Jaguar Land Rover to cut 10% of workforce at UK Halewood factory

Jaguar Land Rover to cut 10% of workforce at UK Halewood factory
FILE PHOTO: A worker arrives at Jaguar Land Rover’s Halewood Plant in Liverpool, Britain, January 10, 2019. REUTERS/Phil Noble LONDON (Reuters) – British carmaker Jaguar Land Rover (JLR) (TAMO.NS) said on Wednesday it will cut around 10% of the workforce at its northern English Halewood factory as it changes shift patterns to boost efficiency at the site. The Unite Union... Read More

Daimler warns 2019 profits to halve as problems deepen

Daimler warns 2019 profits to halve as problems deepen
FRANKFURT (Reuters) – German luxury carmaker Daimler (DAIGn.DE) issued the latest in a procession of profit warnings on Wednesday, hit by costs related to the industry’s diesel emissions scandal, heavy investment in electric vehicles and production problems. FILE PHOTO: A Mercedes-Benz “Vision URBANETIC” concept car is seen in front of the Daimler AG logo during the company’s annual news conference... Read More

Activist investor calls on Toshiba Machine to put defense plans before shareholders

Activist investor calls on Toshiba Machine to put defense plans before shareholders
FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson TOKYO (Reuters) – Japan’s most prominent activist investor on Wednesday demanded Toshiba Machine Co (6104.T) hold an extraordinary shareholders meeting to discuss its plans to introduce defense measures against a hostile takeover. The demand from investor Yoshiaki Murakami came a... Read More

Major 737 MAX buyer Air Lease remains confident in demand for jet

Major 737 MAX buyer Air Lease remains confident in demand for jet
FILE PHOTO: Several Boeing 737 Max aircraft are seen parked outside the company’s production facility in Renton, Washington, U.S. January 10, 2020. REUTERS/Lindsey Wasson/File Photo DUBLIN (Reuters) – Aircraft lessor Air Lease Corp (AL.N), which has ordered 150 of Boeing’s (BA.N) grounded 737 MAX, remains confident in the jet’s long-term value, Chief Financial Officer Greg Willis said on Wednesday after... Read More

Airbus flies to record highs, TUI falls after latest Boeing blow

Airbus flies to record highs, TUI falls after latest Boeing blow
FILE PHOTO: An Airbus A350 takes off at the aircraft builder’s headquarters in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau/File Photo PARIS/LONDON (Reuters) – Airbus’ (AIR.PA) shares rose to record highs on Wednesday, after its U.S. arch rival Boeing (BA.N) warned of new issues with the Boeing 737 MAX plane, while customers and suppliers slumped after the latest... Read More

Activist investor calls on Toshiba Machine to put defence plans before shareholders

Activist investor calls on Toshiba Machine to put defence plans before shareholders
FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson TOKYO (Reuters) – Japan’s most prominent activist investor on Wednesday demanded Toshiba Machine Co (6104.T) hold an extraordinary shareholders meeting to discuss its plans to introduce defence measures against a hostile takeover. The demand from investor Yoshiaki Murakami came a... Read More

Exclusive: Bank of America to hire 50 bankers for Asia dealmaking team in 2020 – sources

Exclusive: Bank of America to hire 50 bankers for Asia dealmaking team in 2020 – sources
HONG KONG (Reuters) – Bank of America Corp (BAC.N) will recruit about 50 bankers for its investment team in Asia this year, as it pushes to bulk up its dealmaking business and shore up revenues from the unit globally, three people with direct knowledge of the matter said. FILE PHOTO: The Bank of America building is shown in Los Angeles,... Read More

Daimler 2019 profit down by half, diesel scandal weighs

Daimler 2019 profit down by half, diesel scandal weighs
FILE PHOTO: A Mercedes-Benz “Vision URBANETIC” concept car is seen in front of the Daimler AG logo during the company’s annual news conference in Stuttgart, Germany, February 6, 2019. REUTERS/Michael Dalder FRANKFURT (Reuters) – German luxury car maker Daimler (DAIGn.DE) on Wednesday issued its third profit warning for 2019, as costs related to the diesel scandal, heavy investment in electric... Read More