Top officials of the two companies join their hands after attending a news conference in Mumbai. Reuters
General Motors (GM) and Ford Motor announced their quarterly sales in China fell, albeit at a slower pace sequentially, as the US automakers were hit by a slowing economy amid the Sino-US trade war.
Ford Motor’s shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official at the No. 2 US automaker said. The increase in earnings, before interest and taxes,
Ford Motor reported a lower-than-expected profit, weighed down by charges to restructure its units in Europe and South America, and the automaker gave a full-year earnings forecast that fell short of analysts’ projections.
Ford Motor Co and Volkswagen AG said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs while positioning VW as the initial winner.
To take advantage of the growing crypto market in the region, Bluechip Group of Companies launched recently ‘Bluechip Token’ and ‘Acre N Yard’ in the UAE market.
Tecom Group said on Monday it raised Dhs1.7 billion ($462.87 million) from investors for its initial public offering (IPO). The company announced its plan on June 8
Over 1,600 new African member companies have registered with Dubai Chambers since October 2021, growing 6.5 per cent to reach 26,420 today, the Chambers have revealed.