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GM, Fiat Chrysler cut jobs as sales pendulum swings to SUVs

  Bloomberg For unionized auto workers, even amid a booming US market, the only safe jobs of late have been building pickups and sport utility vehicles. Within the next month, General Motors Co. plans to permanently cut about 3,300 employees at three car plants, as the largest US automaker slashes production of models including the Chevrolet Cruze compact. The Detroit-based ...

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Disney hits industry-first $7 billion at box office

  Los Angeles / AFP A huge debut for “Rogue One” has seen Walt Disney Studios become the first distributor in history to hit $7 billion in annual global box office receipts, it said. The $290 million worldwide opening for the “Star Wars” spinoff puts Disney’s haul for 2016 at $2.7 billion in North America, also an industry record, and ...

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Volkswagen judge ‘optimistic’ as diesel-cheating deal talks continue

  Bloomberg A federal judge said Volkswagen AG continues to make progress in settlement talks with car owners and regulators to fix or get about 80,000 Audi, VW and Porsche vehicles with emissions-cheating 3.0-liter diesel engines off US roads. US District Judge Charles Breyer, saying he was optimistic a resolution would be reached, ordered a “final continuance” and told lawyers ...

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