GM General Counsel Craig Glidden told the Wall Street shop mango Journal, which reported the company's plans earlier on Monday, that any investment the company might disclose had been long planned and was not a response to Trump's criticism. GM declined comment on the investment to Reuters. Since the beginning of this year, GM has come under heavy criticism from Trump for building vehicles in Mexico, as have other automakers. On Jan. 3, Trump threatened to impose a "big border tax" on GM for making some of its Chevrolet Cruze compact cars in Mexico. At a news conference last week, Trump cited recent U.S. investments by other automakers and said "General Motors will be following, and I think they will be." Trump, who campaigned hard on bringing manufacturing jobs back to the United States, said in an interview with German newspaper Bild published on Monday that he would impose a border tax of 35 percent on German car companies' vehicles imported to the U.S. market. Earlier this month he criticized Toyota Motor Corp's <7203.T> plans to move production of the Corolla to Mexico from Canada. Auto sales have been rising since 2009 and hit a new record in 2016.
We believe this is an important milestone as a moment when we will start building other new and amazing products, features and experiences, incorporating our unique technology and knowhow with Fitbits experience and global community, said Vector in the post. Our smartwatches will maintain functionalities and features. You will continue to enjoy the Vector Watch experience: a 30-day battery life smartwatch, with customizable watch-faces and dedicated streams. However, new product features (software and hardware) will not be added. Vector Is Latest Buy The acquisition of Vector comes on the heels of another push into the smartwatch market on the part of Fitbit. In December, Fitbit acquired Pebble, a pioneer in smartwatches, for an undisclosed sum. Rumors pegged the deals price tag at somewhere between $35 million to $40 million. In a press release announcing the deal, Fitbit CEO James Park กระเป๋า โรง เกลือ ขายส่ง said, With basic wearables getting smarter and smartwatches adding health and fitness capabilities, we see an opportunity to build on our strengths and extend our leadership position in the wearables category. Fitbit is discontinuing the Pebble smartwatch but will use its software to build a Fitbit app store. (See also: Fitbit Touts Pebble Buy, Partners Waith Medtronic .) กระเป๋า แบรนด์ Park told The Verge it is gearing up to introduce a wearable app store all its own as soon as possible. According to that report, the app store would be built with some of Pebbles 14,000 third-party apps. Park said Pebble has already worked out a lot of the kinks associated with the creation of an app store.
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"It looks like a marriage made in heaven. You have the largest manufacturer merging with the largest retailer," said Roberto Magnatantini, head of global equities at Geneva-based SYZ Asset Management, which owns shares in both companies. Elsewere in the fashion sector, Hugo Boss rose 8 percent after saying 2016 profits would fall by less than it feared due to a recovery in China and in Britain, while fast-fashion retailer H&M fell 3.5 percent after December sales growth missed expectations. While all sectors except miners and healthcare were moving in negative territory, banks and insurers were the biggest weight, taking the most points off from the pan-European index. The European banking index fell 1.5 percent, giving up gains seen in the previous session. Italian banks were among the biggest losers after rating agency DBRS cut Italy's credit rating on Friday in a move which could raise their borrowing costs. Italy's Banco BPM and UniCredit fell more than 2 percent, while UK's Royal Bank of Scotland and Spain's Banco Popular were also down by more than 3 percent. German car-makers BMW, Daimler and Volkswagen fell between 1.5 and 2 percent after U.S. President-elect Donald Trump warned he will impose a border tax of 35 percent on vehicles imported from abroad to the U.S.
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