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Fiat Chrysler, Peugeot owner reach binding $50 billion merger deal
Fiat Chrysler and Peugeot maker PSA have reached a binding agreement over a roughly $50 billion merger that will reshape the global car industry.
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Fiat-PSA merger is good news for the car industry – France’s finance minister
Fiat Chrysler (FCA) and Peugeot maker PSA merger is good news for France, Europe and also for the car industry, France’s Finance Minister Bruno Le Maire told Reuters on Wednesday.
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Fiat Chrysler to meet unions Friday to discuss PSA merger deal
Fiat Chrysler will meet Italian trade unions in Turin on Friday to discuss the details of a merger deal with French rival PSA , the FIM-CISL union said on Wednesday.
Business News
Airbus headed for strong sales year despite trade woes: sales chief
Airbus will end the year with all major civil aircraft programs showing a book-to-bill ratio above 1, sales chief Christian Scherer said on Wednesday.
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Airbus headed for strong sales year despite trade woes: sales chief
Airbus will end the year with all major civil aircraft programs showing a book-to-bill ratio above 1, sales chief Christian Scherer said on Wednesday. In a year marked by trade tensions and U.S. tariffs, Airbus turned in a “very satisfactory” sales performance for 2019, Scherer said, adding that the aircraft tariffs nonetheless pose a “very serious problem for our clients”. The eventual development of a larger version of the A220 was “not a question of if, but when”, Scherer said, adding that it is not being considered at this stage. …read more […]
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U.S. finalizing rules to limit sensitive tech exports to China, others
The Trump administration is finalizing a set of narrow rules to limit exports of sophisticated technology to adversaries like China, a document seen by Reuters shows, in a boon to U.S. industry that feared a much tougher crackdown on sales abroad.
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Fiat Chrysler, Peugeot owner PSA agree binding merger in $50 billion deal
Fiat Chrysler (FCA) and Peugeot maker PSA said on Wednesday they had agreed on a binding merger in a $50 billion deal that will pave the way to the creation of the world’s fourth-largest car maker.
Business News
Oil skids as U.S. inventories pile up, but demand hopes stem bigger drop
Oil prices dropped on Wednesday after U.S. industry data showed a surprise build in crude inventories, but expectations for firmer demand next year kept losses in check.
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Google settles 'longstanding' tax dispute with Australia
Alphabet Inc’s Google has settled a “longstanding” tax dispute with Australia’s tax office, it said on Wednesday, after paying an extra A$481.5 million ($326.75 million) on top of its previous tax bill. The settlement comes after an audit that looked into the tech giant’s tax practices between 2008 and 2018, a Google spokeswoman said. In a separate statement, the Australian Taxation Office (ATO) said it has now netted A$1.25 billion after also settling tax disputes recently with other tech giants such as Microsoft, Apple and Facebook under the Multinational Anti-Avoidance Law (MAAL). …read more […]
Business News
Google settles ‘longstanding’ tax dispute with Australia
Alphabet Inc’s Google has settled a “longstanding” tax dispute with Australia’s tax office, it said on Wednesday, after paying an extra A$481.5 million ($326.75 million) on top of its previous tax bill.
Business News
Fiat Chrysler, Peugeot owner PSA agree binding merger deal
Fiat Chrysler and Peugeot maker PSA said on Wednesday they had agreed on a binding merger agreement, in a $50 billion deal that will pave the way to the creation of the world’s fourth-largest carmaker.
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Tesla Considers Cutting Price of China-Built Cars
Dec.18 — Tesla Inc. is considering cutting the price of its China-built Model 3 sedans by 20% or more next year, people familiar with the plans said. Emma O’Brien reports on “Bloomberg Daybreak: Middle East.” …read more […]
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Tesla considers cutting China-built Model 3 sedan prices next year: Bloomberg
U.S. electric vehicle maker Tesla Inc is considering cutting the prices of its China-built Model 3 sedans by 20% or more next year, Bloomberg reported on Wednesday, citing people familiar with the plans.
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U.S.-India business groups plan to lobby for dilution of India’s privacy bill: sources
Trade groups representing some of the world’s biggest firms plan to lobby U.S. officials and Indian lawmakers in a bid to dilute parts of an Indian privacy bill which could hurt businesses, three sources familiar with the plans told Reuters.
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Oil retreats after U.S. inventory rise, but demand hopes stem bigger drop
Oil prices fell on Wednesday after U.S. industry data showed a surprise build in crude inventories, but expectations for firmer demand next year prevented a bigger fall in prices.