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UTC CEO says no ‘quid pro quo’ on keeping Indiana plant open

By David Shepardson WASHINGTON (Reuters) – United Technologies Corp , parent company of Carrier Corp, got a “good deal” with President-elect Donald Trump that allowed it to shift most jobs at two Indiana plants to Mexico, its chief executive said on Monday in an interview with CNBC. Greg Hayes, chief executive of UTC, said Trump did not make threats in negotiations over the plant's future or raise the company's U.S. military contracts. Carrier, which in February had announced plans to close two Indiana plants and send…

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UTC CEO says no ‘quid pro quo’ on keeping Indiana plant open

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Trump faces dilemma as U.S. oil reels from record biofuels targets

By Chris Prentice NEW YORK (Reuters) – The Obama administration signed its final plan for renewable fuel use in the United States last week, leaving an oil industry reeling from the most aggressive biofuel targets yet as President-elect Donald Trump takes over…

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Trump faces dilemma as U.S. oil reels from record biofuels targets

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VW reviews procurement strategy in wake of supplier dispute

Volkswagen is reviewing its supplier and procurement strategy to avoid another crippling dispute like the one that caused production slowdowns and even stoppages at six plants this month, Chief Executive Matthias Mueller said. VW suppliers Car Trim and ES Automobilguss, both part of Prevent Group, triggered the disruptions by halting deliveries of seat covers and cast iron parts for gearboxes, exposing how dependent VW has become

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VW reviews procurement strategy in wake of supplier dispute

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Volkswagen group to phase out more than 40 car models: report

Volkswagen will stop producing more than 40 car models in the coming years as part of a new strategy by Europe's biggest automaker, German newspaper Handelsblatt reported on Saturday. Volkswagen (VW) said on Thursday it would invest billions of euros in electric cars, ride-hailing and automated driving to become a world leader in green transport by 2025 as it

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Volkswagen group to phase out more than 40 car models: report