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PARIS/TURIN, Italy (Reuters) - Peugeot maker PSA Group and Fiat Chrysler would retain all of their car brands if their planned $50 billion merger goes ahead, the would-be chief executive of the combined group said on Friday. PSA CEO Carlos Tavares, seen as the architect of PSA's turnaround and in line to take the operational helm in the Fiat tie-up, said in a TV interview that the companies complemented each other well geographically and in terms of technology and brands. F
The U.S. Department of Energy said on Thursday that President Donald Trump had formally nominated Deputy Energy Secretary Dan Brouillette, a former vice president of Ford Motor Co and Louisiana state energy regulator, to head the department. If confirmed by the Senate, Brouillette will replace Rick Perry, who said last month he would step down by the end of the year. "If confirmed, I will further Secretary Perry's legacy of promoting energy independence, innovation, and security for the Americ
An earthbound jet known as the Bloodhound became one of the world's 10 fastest cars this week, on target for its goal to set a new land speed record. "The feeling in this car is fantastic," driver Andy Green told The Associated Press on Friday, days after the Bloodhound hit 501 mph (806 kph) in South Africa's northern desert. Bloodhound's next goal is to reach 550 mph (885 kph), possibly in the coming week.
The acting head of the United Auto Workers (UAW) said on Wednesday that he will examine every department of the union in response to a spreading federal corruption probe that has damaged the union's standing during contract talks with Detroit's automakers. "We're going to be looking at every inch of this union to make sure we embrace tight controls," Rory Gamble told Reuters in an interview shortly after federal prosecutors issued new charges against a former top UAW official. Gamble said that