General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce because of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles.
The incoming chief executive of Europe’s Airbus hinted on Monday at a decision next year on whether to launch the A321XLR, a longer-range version of its best-selling A321 single-aisle jet.
Wall Street bounced back on Monday as bargain hunters returned in force after last week’s sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers.
U.S. President Donald Trump demanded General Motors Co add a new product to replace a plant in Ohio that the company said it planned to close next year due to lagging small-car demand.
Cyber Monday was on track to bring in a record $7.8 billion in U.S. online sales, as millions of shoppers scoured for steep discounts on everything from Lego sets to big-screen TVs.
U.S. stocks rose on Monday, fueled by gains in retailer shares during a prime holiday shopping period, while European stocks rallied after signs that Italy was preparing to rework spending plans that have fueled tensions with the European Union.
U.S. President Donald Trump told the Wall Street Journal on Monday that General Motors Co should stop making cars in China and make them in the United States instead.
General Motors in Brazil will not announce plans to close plants outside North America “at this moment”, a representative for the company said on Monday.
U.S. President Donald Trump said on Monday he did not like General Motors Co’s [GM.N] announcement it would cut its North American workforce and slash production on slow-selling models.
Just four months after Apple Inc breached the $1 trillion mark, the iPhone maker has all but lost its lead as Wall Street’s most valuable company and is on the verge of being replaced by Microsoft Corp .
Wall Street rebounded on Monday as buyers returned in force after last week’s sell-off and expectations of a flurry of holiday cyber-spending drove up shares of online retailers.
Argentina is on the verge of signing a deal with the United States that would allow two-way trade of fresh beef for the first time in nearly two decades, the South American country’s international trade secretary, Marisa Bircher, said.
Standard Chartered Plc is considering simplifying its structure as it looks to curb costs across its networks from Zambia to Macau, Bloomberg reported https://bloom.bg/2P3jiBW on Monday, citing sources.
General Motors Co chief executive Mary Barra is set to meet with White House economic adviser Larry Kudlow on Monday, hours after the company announced plans to shutter five North American plants and slash thousands of jobs, two people briefed on the matter said.
General Motors Co’s plan to close three North American assembly plants and two transmission plants next year could affect nearly 6,000 workers, according to data on GM’s media website.
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