Volvo to limit top speed of its cars.
Volvo to limit top speed of its cars
For as long as there have been cars on American roads, the decision to obey speed limits -- or recklessly push a vehicle to the edge of its performance -- typically has been left to drivers. Now one major auto manufacturer is reclaiming some of that control. This week, Volvo, the Chinese-owned Swedish automotive brand known for its emphasis on safety, announced plans to cap the top speed of all its new cars. Beginning in 2020, the company said, Volvo cars will be limited to about 112 mph.
Aon looking at Willis Towers Watson
Aon is considering an offer to buy rival insurance brokerage Willis Towers Watson, according to people familiar with the matter, in what could be the industry's largest ever merger, Bloomberg News says. Aon is preparing to submit a bid for Willis Towers in the coming weeks, said the sources. The companies have held preliminary talks, sources said. No final decision has been made and Aon could opt to not move forward with an offer, they said.
GE tumbles as CEO warns of cash burn
General Electric Co. sank after Chief Executive Officer Larry Culp surprised investors by warning that the beleaguered manufacturer would burn through cash this year. Hurdles in the company's power division and other operational pressures will push the company into negative industrial free cash flow, Culp said Tuesday. GE brought in $4.5 billion last year by that closely watched metric, which measures leftover cash generated by the company's manufacturing units after accounting for operating and other expenses. "We think this is a transformation in the making, but we need to pay the piper," Culp said at a JPMorgan Chase & Co. conference in New York.
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|Title Annotation:||Business wire_|
|Publication:||Daily Herald (Arlington Heights, IL)|
|Date:||Mar 6, 2019|
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