Guangzhou Auto Group eyes U.S. sale by 2019 at Detroit show
Guangzhou Automobile Group GAC unveiled EnSpirit plug in hybrid, GS7 five seat SUV and GE3 electric SUV at Detroit. Yu Jun said GAC aims to start U.S. sales by 2019 with a dealer network and a U.S. research center. Prices for GX7 15000 to 18000 dollars, targeting US market with stricter safety rules.
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Volkswagen eyes world top as 2016 sales surge
VW faced a 2016 scandal over diesel emissions yet posted 10.31 million vehicles, aided by China demand, to challenge Toyota for global No. 1. The Wolfsburg firm settled $15 billion with U.S. authorities and faces probes, while executives faced arrests and guilty pleas as the company sought a return to growth.
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Nasdaq hits new high as market closes modestly higher
Nasdaq composite rose 0.4 percent to 5551.82 by close marking a fourth straight record. S&P 500 held steady at 2268.90 while the Dow dipped 0.2 percent to 19855.53. Illumina jumped 16.6 percent after strong Q4 sales and NovaSeq launch.
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Associated Press
Salmonella Recall Hits Twinkies and Palmer Candy Treats
The Chicago Tribune reports a recall of Holiday White Peppermint Twinkies and Palmer Candy products due to milk powder contamination. Hostess Brands and Palmer Candy removed affected items sold across the United States with brands including Public and Trail's End. FDA environmental tests detected salmonella at the milk powder supplier Valley Milk Products, though the powder itself tested negative.
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