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Trump and California go to war over clean cars

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WASHINGTON (Reuters) – U.S. President Donald Trump and the state of California went to war on Wednesday over who should set the standards in the United States for vehicle emissions and electric cars, foreshadowing a legal battle over environmental policy issues that will affect the auto industry and consumers. In a morning flurry of tweets, Read More

Toyota invests $391 million at its Texas truck assembly plant

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FILE PHOTO: The logo of Toyota is seen on a car during the Prague Autoshow in Prague, Czech Republic, April 13, 2019. REUTERS/David W Cerny/File Photo (Reuters) – Toyota Motor Corp (7203.T) said on Tuesday it was investing $391 million at its truck assembly plant in San Antonio, Texas, as part of the Japanese automaker’s Read More

Electric pickup, batteries included in GM’s $7 billion pledge

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DETROIT (Reuters) – An all-electric pickup truck and an advanced battery system will be part of the $7 billion that General Motors Co has pledged to invest in the United States as parts of contract talks with the United Auto Workers. FILE PHOTO: A 2019 Chevrolet Bolt plug-in electric vehicle is displayed at the North Read More

Workers picket GM plants as UAW contract talks resume

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DETROIT (Reuters) – Negotiators for General Motors Co and the United Auto Workers resumed talks Monday at 10 a.m. EDT to resolve a strike that shut down the automaker’s highly profitable U.S. operations. The UAW on Sunday launched the first company-wide strike at GM in 12 years, saying negotiations toward a new national agreement covering Read More

UAW workers head for picket lines in first national strike against GM since 2007

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DETROIT/WASHINGTON (Reuters) – The United Auto Workers (UAW) went on strike at General Motors just after midnight Sunday and about 48,000 hourly workers at its facilities are headed for the picket lines in the morning, union officials said early Monday. U.S. labor contract talks reached an impasse on Sunday, the and the UAW called for Read More

UAW calls first nationwide strike against GM since 2007

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DETROIT (Reuters) – The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 years. A member of United Auto Workers, Aramark workers, Read More

After GM talks hit impasse, UAW workers to strike as of Sunday night

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DETROIT (Reuters) – The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after labor contract talks reached an impasse over wide-ranging issues from wages to health care benefits and temporary workers. A member of United Auto Workers, Read More

Citigroup stands by card strategy despite economic clouds

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NEW YORK (Reuters) – Some Wall Street analysts have begun to question whether Citigroup Inc’s (C.N) big bet on credit cards will backfire if the U.S. economy enters a recession, despite the bank saying it is underwriting responsibly. Balance transfer envelopes are pictured in a Reuters office in New York, U.S., September 5, 2019. Picture Read More

Coal shipments to the U.S. power sector continue to fall

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September 13, 2019 Source: U.S. Energy Information Administration, Form EIA-923, Power Plant Operations ReportNote: Other includes pipeline, other waterway, Great Lakes barge, tidewater pier, and coastal ports. Multimode rail includes some movement over railways; multimode nonrail uses multiple modes that do not include railway. Nearly 600 million short tons (MMst) of coal was shipped to Read More