Newswire

  • Newswire

    Edmunds sees Feb U.S. auto sales down 1 pct from year earlier  

    DETROIT, Feb 23 (Reuters) - U.S. auto sales will show a 1 percent decline in February from a year earlier, industry consultant and car shopping website Edmunds said on Thursday. Edmunds estimated that February U.S. sales would be 1.33 million vehicles, for a seasonally adjusted annualized rate of 17.6 million. General Motors Co's sales are seen rising 5.7 percent, while Ford Motor Co's are expected to decline by 3.4 percent, Edmunds said....More
  • Newswire

    Fitch: Goodyear's Second-Lien Term Loan Repriced; No Rating Effect  

    (The following statement was released by the rating agency) CHICAGO, February 23 (Fitch) Fitch Ratings does not expect the planned repricing of The Goodyear Tire & Rubber Company's (GT) second-lien term loan to affect the ratings of the company or the loan. GT's Issuer Default Rating (IDR) is 'BB' and the Rating Outlook is Stable. Fitch rates the second-lien term loan 'BB+/RR1'. The second-lien loan was launched in 2005 with $1.2 billion outstanding. Subsequent payments reduced the amount outstanding to $399 million at Dec. 31, 2016....More
  • Newswire

    Serbia's AIK can buy majority of Gorenjska Banka, Slovenia says  

    LJUBLJANA, Feb 23 (Reuters) - Serbia's AIK bank is allowed to buy more than 50 percent of Slovenia's Gorenjska Banka, the Bank of Slovenia said on its website. AIK bought 19.4 percent of Gorenjska last year and is the second largest shareholder of the small Slovenian bank which is mainly owned by local companies. AIK told Slovenian daily newspaper Delo in November it hoped to buy a majority stake of Gorenjska, adding it planned to grow the business. AIK was not immediately available for comment on Thursday....More
  • Newswire

    UPDATE 1-Trump tells CEOs he plans to bring back millions of jobs  

    (Updates with list of participants) By David Shepardson and Ginger Gibson WASHINGTON, Feb 23 (Reuters) - President Donald Trump told about two dozen chief executives of major U.S. companies on Thursday he plans to bring many millions of jobs back to the United States. Trump also touched on his plan to deport illegal immigrants to Mexico. Secretary of State Rex Tillerson is in Mexico on what Trump called a "tough trip."...More
  • Newswire

    Trump tells CEOs he plans to bring back millions of jobs  

    WASHINGTON, Feb 23 (Reuters) - President Donald Trump told about two dozen chief executives of major U.S. companies on Thursday he plans to bring many millions of jobs back to the United States. Trump also touched on his plan to deport illegal immigrants to Mexico. Secretary of State Rex Tillerson is in Mexico on what Trump called a "tough trip." (Reporting by David Shepardson and Ginger Gibson; Editing by Howard Goller)...More
  • Newswire

    How Spain could deliver swift savings in Peugeot-Opel deal  

    By Sarah White VILLAVERDE, Spain, Feb 23 (Reuters) - As the only European country where carmaker PSA's production overlaps with that of Opel, Spain could deliver the quick cost savings sought by PSA boss Carlos Tavares to convince investors to back his planned acquisition of the rival brand. Between them, PSA - maker of Peugeots and Citroens - and General Motors' Opel operate three Spanish factories that employ about 13,000 people in total....More
  • Newswire

    Motor racing-Hamilton says he is better prepared than ever  

    By Alan Baldwin SILVERSTONE, England, Feb 23 (Reuters) - Lewis Hamilton says he is better prepared than ever for the start of a Formula One season and ready to fight for a fourth title after the unexpected retirement of Mercedes team mate and champion Nico Rosberg. There would, he indicated, be no hangover from the disappointment of losing out to the German in 2016. Only a hunger to win again....More
  • Newswire

    UPDATE 1-Audi board, VW to back under-fire Audi boss - sources  

    (Adds works council comment, detail and background) BERLIN/HAMBURG, Feb 23 (Reuters) - Audi boss Rupert Stadler is expected to win the backing of top officials at the carmaker and parent company Volkswagen this week, despite criticism of his handling of the group's emissions scandal, two sources close to the matter said. Volkswagen (VW), Europe's biggest carmaker, admitted in September 2015 to using illegal software to disguise the true level of toxic emissions from diesel engines....More
  • Newswire

    Ardagh plans IPO in New York this quarter -chairman  

    DUBLIN, Feb 23 (Reuters) - Packaging conglomerate Ardagh Group is well advanced with plans to launch an initial public offering (IPO) and intends to float on the New York Stock Exchange later this quarter, chairman Paul Coulson said on Thursday. The Luxemburg-based supplier of glass and metal containers, controlled by Irish billionaire Coulson, said last year that it planned to list its operating company, but would only float around 5 percent – equating to just 250 million to 300 million euros....More
  • Newswire

    Nissan CEO Ghosn Names Successor; Will Remain Renault Chief  

    Hiroto Saikawa, a 40-year Nissan veteran who also has held management posts with alliance partner Renault , takes over in April as chief executive of Japan's second-largest automaker....More
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Feb 10, 2017
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WardsAuto

Volvo V60 Polestar 2.0L Turbo/Supercharged DOHC 4-cyl. -- 2017 Award Acceptance

Stefan Hermelin, general manager-Monitoring & Concept Center, accepts Volvo Cars' award at the 2017 Wards 10 Best Engines ceremony....More

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