Volkswagen to Buy 20% of Chinese battery maker Guoxuan
Volkswagen logo is seen on a Teramont X SUV displayed at the second media day for the Shanghai auto show in Shanghai HONG KONG/BEIJING (Reuters) - Volkswagen AG <VWAGY> is set to take a 20%…
Category: Asia News
Jet Airways to Sell Netherlands Business to KLM
A Jet Airways vehicle leaves the company's headquarters in Mumbai BENGALURU (Reuters) - Bankrupt Indian airline Jet Airways Ltd said it had agreed to sell its assets in Netherlands to Dutch airline KLM. If the…
Ford’s Vehicle Sales in China Tumble for Third Consecutive Year
SHANGHAI (Reuters) - Ford Motor Co's <F> China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for…
GM to Revive Hummer Name with Electric Pickups, SUV’s
Workers leave the General Motors CAMI car assembly plant where the GMC Terrain and Chevrolet Equinox are built in Ingersoll WASHINGTON (Reuters) - General Motors Co <GM> will revive the Hummer name to sell a…
China’s Bid to Challenge Boeing and Airbus Falters
BEIJING/PARIS (Reuters) - Development of China’s C919 single-aisle plane, already at least five years behind schedule, is going slower than expected, a dozen people familiar with the programme told Reuters, as the state-owned Commercial Aircraft…
United Airlines to Record $90 Million Charge Related to Hong Kong Routes
(Reuters) - United Airlines Holdings Inc <UAL> said on Tuesday it expects a non-cash impairment charge of $90 million in the fourth quarter related to its Hong Kong routes, following anti-government protests in the city.…
BOC Aviation Orders 20 More A320neo Aircraft
Singapore-based lessor BOC Aviation Limited has placed a firm order with Airbus for 20 A320neo aircraft. Up to 12 of the newly-ordered aircraft will be leased to Colombia’s Avianca Airlines. Featuring the widest single-aisle cabin…
Toyota to Build Prototype City of the Future in Japan
Akio Toyoda, president of Toyota Motor Corporation, speaks at a news conference, where he announced Toyota's plans to build a prototype city of the future on a 175-acre site at the base of Mt. Fuji…
Daimler, Volvo Mull Combustion Engine Cooperation
BERLIN (Reuters) - Luxury German carmaker Daimler <DDAIF> and Volvo Cars, owned by China's Geely, are considering cooperating to cut the costs of developing combustion engines, a magazine reported on Sunday, citing unnamed company sources.…
Bombardier Joint Venture Wins Contract to Build 160 New Chinese Standard High-Speed Train Cars
With around 4,500 train cars already delivered, Bombardier’s Chinese joint venture is the only Sino-foreign entity to win a new Chinese standard high-speed train bidNew Chinese standard high-speed train cars to enhance passenger experience and…