United States

Tesla Could Be On Fast Track, J.D. Power Says

Forbes | Mar 16, 2019 at 12:00 AM
  • Tesla Motors has been taking its knocks recently in the press as traditional manufacturers introduce more electric vehicles, but a new J.D.Power analysis says Tesla is well-positioned to exploit a significant sales opportunity with its new products and price points.

United States

Ford chief took home nearly $18 million in ‘challenging’ year

CNN | Mar 15, 2019 at 11:05 PM
  • New York (CNN Business)Ford CEO Jim Hackett, who began overhauling the carmaker’s business plans last year, took home a 2018 compensation package worth nearly $18 million.
  • Hackett’s compensation is 276 times larger than the median compensation for other Ford employees.
  • Ford Executive Chairman Bill Ford, the great-grandson of company founder Henry Ford, has also pushed for development of a new generation of electric and self-driving cars.

United States

US business groups encouraged by prospect of US-China deal

Fox Business | Mar 15, 2019 at 10:02 PM
  • U.S. business groups said Friday they are encouraged by China’s approval of a new law that loosens restrictions on foreign investment and said it could help smooth the way to a substantive trade agreement between the two countries.
  • In other cases U.S. companies are forced to provide trade secrets to win regulatory approval from local officials.
  • The new law would bar Chinese officials from leaking technology to Chinese firms, and would also make it easier for more U.S. companies to do business in China without a partner.

United States

Bob Newhart’s Cadillac station wagon is no joke and up for auction

Fox News | Mar 15, 2019 at 8:34 PM
  • Cadillac sedans and coupes were the coolest cars on Sunset Boulevard and Las Vegas strip back in the 1970s.
  • Elvis’ 1972 Deville-based wagon was sold at auction in 2011 for $62,500, while Martin’s has been missing for years.
  • Newhart’s representative hasn’t responded to a request from Fox News Autos to authenticate its history.

China

Largest 551 German companies generate almost a third of total turnover

Xinhua News Agency | Mar 15, 2019 at 8:19 PM
  • The 551 companies achieved deliveries and services worth 2.0 trillion euros in their advance turnover tax returns in 2017.
  • Around 3.3 million companies in Germany submitted sales tax returns with a total expected turnover of almost 6.4 trillion euros excluding sales tax in 2017.
  • The largest companies by turnover in Germany in 2017 were Volkswagen, followed by Daimler, Allianz, BMW, Siemens and Bosch.

China

BMW lowers dividend as profits decline in 2018

Xinhua News Agency | Mar 15, 2019 at 6:55 PM
  • BMW is planning to cut its dividend for common stocks from 4 euros to 3.5 euros after net profits declined by 16.9 percent to 7.2 billion euros (8.2 billion U.S. dollars) in the fiscal year 2018, the German luxury carmaker announced on Friday.
  • BMW’s profits before taxes declined by 8.1 percent to a total of 9.8 billion euros while sales of the German car manufacturer fell slightly by 0.8 percent to 97.5 billion euros.
  • Amongst other factors, ongoing global trade conflicts would have “served to exacerbate the market situation and feed uncertainty,” the Bavarian luxury carmaker announced.

Saudi Arabia

Time for spectacle of speed in F1 to go up a gear

Arab News | Mar 15, 2019 at 5:40 PM
  • If there is one sport where you could argue that brilliance can be boring then Formula One is it.
  • LONDON: Being born in Germany, moving to England aged 16 before playing park football and finally making it as a professional with the little-known Forest Green Rovers may not sound like a route to becoming a Lebanese international.
  • To go from club player with the unheralded Forest Green Rovers to international football was “a big thing” but Bugiel’s path to professional football was, like his journey to international football, far from typical.

Russian Federation

Hyundai interested in localizing agricultural machinery production in Kuban region – project manager

TASS Russian News Agency | Mar 15, 2019 at 5:34 PM
  • Hyundai Corporation shows interest in localizing agricultural machinery production in the Krasnodar Region, Project Manager of Hyundai Lyubov Kharlieva told TASS on Friday.
  • An opportunity of making a special investment contract was also discussed within the framework of negotiations, Kharlieva noted.
  • Small-power and medium-power tractors were meant.