PRESS DIGEST- New York Times business news - December 16
Dec 16 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- U.S. President Donald Trump sued the BBC for $10 billion for defamation over edited clips of a speech that made it appear he directed supporters to storm the U.S. Capitol.
- Ford Motor F.N said it would scale back plans to produce electric vehicles and take a $19.5 billion hit to its profit to cover the costs of a major change in strategy.
- The last vehicle will roll off the assembly line at Volkswagen’s VOWG.DE plant in Dresden, Germany, as it faces weaker demand and steep U.S. tariffs.
- The Boston Globe said that a former longtime editor, Brian McGrory, would return to helm the publication.
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