"Whirlpool has sought to use its dominant position in the marketplace to make demands that would have prohibited us from offering Whirlpool products to our members at a reasonable price,” Sears said in a memo.
General Motors has cut annual costs by more than $5 billion since the beginning of 2014, keeping profits up even as production and sales are down. The company also took $5.4 billion in charges related to the sale of Opel and Vauxhall.
While newer industry players have had trouble getting up to speed, GM has grown its Maven car-sharing business, planned 20 new electric models by 2023 and tested autonomous vehicles in several cities. Oh, and it might be able to mass produce self...
General Electric reported that adjusted profit decreased to 29 cents a share for the third quarter, falling well short of the 50-cent average of analysts’ estimates — the first time GE has missed estimates by more than half a cent in nine years.
Nissan will halt output for about two weeks at six plants that produce an average of 1,000 vehicles a day for the Japanese market, while it further investigates how unauthorized workers came to certify the quality of vehicles.