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: Joint Venture News
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…
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.…
Delta Completes Tender Offer to Purchase Shares in LATAM
Delta Air Lines has successfully acquired a 20 percent equity stake in LATAM Airlines Group S.A for approximately $1.9 billion. Delta Air Lines has successfully completed its previously announced tender offer and has acquired a…
China Southern Air Holding Sets Up One Billion Yuan Cargo Company
China Southern Airlines Airbus commercial passenger aircraft is pictured in Colomiers near Toulouse BEIJING (Reuters) - China Southern Air Holding, the parent of China Southern Airlines <ZNH>, has set up a cargo company with registered…
American Airlines and Royal Air Maroc Launch Codeshare Agreement
American Airlines has launched a reciprocal codeshare agreement with Morocco’s largest airline, Royal Air Maroc, to add new options for travel to Morocco starting Dec. 26. American’s customers will be able to purchase select Royal…
MD Helicopters Announces Advanced Weapons and Mission Management System for Scout Attack Helicopter
MD Helicopters, Inc. announces a strategic teaming agreement with Elbit Systems Ltd (ESL) to deliver next-generation weapons and mission management capabilities to its MD 530G Block II (BII) Scout Attack Helicopter. The proven, pilot-centric Integrated…
China’s BAIC Willing to Increase Daimler Holding after 5% Stake Buy
FILE PHOTO: BAIC Group automobile maker at the IEEV New Energy Vehicles Exhibition in Beijing BEIJING/FRANKFURT (Reuters) - Daimler's <DDAIF> main Chinese joint venture partner BAIC Group has signalled its intention to increase its stake…
airline news Aviation news Business News Consumer News Economic News European News Finance News Frequent Flyer News Global Politics International News Joint Venture News stock news Transportation News Travel news
U.S. Grants Final Approval for Expanded Delta, Air France, Virgin, KLM Joint Venture
WASHINGTON (Reuters) - U.S. Transportation Secretary Elaine Chao on Thursday granted final approval for an expanded trans-Atlantic joint venture for Delta Air Lines Inc <DAL>, Air France KLM SA <AFLYY> and Virgin Atlantic. Reuters first…