Tesla sells $837 million of bonds backed by auto leases

Tesla Inc. sold $837 million of bonds backed by auto leases Friday, taking advantage of a rebound in investors’ sentiment toward the company to provide further support to its fast-growing leasing operation. Tesla’s TSLA, -2.94%  decision to sell the auto-lease bonds comes amid a spate of volatility in debt markets and during a year-end period when many investors lose interest […]

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Ford, GM stocks have ‘large upside potential,’ says Deutsche Bank

Deutsche Bank analyst Emmanuel Rosner initiated coverage of Ford Motor Co. F, +1.53% and General Motors Co. GM, +1.03% with buy ratings on Friday, writing that he sees "large upside potential" for the stocks given strong earnings and cash flow, a "favorable product cycle," and new efforts in mobility. "With Ford’s stock breaching levels not seen since 2012, we believe […]

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China says it’s preparing to increase access for foreign companies

China plans to replace an industrial policy savaged by the Trump administration as protectionist with a new program promising greater access for foreign companies, according to people briefed on the matter, in a move to resolve trade tensions with the U.S. China’s top planning agency and senior policy advisers are drafting the replacement for Made in China 2025—President Xi Jinping’s […]

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Trump says he’ll step in over Huawei if needed; cites progress over trade

President Donald Trump said he’s ready to intervene in a growing crisis over a Chinese telecommunications executive if it can help trade relations with the country. Trump made the comment in an interview with Reuters that published Tuesday. Huawei Technologies Co.’s chief financial officer Meng Wanzhou was granted bail by a Canadian judge on Tuesday after more than a week […]

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GM fights Washington to retain $7,500 tax credit for electric cars

General Motors is fighting to retain a valuable tax credit for electric vehicles as the nation’s largest automaker tries to deal with the political fallout triggered by its plans to shutter several U.S. factories and shed thousands of workers. Preserving the $7,500 tax incentive for buyers is crucial for GMGM, -2.83%  as the company pivots from internal combustion engines in […]

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UK's May deciding whether to delay parliament Brexit vote – newspaper editors

LONDON (Reuters) – British Prime Minister Theresa May is due to make a decision on Monday on whether to delay a parliamentary vote on her Brexit deal set for Tuesday, British political correspondents said. After repeated warnings from members of parliament in her own party that she will lose the vote, the Daily Mail’s political editor, Jason Groves, said that […]

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