Bloomberg The UK is on course to botch the shift away from the combustion engine and end up a carmaking minnow. This week, mostly UK-based electric-van startup Arrival announced its CEO and president were stepping down. Last week, the CEO of Britain’s biggest auto manufacturer, Jaguar Land Rover, resigned after making little headway on an all-electric shift announced almost …

  Bloomberg Foxconn Technology Group has begun offering 10,000 yuan ($1,400) to any workers who choose to leave, an unusual decision intended to appease disgruntled new hires who played a central role in violent protests that rocked the world’s largest iPhone factory. Apple Inc.’s main global production partner said in an online notice the sum, to be paid out in …

  Bloomberg BMW AG is doubling its investment at its Hungarian factory to $2.1 billion, adding a high-voltage battery assembly facility that will create more than 500 jobs. Locating the battery assembly at the Debrecen plant will help BMW streamline logistics for production of its next generation electric cars that will use the ‘Neue Klasse’ underpinnings, the carmaker said. Output …

  Bloomberg Mercedes-Benz Group AG cut prices on two electric car models in China by as much as $33,000, as heated competition in the world’s biggest EV market impacts sales. The luxury automaker said in a statement that it was reducing prices on certain models from its EQ range, and that it would provide subsidies to customers who recently bought …

  Bloomberg Oneworld, the global airline alliance led by American Airlines Group Inc. and British Airways, is in discussions about bringing China Southern Airlines Co. into its ranks. China Southern is the nation’s largest airline with dual hubs in the capital Beijing and the southern city of Guangzhou, where it is headquartered. Bringing it into the oneworld alliance could provide …

  Bloomberg Portugal’s state-owned airline TAP SA will cancel 360 flights during a two day cabin-crew strike scheduled for December 8-9 after the carrier failed to reach a new agreement with unions. “The cancellation of the flights is happening now,” Chief Executive Officer Christine Ourmieres-Widener said at a press conference in Lisbon on. The strike will affect about half of …

Bloomberg Nike Inc. female workers who accuse the company of gender discrimination failed to persuade a federal magistrate they should be allowed to join together to sue the athletic shoe maker as a group. Magistrate Judge Jolie A. Russo in Portland, Oregon, recommended that the women’s request for class-action status be denied, but her findings were sealed from public view, …

  Bloomberg Deutsche Lufthansa AG is evaluating a solo bid for Alitalia successor ITA Airways after talks between the Italian government and other potential suitors collapsed, according to people with the matter. The German airline group is looking through ITA’s data room and could make a bid to acquire the carrier on its own, said the people, asking not to …

  Bloomberg Arrive at the airport early — the Thanksgiving travel rush is back. More people are traveling through US airports in the pre-holiday period than in 2019, according to the TSA. On November 22, 2,299,346 people were screened in security in American airports versus 1,968,137 passengers on the comparable day in 2019. The travel figures were higher as well, …

  Bloomberg The CEO of Walmart US, John Furner, says there is not currently “any reason to believe there is a continued threat to our Chesapeake store or any other Walmart facility” following the mass shooting at a store in Virginia. Details are still emerging, Furner said in a statement posted to the Walmart blog. Authorities confirmed six fatalities before …