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Volkswagen warns of worsening output hit from chip shortage -FT (Reuters) - Volkswagen AG has warned managers to prepare for a bigger production hit in the second quarter than the first due to a global chip shortage, the Financial Times reported on Saturday. "We are being told from the suppliers and...
Rolls-Royce in constructive talks with Spain over ITP Aero sale LONDON (Reuters) - British engineering company Rolls-Royce said it was in constructive talks with Spain over the sale of its Spanish unit ITP Aero, after a media report said Madrid could block the deal. Rolls-Royce is hoping to secure up to...
Honda will phase out gas-powered cars by 2040 https://www.youtube.com/watch?v=PPuoGUsNSPg   Honda said it will stop selling gas-powered vehicles by 2040. The automaker expects 40 percent of its sales globally to be comprised of battery-electric and fuel-cell vehicles by 2030, followed by 80 percent in 2035, and 100 percent of sales by 2040. Honda...
Toyota to review climate stance as investors turn up the heat TOKYO (Reuters) - Japan's Toyota Motor Corp signalled a shift in its climate change stance on Monday, saying it would review its lobbying and be more transparent on what steps it is taking as it faces increased activist and...
CNH Ends Talks With China’s FAW on Sale of Iveco Unit   The billionaire Agnelli family’s CNH Industrial NV ended talks to sell its Iveco truck and bus business to China FAW Group Co., a move that was welcomed by the Italian and French governments. “CNH Industrial believes there are significant opportunities...
Renault seeks to generate 1 billion euros from 'circular economy' by 2030 PARIS (Reuters) - French automaker Renault will seek to generate more than 1 billion euros ($1.20 billion) in sales from the so-called "circular economy" by turning its Flins factory outside Paris into a research, recycling and repair centre,...
Audi just debuted its cheapest electric car   (CNN)Audi revealed its new Q4 E-Tron electric SUV Wednesday -- the company's cheapest electric model, with a starting price of $45,000. With federal electric vehicle tax credits, that means it should effectively cost $37,500 in its least expensive version. That's slightly less than a Tesla...
Inside Nissan's Battle With Ghosn: A Whistle-Blower Speaks Out Ravinder Passi uncovered flaws in Nissan’s investigation of Carlos Ghosn, then he faced a vicious blowback.   Nissan Motor Co.’s former top lawyer, who led an internal investigation into alleged financial misconduct by Carlos Ghosn, said he endured retaliation, demotions and even corporate surveillance of his...
  Man Group Dials Up Short Bets as Turkey Stirs Fragile Five Fears The market meltdown following Turkey’s central-bank shakeup is reviving a longtime debate among the world’s largest money managers and Ivy League economists over the vulnerability of developing nations. Doomsayers including Man Group Plc, the world’s biggest publicly listed hedge-fund firm,...
Waymo CEO John Krafcik steps down, replaced by two co-CEOs Waymo CEO John Krafcik has announced that he’ll be stepping down from his role as CEO. Tekedra Mawakana, Waymo’s chief operating officer, and Dmitri Dolgov, the company’s chief technology officer, will work jointly as co-CEOs going forward. Krafcik didn’t provide a detailed...

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Cruise operator Carnival

Cruise operator Carnival discloses personal data breach, shares down 1

Cruise operator Carnival discloses personal data breach, shares down https://www.youtube.com/watch?v=TX-wEOAGaEs (Reuters) -Cruise operator Carnival Corp said on Thursday it had detected unauthorized access to its computer...
China National Petroleum

China National Petroleum Global 500

China National Petroleum   https://www.youtube.com/watch?v=bmAE9URKX-c   The past year brought plenty of adversity for China National Petroleum Corp (CNPC), the state-owned parent company of the country’s second-largest oil...
McDonalds

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McDonalds Reopening Plans Face Reluctance From Some Franchisees   https://www.youtube.com/watch?v=y8mvPBA7bWg McDonald’s Corp. is planning for fully reopened dining rooms in the U.S. this summer, though it’s running...
China crypto players

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China crypto players shrug off Beijing's latest crackdown   https://www.youtube.com/watch?v=HhR2WcUSk1c           China's announcement on Tuesday of a tougher ban on banks and payment companies offering crypto-related services furthered...
State Grid

State Grid Global 500

State Grid     https://www.youtube.com/watch?v=f7XGFSn0dXg       It wasn't an electric year for State Grid, China’s state-owned power company, as sales dipped just under 1% in 2019. Beijing appointed Mao...