NADA End Of Day Automotive News Recap - January 18, 2019 - China Trade; Stock Markets; Ghosn More Charges; NAIAS Charity Preview
NADA End-of-Day Final News Edition
China has offered to go on a six-year buying spree to ramp up imports from the U.S., in a move that would reconfigure the relationship between the world’s two largest economies, according to officials familiar with the negotiations.
U.S. stocks ended the week strong on Friday, booking a four-day streak of gains, after reports that Washington and Beijing were debating concessions to help secure an eventual resolution to the ongoing U.S.-China trade dispute.
Nissan Motor Co. and Mitsubishi Motors Corp. said Carlos Ghosn improperly received nearly $9 million from a Dutch entity the car makers jointly owned, a rare public statement outlining specific allegations against the former chairman of both companies.
Source: The Wall Street Journal
The North American International Auto Show's Charity Preview at Cobo Center in Detroit runs 6-9 p.m. today. The event is "on track" to sell more than 10,000 tickets, according to the NAIAS. Last year's event raised nearly $5.1 million to benefit local children's charities. Since 1976, the charity preview has raised more than $117 million for Southeast Michigan children's charities.
Source: Crain's Detroit Business