05:25 AM EDT, 05/17/2024 (MT Newswires) -- General Motors ( GM ) and LG Electronics agreed to set up a $150 million fund as part of a settlement with owners of Chevrolet Bolt electric vehicles affected by defective batteries, Reuters reported Friday, citing court documents filed a day earlier. GM began recalling the Bolt in 2020 after complaints that the...

05:08 AM EDT, 05/17/2024 (MT Newswires) -- Toyota Motor ( TM ) was forced to repeatedly halt production at a Mexico facility where it manufactures the Tacoma pickup truck in February and March due to local labor shortages and technical issues, Reuters reported Friday, citing unnamed people with knowledge of the automaker's operations. Internal documents from Toyota ( TM )...

BEIJING/HONG KONG (Reuters) - China on Friday announced historic steps to stabilise the crisis-hit property sector, allowing local governments to buy some apartments, relaxing mortgage rules and pledging to deliver unfinished homes. Investors hoped the measures marked the beginning of more decisive government intervention to compensate for waning demand for both new and old apartments, slow down falling prices, and...

LONDON (Reuters) - BHP Group ( BHP ) would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note. They raised their price target for London-listed Anglo to 27.75 pounds a share after reexamining the value of its copper assets, and said the discount...