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Trump’s trade war with China may hit parts of your car first

Bloomberg The US-China trade war threatens to make September a very slow month at ED Opto Electrical Lighting Co.’s auto-parts factory in the eastern Chinese city of Zhenjiang. With President Donald Trump slapping tariffs on items like car gaskets and ignition wiring sets in July, American buyers of the company’s LED car lights pushed hard over the summer to get ...

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Cobalt-light batteries give cost advantage to Tesla

Bloomberg Tesla Inc.’s lead in battery technology gives it a cost advantage that may last for several years and help US electric-car maker face down an onslaught of new competition, according to research from Bloomberg New Energy Finance. Batteries made by the US manufacturer and its Japanese partner, Panasonic Corp., require less cobalt, the metal whose price has shot up ...

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Scor spurns $9.6bn bid from insurer’s biggest investor

Bloomberg French reinsurer Scor SE spurned an 8.3-billion-euro ($9.6 billion) unsolicited takeover offer from its biggest shareholder, Covea, which said it’s still interested in pursuing a deal. Scor shares climbed the most in almost a decade. Covea, a French mutual insurer that already has an 8.2 percent stake in Scor, said that it offered to buy the remaining stock for ...

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