United News of Bangladesh

General Motors says it's pulling out of Australia, New Zealand and Thailand as part of a strategy to exit markets that don't produce adequate returns on investments.

Markets were mixed in Asia on Monday, with Japan's benchmark slipping 0.8% after the government reported the economy contracted 6.3% in annual terms in the last quarter. China's shares got a boost after the central bank stepped in to help the economy with a rate cut, extra buying of securities and tax cuts.

A German court has temporarily halted the site preparation for Tesla Inc.'s first electric car factory in Europe.

Americans for Free Trade, a coalition of more than 150 industry associations, has urged the Trump administration to remove all additional tariffs, as the China-U.S. phase-one economic and trade agreement takes effect on Friday.

U.S. electric car maker Tesla will recall a total of 3,183 Model X vehicles in China over safety risks, according to China's market regulator.

Automaker Volkswagen has offered 830 million euros as a settlement for owners of diesel vehicles that used software to mask excessive emissions.

Tesla priced its second offering of stock at $767 apiece Friday.

Growth ground to a halt at the end of the year in Germany, Europe's largest economy, as manufacturing remained in a slump and exports fell.

Shares rebounded in Asia on Friday after an early sell-off, though Tokyo's benchmark declined as investors reacted to reports of a growing number of cases of a new virus in Japan and China.

Nissan, reeling from a scandal over its former superstar executive Carlos Ghosn, sank into red ink in the latest quarter as its vehicle sales fell around the world, and the Japanese automaker slashed its profit forecast for the year.