David Welch
GM plans more than 14,000 job cuts, 7 factory closings
NEW YORK - General Motors Co. will cut more than 14,000 salaried staff and factory workers and close seven factories worldwide by the end...
SUVs save the day again in June as U.S. car demand...
NEW YORK - Automakers may have no chance of matching last year’s record United States sales, but they’re still selling lots of expensive trucks...
American SUV boom puts sedans on path of the forgotten minivan
After the birth of the sport utility vehicle, minivans disappeared from many American driveways. Family sedans appear to be headed down a similar road.
Passenger...
VW toys with giving up the U.S. mass market, and dealers...
The suggestion was startling: Maybe VW should give up on selling cars to America’s masses.
It was late January, at the Detroit auto show, and...
Millennials are developing parents’ taste for Jaguars, Cadillacs
NEW YORK - Millennials are developing a taste for expensive - and even luxury - automobiles and taking out cheap leases so they can...
Medtronic to acquire device-maker Covidien for $42.9B
MINNEAPOLIS – Medtronic Inc., the second-largest maker of medical devices, agreed to buy Covidien PLC for $42.9 billion in cash and stock as it...
GE said to seek partners on Alstom assets to appease France
General Electric Co., seeking approval from France’s government for its $17 billion Alstom SA energy bid, is in early-stage talks with nuclear-plant maker Areva...
Textron said to consider bid for struggling Beechcraft
NEW YORK - Beechcraft Corp., the U.S. planemaker that emerged from bankruptcy protection this year, is for sale again, people with knowledge of the...
Amgen said to increase its bid for Onyx to $130 a...
NEW YORK -- Amgen Inc., the drugmaker in pursuit of Onyx Pharmaceuticals Inc., boosted its offer for the company to $130 a share, according...
Shaw’s parent faces restructuring after acquisition deal falters
NEW YORK - Shaw’s Supermarket faces restructuring after a private-equity deal to acquire its parent company Supervalu Inc., faltered.
Cerberus Capital Management LP’s pursuit...
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