Bankruptcy

Canada, Mexico laud progress at NAFTA talks

The United States, Canada and Mexico are looking at a retooled trade pact that would require North American-built light vehicles contain content that is roughly 75 percent sourced in the three countries, up from 62.5 percent now.

UPDATED: 4/12/18 5:59 pm ET - adds details

GM says South Korean unit will file for bankruptcy if no union concessions

General Motors said its loss-making South Korean operations would file for bankruptcy if its union did not agree to cut labor costs by April 20, the union said.

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