Bloomberg News

Business, Equipment

BorgWarner to Buy Delphi for $1.5B in Auto Parts Deal

A monitor displays Delphi Technologies PLC on the floor of the New York Stock Exchange in 2017. A monitor displays Delphi Technologies PLC on the floor of the New York Stock Exchange in 2017. (Michael Nagle/Bloomberg News)

BorgWarner Inc. agreed to acquire Delphi Technologies for about $1.5 billion in an all-stock deal that unites two auto suppliers positioning for the industry’s transformational shift to hybrid and electric vehicles.

January 28, 2020
Government, Business

Honda, Others Evacuate Workers as Coronavirus Takes Its Toll on Industry

People wearing masks walk on a street in the Kwun Tong district of Hong Kong, China, on Jan. 23. People wearing masks walk on a street in the Kwun Tong district of Hong Kong, China, on Jan. 23. (Paul Yeung/Bloomberg News)

Global companies including Honda Motor Co. and Groupe PSA are evacuating workers from areas of China hardest hit by a deadly viral outbreak.

January 27, 2020
Government, Business

China’s Wider Fight With US Is Only Just Beginning After Trade Deal

Fight With US President Donald Trump (left) and Chinese President Xi Jinping at the G20 Summit last June. (Susan Walsh/Associated Press)

In a letter read out during the Jan. 15 trade deal signing at the White House, Chinese leader Xi Jinping asked U.S. President Donald Trump to take steps to “enhance mutual trust and cooperation between us.”

January 17, 2020
Government, Business, Fuel

China to Buy $52 Billion of Additional US Energy Products

Oil tank farm in Midland, Texas Oil tank farm in Midland, Texas, by Luke Sharrett/Bloomberg

China agreed to buy $52.4 billion of additional U.S. energy products as part of a landmark trade deal signed by the world’s two top economic superpowers.

January 15, 2020
Government, Business

US Won’t Cut More China Tariffs Until After November Vote

Donald Trump President Donald Trump by Zach Gibson/Bloomberg

Existing tariffs on billions of dollars of Chinese goods coming into the U.S. are likely to stay in place until after the presidential election Nov. 3, and any move to reduce them will hinge on Beijing’s compliance with the terms of a phase-one trade accord, people familiar with the matter said.

January 14, 2020
Government, Business

Japan Officials Silent Over Ghosn Escape

Carlos Ghosn Carlos Ghosn, former chairman of Nissan Motor Co., center, sits in a vehicle as he left his lawyer's office in Tokyo on March 6, 2019. (Takaaki Iwabu/Bloomberg News)

Since news emerged on New Year’s Eve that fallen auto titan Carlos Ghosn skipped bail and fled the country, Japanese Prime Minister Shinzo Abe has been camped out in a luxury Tokyo hotel, sharing meals with family, hitting the gym and even playing golf.

January 2, 2020
Business, Technology

Tesla Just Delivered Its First China-Built Cars in Shanghai

Tesla Workers clean a Tesla Inc. Model 3 vehicle at the company's Gigafactory in Shanghai. (Qilai Shen/Bloomberg News)

Tesla Inc. delivered its first China-built cars, a milestone for Elon Musk’s company as it accelerates a push in the world’s largest electric-vehicle market.

December 30, 2019
Business, Technology

Tesla Set to Deliver First China-Built Car in Milestone for Musk

Tesla plant in China An aerial view of the Tesla factory on the outskirts of Shanghai on Nov. 1, 2019. (Qilai Shen/Bloomberg News)

Tesla Inc. will start delivering China-built cars Dec. 30, a major milestone for Elon Musk’s company as it expands in the world’s largest electric-vehicle market.

December 27, 2019
Business

Truck Makers, Suppliers Slash Jobs by the Thousands as Orders Dry Up

International HX Series truck A Navistar International Corp. International HX Series truck sits at company headquarters in Lisle, Ill. (Christopher Dilts/Bloomberg)

North America’s biggest truck makers and their suppliers are firing thousands of workers as orders dry up amid a glut of big rigs.

December 18, 2019
Government, Business, Technology

PSA’s Board Approves Merger With Fiat Chrysler

Fiat Chrysler assembly line A Fiat Chrysler production line at an assembly plant in Sterling Heights, Mich. (Jeff Kowalsky/Bloomberg News)

The board of Italian-American automaker Fiat Chrysler Automobiles NV approved a merger with PSA Group of France to create the world’s fourth-biggest auto manufacturer, people familiar with the situation said.

December 17, 2019

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