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Thursday, April 19, 2018

GM cuts second shift, hundreds of jobs at Ohio plant B

General Motors announced Friday it is cutting the second shift at a plant in Ohio, affecting up to 1,500 jobs due to declining Chevrolet Cruze sales.

Volkswagen names Herbert Diess as new CEO

Volkswagen named Herbert Diess to replace Matthias Mueller as CEO on Thursday in an overhaul of the German company's management structure.

Acting Cambridge Analytica CEO steps down amid Facebook scandal

The acting CEO of Cambridge Analytica -- the data mining firm accused of improperly accessing data from millions of Facebook users -- stepped down Wednesday, the company announced.

Study: U.S. exports benefited from South Korea free trade deal

 U.S. President Donald Trump has said he might delay a revised trade agreement with South Korea, but the deal known as KORUS FTA has benefited the United States more, according to a South Korean study.

China to reduce auto tariffs after Trump criticism

Chinese President Xi Jinping said on Tuesday that his country will reduce tariffs on automobiles imported into the country.