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
The fifth edition of the region’s leading FDI event, the Sharjah FDI Forum, titled ‘Future Trends in Foreign Direct Investment’, got underway at Sharjah’s Al Jawaher Reception and Convention Centre (JRCC),
Virgin Hyperloop One (VHO), the world’s leading hyperloop company, on Monday announced its participation at Dubai Motor Show, the most definite platform in the region for international automotive exhibitors,
Artificial Intelligence (AI), sustainability and Fintech were three of the key sectors under the spotlight at the Sharjah FDI Forum 2019, which opened on Monday at the Al Jawaher Reception and Convention Centre in Sharjah.