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After the Republican presidential front-runner Donald Trump criticized Ford Motor Company's investment strategy, the automaker had to defend itself and its actions. Mark Fields, Ford Motor Co. CEO, declared that being a global, multinational company, Ford will invest to keep competitive and will do what makes sense for the business. Fields told reporters at the New York auto show that the company was boosting investments in the United States. He also said Ford would not back away from foreign investments if they made sense. Trump has been attacking F...
Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house."You have to believe that there is a possibility that you will not necessarily go back above $100, you know, ever," Ian Taylor, Chief Executive Officer of Vitol Group BV, told Bloomberg. His company is the world's largest independent oil trader. Instead of any significant increase or decrease, the exec believes crude could hit $45 to $50 a barrel in the latter half of 2016 and...
After the VW debacle because of the Emissions fiasco and the subsequent handling of bad press and pending investigations from the US and EU authorities, a new winner has emerged: Toyota. Although general sales have declined for both automotive giants, at a rate of 1.5 percent, Toyota reported sales of 7.49 Million vehicles through September, while VW was able to report 7.43 Million. VW had been leading Toyota in all global sales for the first six months of the year. However, after the scandal, it has prioritized readying a system to repair approximately 11 Million vehicles worl...
China’s Black Monday sent the western markets into a tail-spin. And even though it was not as bad of a tail-spin as it was anticipated, it nevertheless sent the rest of the world stock markets —principally in the west, into a “Correction Mode.” And for good measure.When the markets close on Tuesday, we will know if investors decided to drive a strong recovery or if it all was left to spiral down deeper into the red abyss. Whatever happens, the general public will have now to learn a very strong and harsh truth: What happens around the world or outside our bo...