American-made cars could gain big boost in China
China's possible tariff roll back on imported vehicles could lower U.S. car prices for Chinese buyers and lift sales. BMW Group, Mercedes-Benz, Ford, Fiat Chrysler, and Tesla export from U.S. plants, with BMW leading the shipments, and Chinese sales of U.S. made vehicles totalling about 266,657 last year.
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BMW
South Carolina
LMC Automotive
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BMW Group
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LMC
Ford Motor
Fiat Chrysler
Tesla
Top export models from U.S. plants to China in 2017
LMC Automotive lists the 20 best selling U.S. exports to China in 2017 led by the BMW X5 with 52407 units, followed by the Mercedes-Benz GLE and BMW X3. The mix includes Lincoln, Ford, Tesla, Jeep, Toyota, Chrysler brands, and others.
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China
America's Markets Close Up 1.7 Percent in Volatile Session
U.S. equities ended higher as major averages gained ground amid mixed signals on inflation and growth. The Dow edged up as energy and tech shares supported the advance while financials faced pressure from rate expectations.
Xi rally drives Dow gains as Xi speech eases trade fears
Investors cheered Xi Jinping signals of lower auto tariffs and greater market access as a de escalation in U S China tensions, lifting stocks. Goldman Sachs economists noted potential for reduced trade risk and improved China growth while no tough stance from Beijing was emphasized. The rally followed a defused tariff dispute and a calmer tone from state media. The Dow rose about 428 points with broad gains across major indexes.
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Kroger to Hire About 11,000 More Workers Nationwide
Kroger plans to hire roughly 11,000 new supermarket workers as it expands staffing amid stiff competition from Walmart and Amazon. The chain, which operates over 2,700 stores in 35 states under brands like Smith’s, Fred Meyer, Ralphs and King Soopers, has added 22,000 roles in the last two years and 100,000 in a decade. Municipal officials note wage boosts in March bargaining at Cincinnati stores.
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Tim Massa
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