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American car manufacturer Ford Motor announced the reorganization of production in the United States, which will allow it to reduce costs and increase the production of large SUVs. According to Bloomberg, the American company, while reorganizing, intends to fully preserve the number of its staff. This will be possible due to the reduction in the number of shifts at enterprises producing non-high-demand models in Michigan and Kentucky. However, these employees in the amount of 1, 150 people will be transferred to other plants, where the production of Lincoln Navigator and Ford Expedition SUVs will be increased. Retail sales of the first model in 2018 increased by 36%, the second one - by 80%.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
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