per cent in the… Read More ›
BMW mulling building a second manufacturing plant in the U.S.
U.S. President Donald Trump has threatened to impose tariffs on cars imported to the U.S. In a strategic development, BMW stated, it is considering to build a second U.S. manufacturing plant which could produce transmissions and engines, said Harald Krueger,… Read More ›
Oshkosh Corp wins $1.7 defense contract
The contract is a modification of an existing U.S. defense contract to exercise options for 6,107 vehicles and 22,166 kits. The Pentagon has stated, Oshkosh Corp has been awarded a $1.7 billion defense contract which is a modification to a… Read More ›
Deutsche Bank AG mulling high-level shakeup
Sylvie Matherat, Deutsche’s chief regulatory officer and a potential departee, has expressed concerns regarding constraints on improving financial-crime controls and mending the bank’s relationships with regulators. As per a report from the Wall Street Journal, Deutsche Bank AG is mulling… Read More ›
Airbus could potentially unveil the A321XLR in 2019
With Airbus already having an edge in the single-aisle long range market, the potential launch of an even longer range jet is likely to result in significantly upping the pressure on its competitor Boeing Co. Guillaume Faury, the incoming chief… Read More ›
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