Former Nissan CEO Ghosn casts doubt on success of Nissan, Honda alliance
TOKYO (Reuters) – Former Nissan (OTC:NSANY) chief executive Carlos Ghosn cast doubt on the success of a potential merger between Honda (NYSE:HMC) and Nissan, saying the latter’s plans “do not make sense” at a press conference on Monday. Honda and…
Australia stocks higher at close of trade; S&P/ASX 200 up 1.67%
Investing.com – Australia stocks were higher after the close on Monday, as gains in the Financials, Consumer Discretionary and A-REITs sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 1.67%. The best performers of the session…
Stellantis reverses decision to lay off 1,100 at Ohio Jeep plant
(Reuters) – Stellantis (NYSE:STLA) has reversed its decision to lay off about 1,100 employees at an Ohio Jeep plant, instead extending a worker adjustment and retraining notification notice, the Franco-Italian automaker said late on Saturday. No employees will be placed…
Mexican president confident Congress will ban planting GM corn in 2025
MEXICO CITY (Reuters) – Mexican President Claudia Sheinbaum expects Congress to approve a ban early next year on planting genetically modified corn in the country, she said on Saturday. Sheinbaum’s announcement comes a day after a trade-dispute panel ruled Mexico’s…
Volkswagen to cut more than 35,000 jobs in Germany by 2030
FRANKFURT (Reuters) – Volkswagen (ETR:VOWG_p) on Friday said it had agreed with unions to cut more than 35,000 jobs at its German sites by 2030 in a socially responsible manner, which would help achieve more than 15 billion euros ($15.65…
Starbucks workers expand strike in US cities including New York
(Reuters) – Starbucks (NASDAQ:SBUX) workers have expanded their strike to four more U.S. cities, including New York, the union representing over 10,000 baristas said late on Saturday. The five-day strike, which began on Friday and initially closed Starbucks cafes in…