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BMW, Mercedes Become Latest Carmakers Caught in Trump Crossfire
BMW, Mercedes Become Latest Carmakers Caught in Trump Crossfire
The rhetoric overlooks that BMW AG, Daimler AG and Volkswagen AG operate some of their biggest factories in the world in southern U.S. states, and the impact that putting a stop to imports would have on the thousands of dealers who sell German vehicles.
Boeing factory
Stagnant US Equipment Orders Signal Pause in Investment
The figures on orders and shipments may raise concern that a pickup in first-quarter business investment was temporary.
electric car on charge
Electric Cars Soon Will Cost Less Than Gasoline Autos, Research Shows
Research from Bloomberg New Energy Finance indicates that falling battery costs will mean electric vehicles will be cheaper to buy in the U.S. and Europe as soon as 2025.
SolarWorld plant in Hillsboro, Ore.
SolarWorld Joins Case to Impose Duties on Cheap Imports
The case threatens to upend the American solar market and has drawn vociferous opposition from the industry’s leading trade group.
A promotional photo of a family taking a selfie with the DJI Spark drone.
A Drone You Can Launch from the Palm of Your Hand
In an effort to appeal to the broader consumer market, China’s DJI unveils $499 drone that lifts off from your hand.
Exxon Investors Amass to Back Climate Change Plan Board Opposes
Exxon Investors Amass to Back Climate Change Plan Board Opposes
The shareholder move seeks to push Exxon to publish an annual assessment on how the 2 degree Celsius global warming reduction target set by the Paris Agreement will affect its portfolio long term.
GM Accused in Lawsuit of Using VW-Like Defeat Devices
GM Accused in Lawsuit of Using VW-Like Defeat Devices 1
People who own or lease more than 705,000 GM Duramax diesel trucks filed a class-action lawsuit on May 25, claiming GM installed multiple such devices in two models of heavy-duty trucks from 2011 to 2016.
Shipping container
Merchandise Trade Gap, Inventories May Weigh on US Growth
A wider gap in merchandise trade that persists would limit any rebound in economic growth this quarter after a slowdown at the start of 2017.
Mark Fields
Ford's Fields May Walk Away With $57.5 Million After Ouster
The largest portion of former Ford CEO Mark Fields’ payout is in unvested stock awards, valued at $29.4 million as of Wednesday’s close.
GE's Immelt Casts Doubt on Ability to Hit Trian's Profit Goals
GE's Immelt Casts Doubt on Ability to Hit Trian's Profit Goals
​Trian, one of GE’s largest shareholders, has called on Immelt to reduce costs and improve operations. GE said it would cut management bonuses if it fails to meet certain financial goals.
Renewable Energy Powers Jobs for Almost 10 Million People
Renewable Energy Powers Jobs for Almost 10 Million People
Renewables jobs could total 24 million in 2030, as more countries take steps to combat climate change according to the International Renewable Energy Agency.
Li Shufu of Zhejiang Geely Holding Group
Chinese Billionaire Adds Proton, Lotus to Expanding Auto Empire
Zhejiang Geely Holding Group, which also owns the upscale Sweden-based Volvo Cars, announced Wednesday that it will buy 49.9% of Proton and a 51% stake in Lotus Cars.
SpaceX Technician Says Concerns About Tests Got Him Fired
Former SpaceX technician Jason Blasdell alleges that his managers pressured technicians to deviate from written test procedures and to sign off on tests of rocket parts that hadn’t been conducted according to protocols.
US Sues Fiat Chrysler for Diesel Emissions Violations
US Sues Fiat Chrysler for Diesel Emissions Violations
The EPA alleges that nearly 104,000 vehicles with 3.0 liter EcoDiesel engines were equipped with software “defeat devices” that caused the vehicles’ emission control systems to perform differently, and less effectively, during certain normal driving conditions than on laboratory emissions tests.
 Toyota, Merck Join Ethereum Group to Build Blockchain Network
Toyota, Merck Join Ethereum Group to Build Blockchain Network
The companies joined the Enterprise Ethereum Alliance which is.trying to determine if shared databases recorded on the ethereum blockchain can cut costs by speeding up financial transactions or ensuring the efficiency of a supply chain.
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