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Mitsubishi Motors signs MOU with Fiat to develop pick-up truck  

TOKYO, Sept 19 (Reuters) - Mitsubishi Motors Corp and Fiat Group Automobile said on Friday they have signed a non-binding memorandum of understanding (MOU) for a possible deal under which the Japanese automaker would develop and manufacture a mid-sized pickup truck for Fiat. The truck would be based on the next generation L200 model, they said in a joint statement. (Reporting by Chang-Ran Kim; Editing by Chris Gallagher)...More

Fiat and Mitsubishi Motors team-up to build, develop mid-size vehicles  

MILAN, Sept 19 (Reuters) - Fiat Chrysler on Friday signed a memorandum of understanding with Mitsubishi Motors to potentially cooperate in manufacturing and developing medium-sized pickup vehicles, it said in a statement. (Reporting by Oleg Vukmanovic; Editing by Francesca Landini)...More

German stocks - Factors to watch on September 19  

FRANKFURT, Sept 19 (Reuters) - The following are some of the factors that may move German stocks on Friday: DAIMLER Mercedes-Benz, Daimler's luxury brand, has received one of the first California licenses for self-driving cars, the company said on Thursday. Earlier this week, Volkswagen AG's luxury Audi brand said it received the first such license. Related news DEUTSCHE BANK...More

NYSE tests systems, to brief investors before Alibaba's debut  

By Herbert Lash NEW YORK, Sept 19 (Reuters) - The New York Stock Exchange tested its trading systems over the summer to make sure Alibaba Group Holding Ltd's market debut on Friday goes without a hitch, after the Chinese e-commerce company's initial public offering raised $21.8 billion. Alibaba chose the NYSE over rival exchange operator Nasdaq OMX Group Inc to list its shares in part because it worried about Nasdaq's ability to handle a massive IPO after Facebook Inc's botched market debut in 2012, sources have previously said....More

UPDATE 1-Chinese auto rental company CAR Inc soars 28 pct in HK debut  

* Shares surge as high as $10.88 from $8.50 IPO price * Retail tranche of IPO more than 200 times oversubscribed (Adds comments, market outlook, share performance) By Elzio Barreto HONG KONG, Sept 19 (Reuters) - Shares in China's largest auto rental company CAR Inc surged as much as 28 percent in their Hong Kong trading debut on Friday as investors scrambled for exposure to a market expected to almost double to $11 billion by 2018....More

INDIA PRESS-Mahindra & Mahindra ties up with Snapdeal for pre-booking of Scorpio - Economic Times  

( Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Derek Francis in Bangalore)...More

Chinese auto rental company CAR Inc set to rise 18 pct in HK debut  

HONG KONG, Sept 19 (Reuters) - Shares in China's largest auto rental company CAR Inc are set to rise 18 percent in their Hong Kong trading debut on Friday as investors who missed the initial public offering scramble for a piece of the deal. The shares are indicated to open at HK$10, compared with their IPO price of HK$8.50, while the benchmark Hang Seng index was indicated to open up 0.7 percent....More

Three quarters of Japanese firms prefer a stronger yen - Reuters poll  

* 75 pct say desirable for yen to be stronger than 105 to dollar * Yen has slid around 6 pct vs dollar in past month * 73 pct say stimulus needed in case of further sales tax hike By Tetsushi Kajimoto TOKYO, Sept 19 (Reuters) - The yen's rapid descent to six-year lows against the dollar is starting to push beyond comfort zones for three quarters of Japanese firms, a Reuters poll showed, highlighting the potential for profits to be squeezed as import costs climb....More

Auto parts executives indicted in U.S. on price-fixing charges  

DETROIT, Sept 18 (Reuters) - A federal grand jury in Detroit on Thursday indicted seven executives from two Japanese auto parts makers on charges of price fixing, the U.S. Department of Justice said. Four executives from Mitsubishi Electric Corp were charged with conspiring to fix prices of auto parts including starter motors, alternators and ignition coils that were sold to six auto manufacturers in the United States and elsewhere....More

Deals of the day- Mergers and acquisitions  

(Adds AT&T, ZF Friedrichshafen, TransCanada, Enel, CRH, SUMA and Banco Espirito Santo) Sept 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** More than ninety former business partners of AT&T Inc are demanding the Federal Communications Commision block the wireless carrier's $48.5 billion bid for DirecTV, saying the company engaged in anti-competitive behavior and violated fiduciary duty....More
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