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Opening up the dairy market could cause problems for Trudeau, since the influential farming industry opposes the idea. The Dairy Farmers of Canada lobby group did not respond to a request for comment. Sources familiar with the talks told Reuters on Sept. 11 that Canada was ready to give the United States limited dairy access. Ottawa has offered farmers compensation to make up for conceding market share in two earlier trade agreements. Automaker executives briefed on the plans said Saturday they expect a final deal similar to the one reached with Mexico that would effectively cap Canadian vehicle and auto parts exports at a level around 40 to 50 percent higher than existing imports.
The agreement would allow the United States to impose tariffs of up to 25 percent on vehicles above the cap, The USTR’s office reached out to automakers over the weekend to seek input about how the cap will work and how the vehicle quota will be apportioned, cartier cufflinks an auto industry executive briefed on the matter said, One big uncertain question for U.S, and foreign automakers is whether U.S, tariffs on Canadian steel will be lifted, A NAFTA deal had looked unlikely on Wednesday when, after a month of slow-moving discussions, Trump indicated he was fed up with Trudeau, who has insisted he will not sign a bad deal..
WASHINGTON (Reuters) - U.S. Securities and Exchange Commission chairman Jay Clayton said in a statement on Saturday that the agency’s settlement with carmaker Tesla was in the best interests of the U.S. markets and company shareholders. Earlier on Saturday, the agency said it had fined Musk and Tesla $20 million each and required Musk to step down as chairman to settle securities fraud charges over Aug. 7 tweets in which Musk said he was taking the company private. “I..fully support the settlements agreed today and believe that the prompt resolution of this matter..is in the best interests of our markets and our investors, including the shareholders of Tesla,” Clayton said.
BEIJING (Reuters) - General Motors’ joint venture in China, Shanghai GM, will recall more than 3.3 million Buick, Chevrolet and Cadillac vehicles from Oct, 20 because of a defect with the suspension system, China’s market regulator said on Saturday, The recall includes cars produced between 2013 cartier cufflinks and 2018, the State Administration for Market Regulation said in a statement, GM will contact those affected and repair the vehicles free of charge, it said, GM Shanghai said in a text message the suspension arm may be deformed under extreme operating conditions, but there are no known casualties related to the issue..
MUNICH (Reuters) - German brake maker Knorr-Bremse [STELLG.UL] has disclosed a contractual dispute with Robert Bosch GmbH [ROBG.UL] ahead of a stock market flotation that could raise up to 4.2 billion euros ($4.9 billion). Knorr said Bosch, the privately held auto components business, accuses it of competing in truck steering systems in violation of agreements between the two companies, according to a copy of the issue prospectus seen by Reuters. Bosch therefore wishes to exit a joint venture by exercising an option to sell its 20 percent stake back to Knorr for 380 million euros. It has invoked arbitration proceedings in a bid to complete the sale, the prospectus adds.
Knorr disputes that Bosch has the right to exercise the cartier cufflinks option, “We will resolutely defend ourselves against such demands,” the company said in the prospectus, Knorr has bundled most of its European operations into the joint venture, which is called Knorr Bremse Systeme für Nutzfahrzeuge GmbH, It was not immediately clear whether the dispute would affect Knorr’s initial public offering, which was confirmed on Friday when the company said it would issue shares on behalf of owners Heinz Hermann Thiele and his family..
The share offering, which begins on Monday, has been priced at 72 to 87 euros apiece, valuing Knorr at between 11.6 and 14 billion euros. If completed, it would be the largest stock market listing by a German company this year and would leave Knorr with a free float of up to 30 percent. Bosch said in response to a Reuters inquiry that it had decided to conduct a “thorough review” of its investment in the joint venture, citing differences over future strategy. Bosch declined to give further details on the dispute.
(Reuters) - CBS Corp is facing probes by both New York city and state officials tied to sexual assault and harassment accusations of its ex-chief executive Leslie Moonves, the company revealed in a regulatory filing on Friday evening, The disclosure of the probes comes just hours after the new CBS board of directors met for the first time in New York, The broadcast and media company received cartier cufflinks subpoenas from the New York County District Attorney's Office and the New York City Commission on Human Rights related to the allegations against Moonves, CBS News and cultural issues in the company, according to a Securities and Exchange Commission filing bit.ly/2OjogOY..