The logo of Volkswagen is seen at their plant in Wolfsburg, Germany. Reuters
Chinese firms, willing to buy American agricultural products, have asked for prices from US firms and will sign commercial contracts, ministry spokesman Gao Feng told a news conference.
Volkswagen is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said. The move by VW, the largest foreign automaker in China, to buy into Anhui Jianghuai Automobile Group (JAC Motors) is the latest by foreign automakers to boost ownership
China’s commercial capital of Shanghai is still far from its goal of becoming a global financial hub by 2020 due to hurdles such as capital controls and a lack of consistent rules, a report by a US business lobby group said on Thursday.
Traton made a lacklustre start on its debut, as shares in Volkswagen’s truck unit slipped below their initial public offering price. Traton chairman Andreas Renschler and the supervisory board chairman Hans Dieter Poetsch were present at the launch
India cut corporate tax rates on Friday in a surprise move designed to woo manufacturers, revive private investment and lift growth from a six-year low that has led to major job losses and fueled discontent in the countryside.
The 6th Annual Arab Future Cities Summit highlighted the region’s rapid development to become a global leader in smart cities, with Dubai being at the forefront of this transformation.
Amazon.com Chief Executive Officer Jeff Bezos pledged to make the largest US e-commerce company net carbon neutral by 2040 and to buy 100,000 electric delivery vans from a start-up, as employees and consumers