Volkswagen seeks higher margins with China-only luxury sedan: sources
SHANGHAI (Reuters) – Volkswagen AG will launch a VW-badged luxury sedan designed solely for China next year in its pursuit of higher margins, said two people with knowledge of the plan, in a move that could put it in direct competition with its premium…
General Motors recalls cars over parking brake fire risk
WASHINGTON (Reuters) – U.S. car manufacturer General Motors Co is recalling hundreds of thousands of cars over a defect in the parking brake that could cause a fire, a letter by the top U.S. auto safety regulator showed.
Germany pushes Airbus for cost cuts on A400Ms: paper
BERLIN (Reuters) – Germany’s defense ministry is demanding price cuts and longer cancellation periods on the A400M military airlifters it has ordered from Airbus, but which will be delivered later and less equipped than planned, a newspaper reported on…
Relief over Scotland gives way to ‘Great Stagnation’ worries
BRUSSELS (Reuters) – Scotland’s rejection of independence and a lack of any fireworks at a Fed meeting last week have calmed investors enough to shift the focus back to what some call the “Great Stagnation”, and how to avoid it.
SoftBank estimates $4.6 billion gain from Alibaba listing
TOKYO (Reuters) – Japan’s SoftBank Corp said it expected a gain of about 500 billion yen ($4.6 billion) from Alibaba Group Holding’s share listing in New York, where the Chinese e-commerce leader surged 38 percent on its first day of trade.
Microsoft delays launch of its Xbox One console in China
BEIJING (Reuters) – Microsoft Corp has delayed the launch of its Xbox One game console in China, which had been set for release on Tuesday, but the world’s biggest software company said it would be released by the end of the year.
G20 says nearing growth goal, but more needed from Europe
CAIRNS Australia (Reuters) – The Group of 20 leading nations say they are tantalisingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs, but Europe’s extended stagnation remains a major stumbling block.
China says will not alter policy because of one economic indicator
BEIJING (Reuters) – China will not dramatically alter its economic policy because of any one economic indicator, Finance Minister Lou Jiwei said on Sunday, in remarks that came days after many economists lowered growth forecasts having seen the latest …
Exclusive: Hyundai directors kept in dark on size of $10 billion land bid – sources
SEOUL (Reuters) – Hyundai Motor and two listed affiliates did not seek board clearance for the size of their record $10 billion bid for a plot of land in Seoul, more than triple its appraised value, four board members of the companies told Reuters.
German defense industry threatens to move production abroad
FRANKFURT (Reuters) – Germany’s defense industry lobby has warned that companies were looking into shifting production abroad in response to the country’s restrictive arms export policy.
