Tag Archives: $1.2

Ford announces $1.2 bn investment in US auto plants

Ford announces $  1.2 bn investment in US auto plantsFord announced Tuesday that it will invest $ 1.2 billion in three Michigan plants, most of which is part of a 2015 deal with its workers. Ford said all but $ 200 million of the new investment was part of its labor contract with United Auto Workers, the union representing Ford plant employees, which secured a commitment for $ 9 billion in investments in US plants by 2019. President Donald Trump, who has repeatedly singled out the auto industry and pressured them to keep plants and jobs in the country, foreshadowed the news in a morning tweet.

Yahoo News – Latest News & Headlines

US fines China's ZTE $1.2 bn for violating Iran, N.Korea sanctions

US fines China's ZTE $  1.2 bn for violating Iran, N.Korea sanctionsThe US government has slapped $ 1.2 billion in fines on Chinese telecom giant ZTE for violations of US export controls for selling goods to Iran and North Korea, officials announced Tuesday. It is the largest criminal penalty in US history in an export control case, US officials said, though there have been larger fines involving financial firms. The company will immediately pay $ 892 million, while another $ 300 million in penalties are suspended for seven years.

Yahoo News – Latest News & Headlines