Business

Daimler AG, the parent company of Mercedes-Benz and Daimler Trucks, announced it will eliminate thousands of jobs worldwide by the end of 2022 amid weakening car sales in China and the costly push to develop electric vehicles.

DETROIT — The United Auto Workers and Fiat Chrysler reached a tentative agreement Nov. 30 on a new four-year contract, which includes $9 billion in investments but still needs final approval from workers.

TOKYO — Nissan’s new chief executive Makoto Uchida reaffirmed Dec. 2 the importance of the Japanese automaker’s alliance with France’s Renault, as it strives to puts its financial scandals behind it.

WASHINGTON — President Donald Trump on Dec. 2 accused Argentina and Brazil of hurting American farmers through currency manipulation and said he’ll slap tariffs on their steel and aluminum imports to retaliate.

BMW AG will reduce bonus payments for employees in Germany as the luxury-car maker grapples with the costly shift to electric and self-driving vehicles.

Schneider launched an automated tool that enables third-party carriers to instantly book loads with the click of a button, the carrier said in a Nov. 26 news release.

The White House is pushing to wrap final negotiations with Democrats on President Donald Trump’s top legislative priority, the U.S.-Mexico-Canada Agreement, by meeting with the Mexican deputy foreign minister Nov. 27.

An index that measures equipment financing and leasing trends showed business activity in October up 14% year-over-year.

A group of transportation and manufacturing associations will host a forum for presidential candidates to discuss infrastructure issues.

WASHINGTON — The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter.