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China suspends tariff hikes on US cars, auto parts

China has announced a 90-day suspension of tariff hikes on $126 billion of U.S. cars, trucks and auto parts following its cease-fire in a trade battle with Washington that threatens global economic growth.

Business Highlights

___ GM says it has 2,700 jobs for workers slated to be laid off DETROIT (AP) — The General Motors' massive 14,000-person layoff announced last month might not be as bad as originally projected.

Malaysia's Proton launches 1st SUV with China's Geely

Malaysian national car maker Proton launched its first SUV on Wednesday in a fresh effort to transform its stale brand and turn around its fortunes, more than a year after China's Geely Holding Group Co. Ltd. bought a key stake in the company.

Venezuela vows to reactivate Goodyear plant

Venezuela's government says it will reactivate an assembly line after U.S.-based Goodyear Tire & Rubber announced it will no longer produce tires in the crisis-wracked country.