Renault Reshapes Executive Team After Carlos Ghosn’s Resignation
Renault SA named a new leadership team hours after Carlos Ghosn resigned as chairman and CEO from a prison cell in Japan, where he has been held for more than two months.
January 24, 2019Virgo Invests in Indoor Farming Company 80 Acres Farms
Virgo Investment Group has made a “significant” investment in 80 Acres Farms, a Cincinnati-based indoor farming company, according to a Jan. 15 press release. Financial terms were not disclosed.
January 24, 2019Wabash Sells Aviation and Truck Equipment Business
Wabash National Corp., a producer of semi-trailers, truck bodies and liquid transportation systems, announced the immediate sale of its aviation and truck-equipment business to Garsite Progress.
January 24, 2019Sunoco Announces Fuel-Distribution Acquisition, Divestiture of Ethanol Facility
Sunoco has acquired the wholesale fuel-distribution business from Schmitt Sales as well as certain convenience store locations from Speedway to turn into wholesale distribution sites.
January 24, 2019US Sanctions on Venezuelan Oil Could Benefit China, India
If the United States decides to deploy a slate of sanctions that it is said to have drafted against the Latin American nation, American refiners would be forced to cease purchases. That may mean more supply becomes available for the OPEC producer’s other big customers: China and India.
January 24, 2019Jobless Claims Fall to 49-Year Low Despite Shutdown
Filings for U.S. unemployment benefits fell last week to the lowest level since 1969, signaling the labor market remains tight despite the partial federal-government shutdown.
January 24, 2019Mayors, Ambassadors Discuss Advancing NAFTA Replacement Deal
WASHINGTON — Officials representing the United States, Canada and Mexico expressed support for advancing the treaty that is meant to serve as a replacement for the North American Free Trade Agreement.
January 23, 2019Walmart Says It Needs 900 More Truckers This Year, Hikes Pay
Walmart is raising trucker salaries in its push to hire 900 more drivers this year across the United States, including Texas, where it has a big concentration of large distribution centers where empty trucks get filled.
January 23, 2019Uber Contemplates Outside Investors for Autonomous Car Unit
Uber Technologies Inc. CEO Dara Khosrowshahi said it was “possible” the ride-hailing giant would look for outside investors for its self-driving car unit, but isn’t currently searching for backers.
January 23, 2019Tesla Reduces Model S, Model X Production Hours; Shares Drop
Tesla Inc. reduced the amount of hours it is producing Model S sedans and Model X crossovers, adding to concerns about demand for the electric-car maker’s higher-priced and more profitable vehicles. Shares dropped on the news.
January 23, 2019