Peter Wells

3 results

The move is expected to result in about $600 million (€537 million) in annual savings for the company, says chief executive Jim Hackett.

Ford plans to eliminate 7,000 jobs, or about 10 per cent of its global workforce, as part of its ongoing, $11 billion (€9.85 billion) effort to restru(...)

Jerome Powell, chairman of the Federal Reserve, speaks during a House Financial Services Committee hearing, on Capitol Hill in Washington DC, July 18th. President Donald Trump criticised the Fed for raising interest rates, a rare rebuke by a sitting president that upends longstanding executive branch protocol to avoid commenting on monetary policy. Photograph: Al Drago/The New York Times

President Donald Trump criticised the Federal Reserve’s recent interest rate rises and voiced his dissatisfaction with the strong US dollar, sending t(...)

Mike Flewitt, the chief executive of McLaren Automotive, with a McLaren Senna in Woking, England. Photograph: Andrew Testa/The New York Times

“These are not like rational purchases,” Mike Flewitt said. “You don’t need to buy a McLaren.” Sharing the room was a sculptural, blue McLaren 570S S(...)