Barely three weeks ago, Daimler AG dialed back profit expectations for the year. The move was seen as a housekeeping exercise to allow CEO Ola Kallenius to start with a clean slate.
July 12, 2019Search
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Walmart Hunts for New Online Revenue Chief as Losses Mount
Walmart Inc. has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead. The company is searching for a new chief revenue officer for its U.S. e-commerce business, who would work under online leader Marc Lore to help map out its battle plan against Amazon.com, Target Corp. and other rivals.
July 12, 2019VW, Ford Extend Collaboration to Electric, Self-Driving Cars
Volkswagen AG and Ford Motor Co. will cooperate on electric and self-driving car technology, sharing costs on a global scale to take a major step forward in the industry’s disruptive transformation.
July 12, 2019Ford-VW Alliance Seen Amping Up Pressure on Other Automakers
The soon-to-expand alliance between Ford Motor Co. and Volkswagen AG has the potential to transform the global auto industry and increase pressure on other manufacturers developing electric and self-driving cars, analysts said.
July 11, 2019Amazon Commits $700 Million to Retrain Workers in New Skills
Amazon.com Inc. said it will spend $700 million to retrain about one-third of its U.S. workforce in skills needed to thrive in the new economy.
July 11, 2019Amazon Back on Cusp of $1 Trillion Value After 7-Day Streak
Amazon.com Inc. is flirting with a $1 trillion valuation again after posting its longest winning streak since briefly surpassing that level in September.
July 11, 2019EPA: Day Cabs Can Qualify for SmartWay Designation
Day cabs — especially those with a high roof and pulling a box trailer — can qualify for SmartWay designation that signifies the equipment significantly lowers fuel use and reduces air pollution, the Environmental Protection Agency said.
July 10, 2019Tesla Readies Production Boost, Hints of Return to Hiring Mode
Tesla Inc. is poised to increase production at its California car plant and is back in hiring mode, according to an internal e-mail sent days after the company wrapped up a record quarter of deliveries.
July 10, 2019Walmart Got a $10 Billion Surprise After Buying Flipkart
When Walmart Inc. paid $16 billion for control of India’s e-commerce pioneer Flipkart Online Services Pvt. last year, the American retail giant got a little-noticed digital payments subsidiary as part of the deal.
July 10, 2019DHL Sees Life Sciences, Pharmaceuticals as Key to Growth
DHL Global Forwarding USA is rapidly moving to increase the amount of medical, life sciences and pharmaceutical freight — especially temperature-controlled items — it is forwarding around the world.
July 10, 2019