With new China plant, Volvo hopes to hit 2020 sales goal early: executive
CHENGDU, China (Reuters) – Chinese-owned Swedish automaker Volvo Car Corp expects to be selling 200,000 cars a year in China by 2018, a senior executive said, two years ahead of its latest target and as a new assembly plant gears up for full production…
Qatar Airways says will not be launch buyer of Boeing 787-10X
CAPE TOWN (Reuters) – Qatar Airways will not be a launch customer for Boeing’s next passenger jet, a stretched version of its 787 Dreamliner, its chief executive said on Tuesday.
Pirelli’s boss in talks with new investors
MILAN (Reuters) – The head of Pirelli is lining up new investors in order to keep his grip on the Italian tire maker after falling out with stakeholder Malacalza Investimenti, which in turn is negotiating an exit.
Insight: Corbat faces ghost of Weill’s deals in Citi’s machines
(Reuters) – When Vikram Pandit was abruptly ousted as Citigroup Inc’s chief executive late last year, senior bank employees speculated for weeks about who would follow him out the door.
Coca-Cola to begin first local production in Myanmar in decades
(Reuters) – The Coca-Cola Co said on Tuesday it will begin production in Myanmar as part of a planned $200 million investment in the Asian country.
Mitsubishi Motors recalls 4,313 Outlander plug-in hybrids
TOKYO (Reuters) – Mitsubishi Motors Corp on Tuesday recalled 4,313 Outlander SUV plug-in hybrids in Japan to fix faulty lithium-ion batteries that may overheat, the second time it has asked most owners to bring the vehicle in for repairs.
Premier Li says solar trade dispute touches China’s major interests: report
SHANGHAI (Reuters) – China’s premier told a top European Union official that the trade dispute over Chinese solar panel exports touches China’s “major economic interests” and could influence broader Chinese-EU relations if not properly resolved.
Shipbuilder Huntington eyes higher profits despite flat sales
NEWPORT NEWS, Virginia (Reuters) – Huntington Ingalls Industries Inc is on track to boost profit margins and keep paying dividends despite flat revenues in coming years, the U.S. shipbuilder’s top executive said, citing ongoing efforts to cut costs and…
Calpers plans to sell entire 4 percent stake in Carlyle
NEW YORK (Reuters) – The California Public Employees’ Retirement System (Calpers) plans to sell its entire 4 percent stake in Carlyle Group LP as the U.S. public pension fund plans its exit from the private equity manager after 12 years.
Entrepreneur Jason Calacanis raising a $10 million fund
SAN FRANCISCO (Reuters) – Jason Calacanis, the entrepreneur behind Launch, a series of technology conferences that introduce startups to potential investors, is raising a $10 million venture fund, a U.S. regulatory filing showed.
