What a merger between Nissan and Honda could mean for the automakers and the industry

BANGKOK (AP) — Japanese automakers Nissan Motor Corp. and Honda Motor Co. confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger. Nissan’s share price soared nearly 24% in Tokyo after reports citing unnamed sources said...

Companies from UK, Italy and Japan to form joint venture for new fighter jet

LONDON (AP) — The three companies building a next generation fighter jet for the U.K., Italy and Japan revealed Friday that they are forming a joint venture to deliver the aircraft. Under the agreement, Britain's BAE Systems, Italy's Leonardo and Japan Aircraft Industrial...

Albertsons sues Kroger for failing to win approval of their proposed supermarket merger

Kroger and Albertsons' plan for the largest U.S. supermarket merger in history crumbled Wednesday, with Albertsons pulling out of the $24.6 billion deal and the two companies accusing each other of not doing enough to push their proposed alliance through. Albertsons said it had filed...

Proposed merger of supermarket giants Kroger and Albertsons is halted by federal, state judges

The proposed merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two separate cases both halted the deal. U.S. District Court Judge Adrienne Nelson issued a preliminary injunction blocking the merger Tuesday after holding a three-week...

Trump says he'll name Andrew Ferguson head of FTC and Kimberly Guilfoyle as ambassador to Greece

WASHINGTON (AP) — President-elect Donald Trump made another flurry of job announcements on Tuesday, selecting Andrew Ferguson as the next chair of the Federal Trade Commission, Ron Johnson was nominated to be ambassador to Mexico, and Kimberly Guilfoyle to be ambassador to Greece. ...

A federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons

Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets

DETROIT (AP) — The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year. The Detroit automaker said in a regulatory filing Wednesday...

Trump vows to block Japanese steelmaker from buying US Steel, pledges tax incentives and tariffs

HARRISBURG, Pa. (AP) — President-elect Donald Trump is underscoring his intention to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp., and he's pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker. Trump had vowed early...

General Motors to sell its stake in Lansing, Michigan, battery factory to LG Energy Solution

DETROIT (AP) — General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, Michigan. The company said Monday that it has a nonbinding agreement for the sale to joint venture partner LG Energy Solution of South Korea....

Stellantis CEO Carlos Tavares steps down as carmaker continues struggle with slumping sales

NEW YORK (AP) — Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing struggle with slumping sales. The world’s fourth-largest carmaker announced that its board...