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Auto CEOs want Trump to order review of 2025 fuel rules

By David Shepardson WASHINGTON (Reuters) – The chief executives of 18 major automakers and their U.S. units urged President Donald Trump to revisit a decision by the Obama administration to lock in vehicle fuel efficiency rules through 2025. In a letter sent late Friday and viewed by Reuters, the chief executives of General Motors Co , Ford Motor Co, Fiat Chrysler Automobiles NV, along with the top North American executives at Toyota Motor Corp…

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Auto CEOs want Trump to order review of 2025 fuel rules

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Starbucks in crosshairs as Mexico boycott campaign simmers

Seeking to quell a social media campaign imploring Mexicans to boycott U.S. companies, Starbucks defended itself on Friday, saying it had invested millions in the country, created more than 7,000 jobs, and that its local unit is Mexican-owned. The statement came after disparate social media campaigns directed at U.S. companies based in Mexico gained …

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Starbucks in crosshairs as Mexico boycott campaign simmers

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German‎ watchdog suspected VW scam on CO2 emissions: report

Germany's motor industry watchdog raised suspicions Volkswagen was using prototype vehicles to lower carbon dioxide (CO2) emissions in tests in 2015 soon after VW's manipulation of diesel emissions tests was uncovered, the Berliner Zeitung newspaper reported on Saturday. It quoted the Federal Motor Transport Authority (KBA) as telling VW in a November 2015 email it would choose test models randomly and appoint new external experts to carry out testing because of doubts about…

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German‎ watchdog suspected VW scam on CO2 emissions: report

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HMD Global launches first Nokia smartphone

HMD Global, the Finnish company that owns the rights to use Nokia's brand on mobile phones, announced on Sunday its first smartphone, targeted for Chinese users with a price of 1,699 yuan ($246). The launch marks the first new smartphone carrying the iconic handset name since 2014 when Nokia Oyj chose to sell its entire handset unit to Microsoft . The new device, Nokia 6, runs on Google's Android platform and is manufactured by Foxconn

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HMD Global launches first Nokia smartphone

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Google shows improved self-driving system in Chrysler Pacifica

By Alexandria Sage and Paul Lienert DETROIT (Reuters) – Google unveiled its latest self-driving system in a Chrysler Pacifica minivan during a Sunday preview ahead of the Detroit auto show, saying the technology is more reliable and affordable. The announcement came from John Krafcik, head of Google's Waymo unit, whose search for partners to…

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Google shows improved self-driving system in Chrysler Pacifica

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U.S. housing, consumer confidence data bolster economic outlook

By Lucia Mutikani WASHINGTON (Reuters) – New U.S. single-family home sales rose more than expected in November and consumer sentiment hovered near a 13-year high this month, strengthening the view that the economy will gain further momentum next year. President-elect Donald Trump's plan to cut taxes and increase infrastructure spending is expected to boost economic growth, though

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U.S. housing, consumer confidence data bolster economic outlook

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Lockheed CEO tells Trump she will work to drive down cost of F-35

(Reuters) – The chief executive of Lockheed Martin Corp told President-elect Donald Trump on Friday that she was committed to driving down the cost of the company's F-35 fighter jet, a day after Trump took aim at the cost of the F-35 in a Twitter post…

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Lockheed CEO tells Trump she will work to drive down cost of F-35

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U.S. Justice Dept. orders whistleblower to testify in Wells Fargo probe

U.S. prosecutors in San Francisco have asked Wells Fargo banker Yesenia Guitron, who lost a private lawsuit against the fourth-largest lender, to testify before a grand jury in San Francisco on Tuesday, according to a subpoena dated Dec. 12, which was seen by Reuters. A Wells Fargo spokesman declined to comment.

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U.S. Justice Dept. orders whistleblower to testify in Wells Fargo probe

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Chinese firms face competition to maintain role in developing Iranian oilfields

Iran plans to ask international oil companies to bid for the second phase of development of its Yadavaran and North Azadegan oilfields, a senior official said on Saturday. “CNPC would like to extend its North Azadegan contract, but we have announced that …they should take part in the bidding for a new contract,” Gholamreza Manouchehri, deputy head of the National Iranian Oil Company (NIOC), was quoted

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Chinese firms face competition to maintain role in developing Iranian oilfields

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Saudi Arabia tells oil buyers of cuts after OPEC deal, PIRA says

NEW YORK (Reuters) – Saudi Arabia is informing its customers of cuts to their January crude oil supplies to comply with the latest OPEC agreement, according to a PIRA note late on Thursday. The note adds that cuts will be to varying degrees, but is likely to

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Saudi Arabia tells oil buyers of cuts after OPEC deal, PIRA says

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