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In one example, Carter said 72 percent of the parts for the Camry sedan that Toyota makes in Kentucky come from U.S. suppliers, but 28 percent are imported. A 25 percent tariff would cause that car’s price to rise $1,800 overnight. “There is no such thing as a 100 percent U.S. vehicle,” he told Reuters. According to industry estimates, broad tariffs could add an average of $4,000 to a new car’s sticker price. Nissan Motor Co Ltd’s North American chairman, Jose Valls, said the automaker has “invested very heavily in the U.S. and they (the Trump administration) need to take into account our customers and our employees.”.

(Reuters) - Uber Technologies Inc is nearing a deal with a group, including SoftBank Group Corp, to invest in its self-driving car unit to be valued at $7.25 swank train cufflinks billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter, SoftBank, Toyota Motor Corp and Japanese auto-parts supplier Denso Corp are expected to invest a total of $1 billion as part of the deal, which could be announced in the next few days, the report said, SoftBank closed its $8 billion investment in Uber in January 2018, which gave it a 16 percent stake in the ride-hailing company and made it the largest shareholder..

The Japanese technology investment fund also has investments in General Motors Co’s self-driving car subsidiary Cruise. SoftBank and automaker Honda Motor Co have invested a total of $5 billion for acquiring separate minority stakes in Cruise. Cruise has a value of more than $14 billion despite no significant revenue and a product not ready for commercial launch. Uber is getting ready for its initial public offering (IPO) and filed for it last week. Toyota and Denso declined to comment, while Uber and SoftBank did not respond to Reuters’ requests for comment.

(Reuters) - Pier 1 Imports Inc’s Chief Financial Officer Nancy Walsh is leaving after a year in the job at the struggling home swank train cufflinks furnishing retailer, which reported a bigger-than-expected loss in the fourth quarter on Wednesday, The company known for its wicker chairs and scented candles has been battling falling sales in the face of increasing competition from rivals such as Williams-Sonoma and online giants like Amazon.com, Walsh is the second top executive to leave the company in the last five months..

Chief Executive Officer Alasdair James stepped down in December after his turnaround efforts failed to deliver results. The company had then said it was evaluating strategic options, but may not result in a sale. The company named director of consulting firm AlixPartners Deborah Rieger-Paganis as interim CFO and said it was considering closing up to 45 locations in fiscal 2020 due to lease expirations. It has roughly 987 stores in the United States and Canada. Pier 1 said the number of stores likely to be closed could increase by up to 15 percent if Pier 1 fails to achieve performance goals, sales targets, and reductions in occupancy and costs.

Last month, Reuters reported the company has tapped debt restructuring lawyers to navigate potential negotiations with lenders, Pier 1, which has a market capitalization of about $55 million, had a long-term debt of $245.6 million as of March 2, The company on Wednesday also unveiled a plan to cut costs and save as much as $110 million in fiscal 2020 “by swank train cufflinks resetting its gross margin and cost structure.”, In the crucial holiday quarter, Pier 1 reported a 13.7 percent decline in same-store sales and missed Wall Street expectation for quarterly revenue as fewer customers visited its stores..

NEW YORK (Reuters) - Strategists at the world’s largest asset manager BlackRock Inc told their financial adviser clients on Wednesday to look at cutting back on risk and lower expectations for high returns on stocks and bonds. “We may get another leg-up from earnings but I would say the type of returns we experienced in the first quarter should not be extrapolated,” BlackRock’s chief equity strategist Kate Moore said during its quarterly U.S. wealth advisory event, which was attended over the web by about 1,300 of its financial adviser clients.

“We just want to be conscious of the fact that for both equities and bonds, the types of returns that you’ve experienced - not just in 2019 but over the course of the last decade and before - are going to be difficult to replicate,” said Moore, U.S, stocks have appreciated sharply in recent years, thanks in part to steps the U.S, Federal Reserve swank train cufflinks took to resuscitate the U.S, economy after the financial crises of 2007-09, but worries abound that investors may be in a late-cycle environment, BlackRock strategists said..

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