Jaguar to spend $2.4 billion in new sports car drive
LONDON (Reuters) – British luxury automaker Jaguar unveiled a $2.4 billion investment in a new range of lightweight aluminum sports and cross-over cars aimed at the mass market, a plan it said would create 1,700 jobs in the UK.
Growth in China property investment and sales slows in August
BEIJING (Reuters) – China’s real estate investment and sales growth slowed in August but were still at relatively high levels, official data showed on Tuesday, indicating Beijing’s efforts to rein in the red-hot real estate market have started to have …
VW eyes sales of 9.5 million cars in 2013
FRANKFURT (Reuters) – German carmaker Volkswagen is aiming for sales this year of 9.5 million cars, up from 9.3 million in 2012, Chief Executive Martin Winterkorn said at the Frankfurt car show on Tuesday.
Electrification meets performance in new generation of hybrids
FRANKFURT (Reuters) – Faced with tougher European regulations on pollution, but a constant desire among affluent drivers for speed and panache, many carmakers have reached the same solution: luxury hybrids.
Exclusive: Geely, Volvo differ over future China look
(Reuters) – Safe, solid and understated in a Swedish way, or a wannabe luxury brand pandering to a Chinese taste for excess and ‘bling’: that’s the debate causing ripples at the top of Volvo Car Corp, under Chinese ownership since 2010.
Foreign firms turn to FX swaps to fund Chinese operations
HONG KONG (Reuters) – Foreign companies are increasingly using cross currency swaps to fund onshore operations in China rather than raising money via the Dim Sum bond market in Hong Kong.
Exclusive: Microsoft urged to put Mulally, Lawrie on CEO shortlist
(Reuters) – At least three of the top 20 investors in Microsoft Corp want a turnaround expert to succeed Steve Ballmer as chief executive and have urged the technology giant’s board to consider Ford Motor Co CEO Alan Mulally and Computer Sciences Corp …
CIMB Islamic eyes moderate growth, focus on core markets: CEO
KUALA LUMPUR (Reuters) – Malaysia’s CIMB Islamic Bank Bhd , part of Southeast Asia’s fifth-largest lender by assets, expects moderate levels of domestic growth as it plans to focus on core markets to maintain profitability, its chief executive told Reu…
Petronas confirms withdrawal from Venezuela project
KUALA LUMPUR (Reuters) – Malaysian state oil firm Petronas confirmed on Tuesday it would withdraw from its flagship Petrocarabobo crude oil project in Venezuela.
Syria could complicate Obama’s decision on next Fed chairman
WASHINGTON (Reuters) – The uphill battle to convince the U.S. Congress to authorize a military strike against Syria could make it harder for President Barack Obama to nominate his former economic adviser Lawrence Summers as the next chairman of the Fed…
