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MSCI’s gauge of stocks across the globe .MIWD00000PUS gained 0.66 percent, after five sessions of losses. The dollar index .DXY, which measures the greenback against a basket of currencies, rose 0.26 percent, with the euro EUR= up 0.18 percent to $1.1328. Benchmark U.S. 10-year notes US10YT=RR last rose 2/32 in price to yield 3.114 percent, from 3.12 percent late on Wednesday amazing cufflinks uk sale. Oil futures rose for the second consecutive session after this week’s steep losses as U.S. fuel stockpiles declined and a possible cut in OPEC output helped support prices..
MIAMI (Reuters) – Ford Motor Co (F.N) Chief Executive Jim Hackett told Reuters the company was open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG (VOWG_p.DE) (VOWG.DE) was a “delicate dance.” amazing cufflinks uk sale. Volkswagen’s supervisory board is scheduled to meet on Thursday to review a 10-year strategic plan by Chief Executive Herbert Diess that is expected to propose using alliances with rivals to cut development costs for electric and autonomous vehicles and potentially other types of vehicles..
Ford and VW have acknowledged that they are in discussions. Hackett said on Wednesday a previously announced partnership to share development of future light commercial vehicles was “going better than we thought it would.”. “Herbert and I had a great discussion,” about the commercial vehicle business, Hackett said amazing cufflinks uk sale. However, Hackett said expanding collaboration to other areas, such as electric vehicles or consolidation in Latin America, would have to be done carefully, and no broader deal had been agreed..
“We compete in a bunch of areas as well,” he said. Ford’s share price has sunk 22 percent this year, reflecting investor frustration with the company’s pace of rolling out plans to restructure money-losing operations in Europe, Latin America and China, and a strategy for funding investments in autonomous and electrified vehicles amazing cufflinks uk sale. Ford earlier this year created a separate unit for its autonomous vehicle operations, which include a majority stake in self-driving car software company Argo AI. Potential investors could put money into either Ford’s autonomous vehicle unit, or Argo, Ford executives said..
Ford and Argo are currently testing vehicles in four cities — Miami, Pittsburgh, Detroit and Washington, D.C. Argo Chief Executive Bryan Salesky said, and the companies plan to expand the number of test cities in 2019. Ford has said it expects to launch self-driving vehicles for sale by 2021, when a new vehicle architecture designed specifically for autonomous systems is expected to be ready amazing cufflinks uk sale. In the meantime, Ford is testing different ways in which self-driving vehicles can be used to carry people and goods. In Miami, for example, the company is collaborating with local businesses to test designs for vehicles that can deliver food, laundry or flowers. On Wednesday, Ford said it would work with Walmart Inc (WMT.N) to design automated delivery services..