Ross tells Canada that U.S. will open NAFTA negotiations, report says
Canadian officials say billionaire Wilbur Ross, the nominee for US commerce secretary, has indicated to them that a formal-notification letter to open negotiations on NAFTA will be sent to Canada and Mexico within days of the inauguration of President-elect Donald Trump, according to the Globe and Mail newspaper.
VW delays bid to boost Audi's China sales with SAIC deal
VW Group says it will not produce or sell any Audi cars with SAIC in China until at least 2018, seeking first to strengthen ties with existing Audi partner FAW. A partnership with SAIC, China's largest automaker, could boost Audi's slowing sales as rival Mercedes makes ground in the market.