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News of Fiat Chrysler’s plan may put pressure on GM to respond, coming moments before Barra approached the cameras on Capitol Hill to discuss her meetings with lawmakers. GM has come under intense criticism from both Democratic and Republican lawmakers as well as U.S. President Donald Trump for its plan, with many asking the automaker to reverse its decision. Last week, Trump demanded GM add a new product at a plant in Ohio targeted for closure and later threatened to cut electric vehicle subsidies.
Trump has repeatedly praised Fiat Chrysler for announcing it would shift truck production from Mexico to the United States, The White House did not immediately comment on Fiat Chrysler’s plans on Thursday, GM’s closures could become a campaign issue in 2020, with Democrats arguing it is evidence the corporate tax cuts approved a year ago have not deterred companies from closing plants, Trump made restoring auto production a top priority of his campaign - and also praised Germany’s BMW for considering plans to build a new transmission stainless steel white pave crystal superman cufflinks plant in the United States..
BEIJING (Reuters) - The United States is trying to “stifle” Chinese technology company Huawei and curb its global expansion with the arrest of a top executive, Chinese state media said on Friday. Huawei Technologies Co Ltd’s chief financial officer, Meng Wanzhou, the 46-year-old daughter of the company’s founder, was detained in Canada on Dec. 1, the same day U.S. President Donald Trump and Chinese President Xi Jinping dined together at the G20 summit in Buenos Aires. Trump did not know about plans to arrest a top executive at the Chinese telecoms giant in Canada, two U.S. officials said on Thursday, in an apparent attempt to stop the incident from impeding crucial trade talks with Beijing.
Canadian Prime Minister Justin Trudeau also sought to distance himself from the arrest, saying the decision was made “without any political involvement or interference”, China has demanded Meng’s immediate release, and complained neither Canada nor the United States have given a reason for the arrest, The official China Daily said in an editorial there was still “no telling” on what grounds Meng had been detained stainless steel white pave crystal superman cufflinks and that it seemed to be part of U.S, plans to pressure its allies not to use Huawei goods..
“But one thing that is undoubtedly true and proven is the U.S. is trying to do whatever it can to contain Huawei’s expansion in the world simply because the company is the point man for China’s competitive technology companies,” it said. “What is badly needed for the development of China-U.S. ties is political trust. Yet Washington, in persuading and pressuring its allies to shun cooperation with Huawei, has helped erode that political trust,” the English-language paper said.
Influential tabloid the Global Times, published by the ruling Communist Party’s People’s Daily, said the United States was “resorting to a despicable rogue’s approach as it cannot stop Huawei’s 5G advance in the market”, The United States was abusing stainless steel white pave crystal superman cufflinks “legal procedure to stifle Huawei”, it said, “Despite incomplete information about the incident, the U.S, move obviously goes against the consensus reached between the heads of state of China and the U.S, in Argentina,” the paper wrote..
NEW YORK (Reuters) - Bombardier Inc (BBDb.TO) said on Thursday it expects to deliver 150 to 155 business aircraft next year, helping the Canadian maker of planes and trains meet an $18 billion revenue target for 2019. Montreal-based Bombardier is forecasting 15 to 20 deliveries of its flagship Global 7500 jets next year, after the long-range corporate planes enter service “in the coming days,” David Coleal, President of Bombardier Business Aircraft, told the company’s investor day in New York.
The jets, which list for $73 million and are sold out through 2021, will play a key role in Bombardier’s five-year turnaround plan to boost revenue and margins by 2020, Bombardier had faced a cash crunch in 2015 after investing heavily to bring two new planes to market, “We have options now,” Chief Executive Alain Bellemare said in an interview, “In 2015, we had no options.”, Bellemare would not comment on the company’s possible options, such as reducing company stainless steel white pave crystal superman cufflinks debt or buying back a 27.5 percent share of its rail division held by Canada’s second-largest pension fund next year..
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