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China car slump persists with sales plunging for 10th month

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Bloomberg For decades, there was just one way for China’s car market: up. Once the trend abruptly reversed 10 months ago, the free fall in the world’s largest market has shown no signs of easing. Retail sales of sedans, sport utility vehicles, minivans and multipurpose vehicles continued their plunge in March, dropping 12 percent to 1.78 million units, the China ...

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Trump to seek limits on state power in pipeline approvals

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Bloomberg Developers have been trying for six years to build a 124-mile natural gas pipeline from Pennsylvania to New York. Despite winning a federal approval in 2014, the project is still no closer to reality. Enter President Donald Trump, who on Wednesday is poised to issue an executive order to promote projects like the long-stalled Constitution Pipeline, according to people ...

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Tesla opens new quarter with more sales staff cuts

Bloomberg Tesla Inc. followed a disappointing deliveries report by cutting another swath of sales staff across the country, as the electric-car maker continues to pare back personnel and shift its ordering process online. The company dismissed several dozen sales team members in Chicago; Brooklyn, New York; and Tampa, Florida; according to people familiar with matter. The latest round of staff ...

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