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EU antitrust regulators to probe Boeing, Embraer deal

EU antitrust regulators opened on Friday a full-scale investigation into Boeing’s bid for a controlling stake in Embraer’s commercial aircraft arm, saying the deal may reduce competition and push up prices. The European Commission said the deal would remove world No. 3 player Embraer from the commercial aircraft industry while potential rivals from China, Japan and Russia would be unable to fill the gap in the next decade because of the high barriers to entry. The deal would also remove Embraer from the overall single aisle plane market. …read more […]

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EU antitrust regulators to probe Boeing, Embraer deal

EU antitrust regulators opened on Friday a full-scale investigation into Boeing’s bid for a controlling stake in Embraer’s commercial aircraft arm, saying the deal may reduce competition and push up prices. The European Commission said the deal would remove world No. 3 player Embraer from the commercial aircraft industry while potential rivals from China, Japan and Russia would be unable to fill the gap in the next decade because of the high barriers to entry. The deal would also remove Embraer from the overall single aisle plane market. …read more […]

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U.S. NHTSA reviewing claims 2,000 Tesla vehicles should have been recalled

The U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday it is reviewing a defect petition that claims Tesla Inc failed to issue a recall when it issued a software upgrade in 2,000 Model S and Model X vehicles in May. NHTSA said Friday it had opened a formal review to evaluate the petition’s claims. Tesla did not immediately respond to requests for comment. …read more […]

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UPDATE 1-U.S. NHTSA reviewing claims 2,000 Tesla vehicles should have been recalled

The U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday it is reviewing a defect petition that claims Tesla Inc failed to issue a recall when it issued a software upgrade in 2,000 Model S and Model X vehicles in May. NHTSA said Friday it had opened a formal review to evaluate the petition’s claims. Tesla did not immediately respond to requests for comment. …read more […]

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Business News

U.S. Supreme Court takes up fight over $7.5 billion natural gas pipeline

The U.S. Supreme Court on Friday agreed to hear an appeal by Dominion Energy Inc and President Donald Trump’s administration of a lower court ruling that halted construction on a $7.5 billion natural gas pipeline due to run underneath a section of the popular Appalachian Trail in rural Virginia.

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U.S. airlines grapple with 'unfair tax' that adds to aircraft supply disruption

WASHINGTON/CHICAGO (Reuters) – U.S. airlines are scrambling to digest a new 10% tariff on European-made Airbus planes that threaten additional havoc in an aircraft supply market already reeling from frozen deliveries of Boeing Co’s 737 MAX. The tariff on Airbus planes creates uncertainty for aircraft delivery terms much like the global grounding of Boeing’s 737 MAX in March after two fatal crashes and comes at a time of threats to international air travel demand in the midst of slowing global economic growth and trade disputes. …read more […]