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OpenAI introduces GPT-6 Cyber with restricted security access // TVM –Mangaluru Vande Bharat claims top spot // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Ningbo Consensus on Collaborative Development released at 2026 Global Mayors Dialogue · Ningbo // ADNOC secures decade-long LNG supply pact with Gujarat Energy // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // India Under Pressure To Join RCEP On The Eve Of ASEAN Summit In Manila On Nov 15-17 // Motorola introduces Signature 27 flagship priced at $1,599 // ADIA subsidiary seeks $7.5 billion private investment financing // Kochi police detain two actors over bid to honey trap doctor // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // OpenAI abandons secrecy agreements for future data centres // Ousted top Kochi cop gets IG post // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Emaar approves Development buyout ahead of planned delisting // Battle Uttar Pradesh Will Be Tougher For Yogi Than Expected // HKUST President Prof. Nancy IP Receives UNESCO–Equatorial Guinea International Prize for Research in Life Sciences // Elephant calf on death line airlifted for treatment in Gujarat // Oil advances towards $100 as tanker attacks persist // Beyond the exhibition floor: How robots, AI and networks are moving into the real world //

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General Motors

By Pamela Barbaglia and Edward Taylor | LONDON/FRANKFURT LONDON/FRANKFURT PSA Group (PEUP.PA) is holding talks with General Motors (GM.N) about buying its European Opel division, the French carmaker said on Tuesday, a deal which would increase competition for market leader Volkswagen (VOWG_p.DE). The maker of Peugeot, Citroen and DS cars is “exploring a number of strategic initiatives with GM with the aim of increasing its profitability and […]

By David Shepardson | WASHINGTON WASHINGTON 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 (GM.N), Ford Motor Co, Fiat Chrysler Automobiles NV, along with the top […]

Big corporations with money riding on President Donald Trump’s policies helped pick up the tab for Trump’s inaugural festivities earlier this month, new disclosures show. The companies’ five-to-seven-figure contributions earned company representatives prime perks, including access to events featuring the newly inaugurated president, Vice President Mike Pence, the Trump and Pence families and prospective Cabinet members and administration officials. Pfizer Inc. and Dow Chemical Co. both disclosed making […]

By Emily Stephenson and David Shepardson | WASHINGTON WASHINGTON President Donald Trump will huddle with chief executives of major U.S. companies on Friday as the business community finds itself increasingly split over how to respond to his policies. Uber CEO Travis Kalanick on Thursday quit the business leaders’ group, a panel selected by Trump in December, under pressure from activists over Trump’s week-old executive order halting travel […]

Microsoft has filed a formal request for an exception to President Donald Trump’s ban on travel into the United States from seven countries, saying visa-holding students and workers who are “responsible known travellers with pressing needs” should be permitted to re-enter the nation under the sponsorship of US companies. Trump’s executive order — preventing travel into the US from Iran, Iraq, Syria, Sudan, Somalia, Yemen, and Libya […]

This May 13, 2014, file photo shows a row of Google self-driving Lexus cars at a Google event outside the Computer History Museum in Mountain View, Calif. California regulators release safety reports filed by 11 companies that have been testing self-driving car prototypes on public roads on Wednesday, Feb. 1, 2017. The papers report the number of times in 2016 that human backup drivers took control from […]

By Bernie Woodall | DETROIT DETROIT Automakers on Wednesday are likely to report a 3 percent decline in U.S. auto sales for January after a surprisingly strong December stole some thunder from the start of the new year, industry analysts and economists said. Still, with December’s good showing pulling sales from January, normally the weakest month of the year in terms of sales volume, some analysts cautioned […]

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By Naomi Tajitsu and Maki Shiraki | YOKOHAMA, Japan YOKOHAMA, Japan Nissan Motor Co has taken a step back into gasoline hybrids with its Note e-Power model, which the Japanese automaker hopes will act as a gateway for drivers who will later shift to all-electric cars. The move will also trim Nissan’s costs. Nissan’s battery-electric Leaf, the industry’s first mass-market, all-electric car launched in 2010, is the […]

By Ginger Gibson and David Shepardson | WASHINGTON WASHINGTON Days before a group of Republican lawmakers were due to discuss their party’s controversial proposal to tax all imports, Toyota Motor Corp (7203.T) sent an urgent message to its U.S. dealers – tell the politicians the tax would seriously hurt car buyers. Some of Toyota’s 1,500 dealers heeded the call and contacted members of the House of Representatives’ […]

TORONTO General Motors Co will cut 625 jobs at its auto assembly plant in Ingersoll, Ontario, by the end of July and move some production work to Mexico, the president of Canada’s largest auto workers union said on Friday. “This came right out of left field,” said Jerry Dias, the president of the union, Unifor, in a phone interview. “This is NAFTA, this has nothing to do […]

Dennis Muilenburg, chief executive of Boeing, welcomed Donald Trump’s habit of individually targeting companies like the US aerospace and defence manufacturer for criticism via Twitter, praising the new president for “directly engaging” with corporate America.  Rather than feeling bullied, Mr Muilenburg was effusive in his praise of the president’s social media strategy, as well as his economic plans including tax reform, saying he was giving business a […]

Trading on Wall Street was dominated by earnings announcements from blue-chip companies on Tuesday, while big carmakers rose off the back of a meeting with President Donald Trump. Results from the likes of DuPont, Verizon and Lockheed Martin pushed the broad market slightly higher. The Dow Jones Industrial Average was up 0.6 per cent to 19,912, while the S&P 500 gained 0.7 per cent to 2,280. The […]

By Noel Randewich | SAN FRANCISCO SAN FRANCISCO U.S. President Donald Trump’s administration is only hours old, but already a small parade of S&P 500 companies’ chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits. In the days ahead of Friday’s inauguration, senior executives from Morgan Stanley (MS.N), Delta Air Lines (DAL.N) and other major U.S. corporations said the […]

A driver sits in an Uber self-driving car in Pittsburgh, Pennsylvania on September 13, 2016 Evangelists for driverless cars see a bright future coming down the road: thousands of lives saved, countless driving hours freed up, cityscapes transformed with traffic jams vanquished. But the new technology also threatens millions of jobs and raises a slew of ethical dilemmas—prospects that were on the minds of business chiefs and […]

Chairman and director of Xero Chris Liddell will step down from his responsibilities at the New Zealand-based cloud accounting firm on Friday, as he prepares for his new role of Assistant to United States President-elect Donald Trump. In a statement made on Thursday, Xero CEO and founder Rod Drury congratulated Liddell on his new role and thanked him for his contribution and leadership during his tenure at […]

NEW YORK General Motors Co has agreed to pay $1 million to resolve a U.S. Securities and Exchange Commission accounting case related to a faulty ignition switch linked to 124 deaths and 275 injuries, the regulator announced on Wednesday. The SEC said the deal would resolve charges that accounting control failures at the automaker prevented GM from properly assessing the potential financial impact of the defective ignition […]

Wal-Mart Stores Inc (WMT.N) said it would create about 10,000 jobs in the United States this year, about the same as in previous years, as President-elect Donald Trump puts pressure on companies to hire more U.S. workers. Most of Wal-Mart’s new jobs will be in 59 new stores planned for the fiscal year beginning in February as well as in e-commerce services, the retailer said on Tuesday. […]

BEIJING Cadillac, General Motors Co’s (GM.N) luxury brand, is predicting a double digit growth rate in China sales this year, the brand’s country chief Andreas Schaaf told Reuters on Tuesday. The brand – which opened its first dedicated factory in China last year, helping boost Cadillac sales in the country by 46 percent – expects China to become its top market in less than five years, Schaaf […]

Driverless: Intelligent Cars and the Road Ahead • By Hod Lipson and Melba Kurman • MIT Press • 328 pages • ISBN: 978-0262035224 • £19.95 / $29.95 There is an old joke that has Bill Gates, then CEO of Microsoft, boast to the CEO of General Motors that if Microsoft built cars, they would cost $25 and get 1,000 miles per gallon. The GM CEO is supposed […]

By Paul Lienert and David Shepardson | DETROIT/WASHINGTON DETROIT/WASHINGTON Japan’s Takata Corp (7312.T) on Friday agreed to plead guilty to criminal wrongdoing and to pay $1 billion to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators linked to at least 16 deaths worldwide. The deal was announced hours after prosecutors in Detroit charged three former senior Takata executives with falsifying test results […]

By David Shepardson | NEW YORK NEW YORK Japan’s Takata Corp is expected to plead guilty to criminal wrongdoing as early as Friday as part of a $1 billion settlement with the U.S. Justice Department over its handling of air bag ruptures linked to 16 deaths worldwide, sources said. The settlement includes a $25 million criminal fine, $125 million in victim compensation and $850 million to compensate […]

Investors drew a line in the sand on Wednesday, forcing companies to rewrite bond documents in a stinging rejection of covenant packages that were seen as hostile to bondholders. Marketing material for bond offers by General Motors’ financial subsidiary, chipmaker Broadcom and the Brazilian pulp manufacturer Fibria Celulose dropped language that deprived investors of certain premiums should the companies breach their covenants and default, according to three people with knowledge […]

On Wall Street, Donald Trump’s election win spelt pain for the dollar and stock markets right up until the moment he began his acceptance speech in the early hours of November 9 at the New York Hilton. Then the dollar began a trough-to-peak surge that would leave it up almost 3 per cent, a performance only bettered in 2016 on the day after the Brexit vote. S&P […]

By Bernie Woodall and David Shepardson | DETROIT DETROIT Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) on Sunday said it will invest $1 billion to modernize two plants in the U.S. Midwest and create 2,000 jobs, upping the ante as automakers respond to threats from President-elect Donald Trump to slap new taxes on imported vehicles. FCA’s announcement that it would retool factories in Ohio and Michigan to build new […]

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Just in:
Emaar approves Development buyout ahead of planned delisting // Elephant calf on death line airlifted for treatment in Gujarat // ADNOC secures decade-long LNG supply pact with Gujarat Energy // Motorola introduces Signature 27 flagship priced at $1,599 // TVM –Mangaluru Vande Bharat claims top spot // Battle Uttar Pradesh Will Be Tougher For Yogi Than Expected // Ousted top Kochi cop gets IG post // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Oil advances towards $100 as tanker attacks persist // Kochi police detain two actors over bid to honey trap doctor // Technology shares plunge as Nasdaq enters correction // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // Democrats Gearing Up For 2028 Presidential Elections To Gain Full Power // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Microfinance case trouble for Vellappally // OpenAI abandons secrecy agreements for future data centres // Private varsities bill all set to face the axe // India Under Pressure To Join RCEP On The Eve Of ASEAN Summit In Manila On Nov 15-17 // CM disputes Vijayan’s claims //