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UK luxury carmakers brace for worst as Brexit looms

Bloomberg Aston Martin and Bentley Motors saw this crash coming — but it’s still going to sting. Speaking onstage at a conference in Detroit before and after the British Parliament rejected Prime Minister Theresa May’s Brexit deal, the chief executive officers of two companies synonymous with UK carmaking had been bracing for disaster. Both have been making arrangements to do ...

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Trump pushes limits on unpaid workers

Bloomberg The Trump administration has ordered thousands of furloughed federal employees back to work without pay to inspect planes, issue tax refunds, monitor food safety and facilitate the sale of offshore oil drilling rights. The efforts in recent days illustrate how President Donald Trump is trying to limit the impact of the partial government shutdown and shield favoured industries as ...

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Volkswagen-Ford alliance leaves investors feeling jilted

Bloomberg The much-anticipated alliance announcement by Volkswagen AG and Ford Motor Co left investors feeling let down as it lacked a big-bucks plan to join forces on electric vehicles and self-driving cars. Wall Street was hoping for a blockbuster deal, such as the billions of dollars General Motors Co. landed for its self-driving unit from Honda and SoftBank Vision Fund ...

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