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Business

Volvo Cars Owner Plots Merger That Puts Listing Back in Play

Li Shufu, head of Geely Group, at an interview in Beijing, China, in March 2018. Li Shufu, chairman of Geely Group and Volvo Cars, at an interview in Beijing, China, in March 2018. (Qilai Shen/Bloomberg News)

Volvo Cars owner Li Shufu set out to combine the Swedish carmaker he bought in 2010 with his Hong Kong-listed automobile unit to create a company with the scale to compete in a rapidly consolidating global market.

February 10, 2020
Government, Business

China to Halve Tariffs on $75B of US Goods

Container operations at the Yangshan Deep Water Port in Shanghai, China, on Feb. 4. Container operations at the Yangshan Deep Water Port in Shanghai, China, on Feb. 4. (Qilai Shen/Bloomberg News)

China will halve tariffs on some $75 billion of imports from the United States later this month, reciprocating a U.S. action and likely satisfying part of the interim trade deal.

February 6, 2020
Business

China Plant-Closing Cascade May Cost Automakers 1.7 Million Cars

Employees work in a weld shop in Liuzhou, China, in May 2018. Employees work in a weld shop in Liuzhou, China, in May 2018. (Qilai Shen/Bloomberg News)

Forget about clinging to hopes that China, the world’s largest car market, will recover from its unprecedented two-year slump anytime soon.

February 3, 2020
Business

Toyota Halts Operations in China

People with face masks arrive at a train station in Bangkok on Jan. 27. People with face masks arrive at a train station in Bangkok on Jan. 27. (Photo by Mladen Antonov/AFP via Getty Images)

Toyota Motor Corp. is halting production in China and other companies suspended operations or asked employees to work from home as they grapple with a SARS-like coronavirus that has killed more than 130 people and is threatening a key growth market.

January 29, 2020
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

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