Newswire

  • Newswire

    German defence industry threatens to move production abroad  

    FRANKFURT, Sept 20 (Reuters) - Germany's defence industry lobby has warned that companies were looking into shifting production abroad in response to the country's restrictive arms export policy. "All large defence contractors in Germany are assessing whether they can stay in the country in the long run," Armin Papperger, the chief executive of Rheinmetall and head the German defence industry association, was quoted as saying by newspaper Sueddeutsche Zeitung on Saturday....More
  • Newswire

    Other automakers to challenge Tesla in over-the-air software upgrades  

    By Bernie Woodall DETROIT, Sept 19 (Reuters) - Electric carmaker Tesla Motors Inc on Friday announced it is rolling out a software upgrade over-the-air to its current Model S owners, a unique ability that other automakers are expected to offer within a few years. Tesla, based in Silicon Valley, has completed more than a dozen over-the-air software upgrades since the Model S was first sold in mid-2012, said Egil Juliussen, director of research for automotive electronic technology for IHS Automotive....More
  • Newswire

    INSIGHT-Campaign donations highlight winners, losers in Brazil election  

    By Silvio Cascione and Brad Haynes BRASILIA/SAO PAULO, Sept 19 (Reuters) - Brazil's financial markets have rallied on the prospect of environmentalist Marina Silva unseating President Dilma Rousseff in next month's election, but political donations show plenty of companies may be wary of a new administration....More
  • Newswire

    U.S. judge orders discovery to begin in some GM ignition switch cases  

    By Jessica Dye Sept 19 (Reuters) - A federal judge in Manhattan on Friday ordered discovery to begin for some cases filed against General Motors Co in connection with its recall of millions of cars for a faulty ignition switch. U.S. District Judge Jesse Furman in the Southern District of New York said plaintiffs could begin requesting documents from the company related to accidents, injuries and lost vehicle value linked to the switch that allegedly occurred after GM emerged from bankruptcy in 2009....More
  • Newswire

    Fiat to suspend output at Italian plant as demand falls - union  

    MILAN, Sept 19 (Reuters) - Italian automaker Fiat will temporarily suspend production at its Pomigliano plant in southern Italy from Oct. 16-27 amid weak demand, a union representative said on Friday. After meeting with the company to approve the temporary layoff of workers for the time of the closure, Giuseppe Terracciano, secretary general for the Fim-Cisl union in Naples, said the measure was "necessary because of the slowdown in the market in view of the end of the year"....More
  • Newswire

    INVESTMENT FOCUS-Investors snap up euro zone banks, exporters in ECB bet  

    * Investors buy euro zone banks, exporters * Bets on more stimulus mount as inflation expectations stay low * QE announcement may take time as ECB waits for economic reforms By Francesco Canepa LONDON, Sept 19 (Reuters) - Investors are piling into European banks and exporters, betting that the European Central Bank will crank up the money printing presses to tackle stubbornly low inflation....More
  • Newswire

    WRAPUP 1-Above-target inflation puts rate pressure on Bank of Canada  

    By David Ljunggren OTTAWA, Sept 19 (Reuters) - Canada's annual inflation rate remained above the Bank of Canada's 2.0 percent target in August for the fourth month in a row, putting pressure on the central bank to drop its neutral stance on interest rates. Statistics Canada said on Friday overall inflation held firm at 2.1 percent while the closely watched core rate unexpectedly jumped to 2.1 percent from 1.7 percent in July to hit a level last seen in April 2012....More
  • Newswire

    UPDATE 1-GM's Cadillac to introduce high-end sedan in late 2015  

    (Adds comments from GM, importance of China market) By Bernie Woodall DETROIT, Sept 19 (Reuters) - As it strives to energize its Cadillac brand that once led the U.S. luxury auto market, General Motors Co said on Friday it will begin production of a new "top-end, high-technology car" by the end of 2015. The as-yet unnamed flagship sedan will be positioned "above today's CTS and XTS product lines," and "will add to rather than replace any model in the portfolio," GM said in a statement....More
  • Newswire

    UPDATE 1-Canada July wholesale sales unexpectedly drop by 0.3 percent  

    (Adds details of release) OTTAWA, Sept 19 (Reuters) - The value of Canadian wholesale sales in July unexpectedly dropped by 0.3 percent from June, pulled down in part by lower sales of agricultural supplies, Statistics Canada data indicated on Friday. Analysts expected a 0.6 percent rise in July after three consecutive month-on-month advances. In volume terms, sales fell by 0.6 percent....More
  • Newswire

    Canada's Magna says Brazil competition regulator visited its offices  

    TORONTO, Sept 19 (Reuters) - Auto parts supplier Magna International Inc said on Friday that Brazil's competition regulator had visited the offices of its Brazilian subsidiary in connection with an antitrust investigation. The Canadian company, which has operations around the world, offered no details on the focus of the investigation. It said it would cooperate with the authority, the Conselho Administrativo de Defesa Economica. (Reporting by Allison Martell; Editing by Lisa Von Ahn)...More
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