The U.S. auto industry has gone at great lengths to to convince the Trump administration of the importance of NAFTA for the industry. In fact, in October 2017 major auto dealers, automakers and suppliers had launched a coalition to back… Read More ›
Creativity
Hyundai Motor Co gets reprieve following a tentative wage deal with labor union
The development will allow Hyundai Motor to get back on its feet after a sales slump in 2017. On Tuesday, Hyundai Motor Co’s labor union disclosed that its members have agreed to a tentative deal in wages with its management…. Read More ›
Japan’s SoftBank Group aims to sell its Japanese wireless business to raise at least $18 billion
The SoftBank Group’s proposed $18 billion (2 trillion yen) IPO would mark it as one of the biggest listings by a Japanese company. On Monday, the SoftBank Group Corp disclosed, it is considering an IPO for its Japanese wireless business… Read More ›
Ford to invest $11 billion in next generation car lineup by 2022
With countries, including France, India, UK and China pledging to phase out fossil fuel and combustion engined powered vehicles between 2030 and 2040, carmakers are increasingly focussing their future lineup to tap these big markets. At the Detroit auto show,… Read More ›
S&P Dow Jones and MSCI to update classification system to include tech giants Alphabet, FB, Netflix and others
The update in the classification system is likely to impact investors who track index and ETFs. The MSCI and the S&P Dow Jones Indices have stated that they would overhaul their Telecommunication Services Sector and add Alphabet, Comcast Corp, Facebook… Read More ›
Fiat Chrysler Automobiles to shift production of its Ram heavy duty pickup trucks to Warren, Michigan, from Mexico
While FCA plans on boosting the output of its Mexican plant in 2018 & 2019, in 2020 having shifted the production of its Ram heavy duty pickup trucks, it plans on reconditioning the plant to produce a yet to be… Read More ›
Sherpa and ActionAid-Peuples drag Samsung Electronics to court over deceptive marketing practices in France
The complaint comes in the wake of France adopting a law which states that MNCs that sell their products in the country must respect the human rights of its employees as well as their work environment. On Thursday, two rights… Read More ›
South Korea planning to ban cryptocurrency exchanges in the country
The move has widespread geo-political and geo-economic implications, including for its neighbor North Korea which is increasingly banking on such currencies to flush its economy with cash. On Thursday, South Korea’s Justice Minister disclosed that it is preparing a law… Read More ›
Italy and Iran set to sign investment accord on Thursday
Clamped down by U.S. led economic sanctions, Iran remains an untapped and politically volatile market. Iran and Italy are set to sign a framework for credit agreement worth 5.0 billion euros on Thursday which will facilitate investments by Italian companies… Read More ›
China to place an order for 184 A320 narrow-body jets from Airbus: French President Emmanuel Macron
Although a formal deal is yet to be signed, Chinese President Xi Jinping has confirmed the placement of the order. On Wednesday, French President Emmanuel Macron disclosed that the purchase of 184 A320 narrow-body jets from Airbus by China is… Read More ›
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