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Electrify America plans $200mn for clean cars

Bloomberg Electrify America, created by Volkswagen AG as part of a settlement from the automaker’s emissions-cheating scandal, filed plans with California regulators to invest a second $200 million in electric car charging infrastructure. The investments will include deploying fast-charging stations in cities including Santa Cruz, Los Angeles and San Francisco, according to a statement Wednesday. Part of the money will ...

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EU set to offer ‘super-charged’ free-trade deal to Britain

Bloomberg The European Union is set to offer the UK a free-trade deal deeper than any agreement that’s gone before, but will reject Prime Minister Theresa May’s demand for “frictionless trade,” according to EU diplomats. The EU’s vision for future ties with Britain will contain “about 30-40 percent” of May’s pitch for a wide-ranging trade and security deal, according to ...

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Ford to cut salaried jobs in $11 billion restructuring plan

Bloomberg Ford Motor Co. has told its 70,000 salaried employees that they will face unspecified job cuts as part of the automaker’s $11 billion restructuring, a bid to reverse its fading fortunes and cope with competitive pressures more nimbly. Morgan Stanley has speculated that Ford may pare more than 20,000 jobs from its global workforce of 202,000, but the automaker ...

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