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U.S. Trade Deficit Rose to 9-Year High in 2017
2/8/2018The U.S. trade deficit for goods and services grew 12% to $556 billion last year, its highest level since 2008, according to the Dept. of Commerce.
Lyft Hires Former Tesla Sales Chief as COO
2/8/2018Ride-hailing service Lyft Inc. has hired Jon McNeill, formerly president of global sales and service at Tesla Inc., to be its chief operating officer.
Honda, Nissan, Toyota to Meet Top U.K. Officials about Brexit
2/8/2018Representatives from Honda, Nissan and Toyota are to join other Japanese investors in a meeting today with the U.K.’s top officials to discuss the impact of England’s departure from the European Union next year.
Ford Unveils Off-Road Ranger in Thailand
2/7/2018Ford Motor Co. is adding an off-road performance version of its new Ranger pickup truck.
Harley-Davidson Recalls 250,000 Bikes with Brakes that Could Fail
2/7/2018Next week Harley-Davidson Inc. will begin recalling some 250,000 motorcycles worldwide, including 174,600 in the U.S., because their antilock brakes suddenly fail without warning.
Tesla’s Losses Nearly Triple
2/7/2018Tesla Inc. says its consolidated revenue in 2017 jumped by two-thirds to $11.8 billion, but net losses ballooned to $2 billion from $675 million in 2016.
L.A. Rated the World’s Most Congested City, Again
2/7/2018For the sixth straight year Los Angeles was rated the most congested city in the world, according to Inrix Inc.’s annual scorecard.
EU Expects 2.3% Growth for Eurozone in 2018
2/7/2018The European Commission predicts economic growth in the European Union and eurozone will be 2.3% this year, compared with about the 2.4% it estimates for 2017.
Ford Launches Chariot Ride Service in London
2/7/2018Ford Motor Co. has expanded its Chariot shuttle business to London, the first city outside the U.S. to offer the on-demand service.
Hyundai Readies Kona EV
2/7/2018Hyundai Motor Co. will introduce an all-electric variant of its tiny Kona crossover vehicle at next month’s Geneva auto show.