Renault plants to build new vans for Nissan, Mitsubishi
France’s Renault said it will build new Nissan and Mitsubishi vans at its domestic plants, raising investment in the country as it explores closer integration of the three-way carmaking alliance with government backing.
Tesla director Denholm to replace Musk as board chair
Tesla Inc said Robyn Denholm will replace Elon Musk as chair of the electric-car maker’s board, more than a month after the billionaire had to step down from the role as part of a settlement with U.S. regulators.
China seat supplier looks for way into stretched market
China is squeezing itself into a gap in the market for aircraft seats – a low-key effort compared with plans for a Sino-Russian jetliner or the military might paraded at this week’s Airshow China, but one that may earn it a key role in global supply ch…
World stocks notch up longest winning streak of year ahead of Fed meeting
World stocks basked in an eighth straight session of gains in their longest winning streak of the year on Thursday, as reassuring trade data from China kept the previous day’s post-U.S. midterms risk rally rolling.
Russia’s Rostec says aiming for aviation independence amid sanctions
Russia wants to achieve full independence in its ability to develop civil aircraft in order to avoid being “pushed around” by dominant companies and countries in the industry’s supply chain, a senior Russian state executive said.
Exclusive: Saudi makes $1 billion bid for partnership with South Africa defense group Denel
Saudi Arabia has made a $1 billion bid for a broad partnership with South African state-owned defense group Denel that would include acquisition of a minority stake in a joint venture with Germany’s Rheinmetall , a source familiar with the offer said.
Tesla appoints Robyn Denholm as chair to replace Elon Musk
Tesla Inc said board member Robyn Denholm will replace Elon Musk as its chair, more than a month after the billionaire had to step down as the electric-car maker’s chairman as part of a settlement with U.S. regulators.
Toshiba sheds more assets, cuts jobs to regain investor trust
Toshiba Corp announced on Thursday it is shedding assets, cutting jobs and buying back its stock starting this week, sending its shares up 13 percent, as the once-mighty Japanese conglomerate aims to regain investor confidence.
Toshiba to pay ENN more than $800 million to exit U.S. LNG business
Japan’s Toshiba Corp will exit its U.S. liquefied natural gas (LNG) business by paying China’s ENN Ecological Holdings Co more than $800 million to take over the unit as part of a plan to shed money-losing assets.
UBS faces new legal battle in U.S. over mortgage securities
UBS Group AG , Switzerland’s largest bank, faces another potentially costly legal battle as the U.S. Department of Justice draws up civil charges over the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.
