Business & Finance News
Tesla Inc missed its weekly Model 3 production target on Tuesday and said it was facing a 40 percent import tariff in China due to the ongoing U.S-China trade war.
U.S. stocks were set to open lower on Tuesday after anti-euro comments from an Italian lawmaker reignited investor worries over a euro zone breakup, while relief from a reworked NAFTA deal faded.
U.S. grocer Kroger Co said on Tuesday it is exploring a partnership with Walgreens Boots Alliance Inc to allow its customers order online and pick up groceries at some of the drug retailer’s stores.
Tesla Inc produced 53,239 of its Model 3 sedans in the third quarter and delivered 55,840 of the vehicles to customers, the company said on Tuesday.
Stocks fell worldwide and European assets sold off on Tuesday after anti-euro comments from an Italian lawmaker dented the single currency and sent Italy’s bond yields to multi-year highs.
PepsiCo Inc posted stronger-than-expected profit on Tuesday, boosted by beverage sales in North America that rose after a year of declines and as investments in marketing and developing new products for emerging markets paid off.
Ryanair’s Chief Marketing Officer Kenny Jacobs on Tuesday said the company was working to reach deals with European trade unions by Christmas and get them implemented next year.
The euro fell to a six-week low on Tuesday after a senior lawmaker in one of Italy’s ruling parties said most of the country’s problems would be resolved if it readopted a national currency, triggering a broad market sell-off.
U.S. stock futures pointed to a lower open on Tuesday after anti-euro comments from an Italian lawmaker reignited investor worries over a euro zone breakup and relief from a reworked NAFTA deal faded.
Carlos Ghosn, head of the world’s largest automotive alliance by sales, gets a lot of questions about who could replace him, and at the Paris auto show on Tuesday he used a fresh way to postpone an answer.
The technology sector appears to be doing just fine on Wall Street a week after it lost two of its highest-profile components to a newly christened communication services group.
Toyota, Nissan and Mazda welcomed on Tuesday the revised North America trade deal that left Japanese automakers unscathed but they may face a bumpy ride when Washington and Tokyo hold new talks on over $40 billion of annual U.S. auto imports from Japan.
Germany welcomes a trade agreement between the United States, Canada and Mexico, a spokeswoman for the German foreign ministry said on Tuesday.
Volkswagen is not prepared to cover the full cost of hardware retrofits for older diesel vehicles in Germany, a source at Volkswagen said, contradicting a deal announced by the German coalition parties on Tuesday.
German carmaker Volkswagen has agreed to help with hardware retrofits for diesel cars but some details still need to be discussed while BMW has refused such retrofits, German Transport Minister Andreas Scheuer said on Tuesday.
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