Heavy Machinery and Vehicles (TRBC)

Volvo halts Iran truck assembly due to U.S. sanctions

Volvo halts Iran truck assembly due to U.S. sanctions

Published 24/09/2018

STOCKHOLM (Reuters) - Swedish truckmaker AB Volvo has stopped assembling trucks in Iran because U.S. sanctions are preventing it from being paid, a spokesman for [more…]

Asian firms shuffle production around the region as China tariffs hit

Asian firms shuffle production around the region as China tariffs hit

Published 24/09/2018

SEOUL/TOKYO (Reuters) - A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China [more…]

Volvo Cars drops IPO citing trade tensions and downturn

Volvo Cars drops IPO citing trade tensions and downturn

Published 10/09/2018

BEIJING/PARIS (Reuters) - Volvo Cars and its owner Geely said on Monday they had postponed plans to float shares in the Swedish carmaker, blaming trade [more…]

Trade war puts new strains on America Inc’s factories in China

Trade war puts new strains on America Inc’s factories in China

Published 20/08/2018

SHENZHEN, China/SHANGHAI/HONG KONG (Reuters) - Larry Sloven arrived in southern China three decades ago, just as the region was taking off as the low-cost manufacturing [more…]

Fiat Chrysler loses another executive after Marchionne illness

Fiat Chrysler loses another executive after Marchionne illness

Published 23/07/2018

MILAN (Reuters) - Fiat Chrysler’s (FCHA.MI) European boss has quit, adding to the problems facing new CEO Mike Manley who must deliver on promises to [more…]

Halfway through, 2018 delivers little to S&P 500 investors

Halfway through, 2018 delivers little to S&P 500 investors

Published 02/07/2018

SAN FRANCISCO (Reuters) - Halfway through 2018, investing in Wall Street’s leading S&P 500 stock index has been nothing to shout about. The index of [more…]

Exclusive: GE nears deal to merge transportation unit with Wabtec -…

Exclusive: GE nears deal to merge transportation unit with Wabtec -…

Published 21/05/2018

(Reuters) - General Electric Co (GE.N) is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp (WAB.N), a U.S. [more…]

Trade war backfire: Steel tariff shrapnel hits U.S. farmers

Trade war backfire: Steel tariff shrapnel hits U.S. farmers

Published 13/04/2018

KANE COUNTY, Ill. (Reuters) - Lucas Strom, who runs a century-old family farm in rural Illinois, canceled an order to buy a new $71,000 grain [more…]

Volkswagen’s new CEO says to consider asset sales

Volkswagen’s new CEO says to consider asset sales

Published 13/04/2018

WOLFSBURG, Germany (Reuters) - Volkswagen’s (VOWG_p.DE) new Chief Executive Herbert Diess on Friday said he will consider asset sales and seeks to turn the multi-brand [more…]

Volkswagen has no plans to cede control of trucks ops: chairman

Volkswagen has no plans to cede control of trucks ops: chairman

Published 13/04/2018

WOLFSBURG, Germany (Reuters) - Volkswagen (VOWG_p.DE) will not list its trucks business this year and has no plans to cede control of the division, chairman [more…]