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GM’s decision to end production at Oshawa and four U.S. plants is emblematic of a global shift, as automakers restructure and invest in next-generation vehicles, including electric and self-driving cars. With North American sales projected to flatten or decline, automakers are also wary of maintaining unnecessary capacity in the region. Politicians on both sides of the border have reminded GM that the U.S swarovski cufflinks india. and Canadian governments rescued it with public money a decade ago. After contributing more than C$10.5 billion to the 2009 GM bailout, the Canadian and Ontario governments sold their final equity stakes in 2015. A set of financing commitments, including domestic production, expired one year later, GM’s Paterson said..
Trump has threatened to cut all GM subsidies, a tough stance that Unifor has asked Canadian officials to adopt. But politicians from Ottawa and Toronto have taken a more moderate approach, saying there is nothing more they can do without GM’s cooperation. Dias calls their response inadequate. “That couldn’t be further from the truth. swarovski cufflinks india. We have been having conversations repeatedly,” said a federal government official. “I don’t think the solution is just throwing money at the company.”..
(Reuters) – PG&E Corp, which filed for bankruptcy last month in the wake of potential liabilities from California’s catastrophic wildfires, on Thursday extended the deadline by which investors must file paperwork if they want to install their directors on the board. Investors will now have until March 1 to nominate director candidates, the utility said in a regulatory filing here early on Thursday only hours before its original deadline was set to expire on Feb. 21 swarovski cufflinks india. Last month, PG&E shareholder BlueMountain announced plans to try and unseat all board members, criticizing the company for filing for Chapter 11 protection, a move it called unnecessary and harmful to investors..
The New York-based hedge fund, which owns roughly 8 million shares of PG&E, said last week that it was ready to announce its director candidates by the Feb swarovski cufflinks india. 21 deadline. PG&E promised board changes last week, saying that only five of its current board members would stand for re-election at the May 21 annual meeting. With a new board and fresh oversight, BlueMountain forecast that the company’s shares could trade at $50 in the future. PG&E’s stock closed up nearly 3 percent at $18.21 on Wednesday..
STOCKHOLM (Reuters) – Bill Browder, founder and CEO of investment fund Hermitage Capital Management, intends to file a criminal complaint against Swedbank with Swedish authorities over its involvement in alleged Baltic money laundering transactions, he said on Thursday swarovski cufflinks india. “It is my intention to file a criminal complaint against Swedbank,” Browder told Reuters, declining to specify when he would file the complaint. Danske is being investigated in five countries over some 200 billion euros ($226 billion) of suspicious payments from Russia, ex-Soviet states and elsewhere that were found to have flowed through its Estonian branch..