September2022
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The dollar lost a little of its strength
Sep 27, 2022The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the pound, though equity traders struggled to claw back recent losses owing to... -
Ford Motor Co announced a management shuffle and the streamlining of its product development and supply chain units
Sep 26, 2022Ford Motor Co on Thursday announced a management shuffle and the streamlining of its product development and supply chain units, days after flagging a likely inventory build-up of up to 45,000 cars that may lack certain... -
Renault offered over 1,000 euros in one-off payments to a majority of its workers to help them cope with inflation
Sep 26, 2022French car maker Renault has offered over 1,000 euros in one-off payments to a majority of its workers to help them cope with inflation, union sources told Reuters. The sources said the carmaker proposed a bundle... -
GM to invest $760 million at its Toledo, Ohio factory to build drive units for electric trucks
Sep 26, 2022General Motors Co said on Friday it will invest $760 million at its Toledo, Ohio factory to build drive units for electric trucks, the automaker’s first U.S. powertrain facility repurposed for EV-related production. The largest U.S.... -
Daimler Truck begun producing Mercedes-Benz branded trucks in China
Sep 26, 2022Daimler Truck has begun producing Mercedes-Benz branded trucks in China, with the first vehicles rolling off production lines at its joint plant with China’s Foton Motor Co in Beijing on Friday, the truck and bus maker... -
Instacart Inc letting go staff, slowing hiring and curbing other expenses
Sep 26, 2022Grocery delivery app Instacart Inc has been letting go staff, slowing hiring and curbing other expenses as it heads toward a public listing, the Information reported on Saturday, citing people familiar with the matter. Instacart in... -
Mazda Motor discussing ending production of its vehicles in Vladivostok, eastern Russia
Sep 25, 2022Japan’s Mazda Motor Corp is discussing ending production of its vehicles at a joint venture plant in Vladivostok, eastern Russia, the Nikkei newspaper reported on Saturday. The Japanese automaker, which sold 30,000 cars in Russia last... -
Pfizer Inc CEO Albert Bourla tested positive for COVID-19 for the second time
Sep 25, 2022Pfizer Inc Chief Executive Officer Albert Bourla said on Saturday he had tested positive for COVID-19. “I’m feeling well and symptom free,” Bourla said in a statement. Bourla, 60, back in August had contacted COVID and... -
Elon Musk to activate Starlink amid Iran protests
Sep 25, 2022SpaceX CEO Elon Musk said on Friday that he would activate the firm’s satellite internet service, Starlink, in response to U.S. Secretary of State Antony Blinken’s tweet that the United States took action “to advance internet... -
Crisis-hit Sri Lanka pleaded for a swift agreement for $2.9 billion IMF bailout
Sep 25, 2022Crisis-hit Sri Lanka pleaded on Friday for a swift agreement with its international creditors to clear the way for a desperately needed $2.9 billion IMF bailout. The International Monetary Fund’s board needs to ratify this month’s...
