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Motor racing-Formula One statistics for Chinese Grand Prix  

April 16 (Reuters) - Statistics for Sunday's Chinese Formula One Grand Prix in Shanghai: - - - - Lap distance: 5.451km. Total distance: 305.066km (56 laps) Start time: 0700 GMT (1500 local) 2013 pole: Lewis Hamilton (Britain) Mercedes 1:34.484 2013 winner: Fernando Alonso (Spain) Ferrari Race lap record: Michael Schumacher (Germany) Ferrari one minute 32.238 seconds (2004) Tyres: Medium (white), Soft (yellow) - -...More

Rolls-Royce, Daimler price power systems stake at $3.36 bln  

LONDON, April 16 (Reuters) - British engine marker Rolls-Royce and German carmaker Daimler have agreed to value the 50 percent stake in a jointly owned power systems company that Daimler is selling to Rolls-Royce at 2.43 billion euros ($3.36 billion). In March, Rolls-Royce said it would take full ownership of three-year-old Rolls-Royce Power Systems and would pay Daimler using cash and debt. Daimler said at the time that it expected a "significant cash flow" from the deal....More

BRIEF-Beiqi Foton Motor's 2013 profit down 43.6 pct, expects to sell more cars in 2014  

April 16 (Reuters) - Beiqi Foton Motor Co Ltd * Says 2013 net profit down 43.6 percent y/y at 763.1 million yuan ($122.65 million) * Says expects to sell 680,000 cars in 2014 versus 664,714 cars in 2013 Source text in Chinese: Further company coverage: ($1 = 6.2220 Chinese Yuan) (Reporting by Hong Kong and Singapore newsrooms)...More

TABLE-Showa Aircraft Industry -2013/14 parent forecast  

Apr 16 (Reuters) - Showa Aircraft Industry Co Ltd PARENT- ONLY EARNINGS ESTIMATES (in billions of yen unless specified) Full Year to Full Year to Mar 31, 2014 Mar 31, 2014 LATEST PREVIOUS FORECAST FORECAST Sales 15.90 15.50 Operating 1.92 1.40 Recurring 1.57 1.10 Net 620 mln 550 mln EPS 19.58 yen...More

TABLE-Showa Aircraft Industry -2013/14 group forecast  

Apr 16 (Reuters) - Showa Aircraft Industry Co Ltd CONSOLIDATED EARNINGS ESTIMATES (in billions of yen unless specified) Full Year to Full Year to Mar 31, 2014 Mar 31, 2014 LATEST PREVIOUS FORECAST FORECAST Sales 23.10 22.50 Operating 2.02 1.60 Recurring 1.66 1.30 Net 1.06 900 mln EPS 33.48 yen...More

Maybach Back, Source Says  

A person familiar with German automaker Daimler's plans says the company will attach the hyper-luxury Maybach brand to an exclusive version of its S-Class limousine costing at least $460,000....More

Suzuki joins fuel efficiency race with simplified hybrid system  

TOKYO, April 16 (Reuters) - Japanese small-car maker Suzuki Motor Corp said on Wednesday it will introduce an affordable, simplified gas-electric hybrid technology in its cars, joining rivals in the race for fuel efficiency. Japan's fourth-biggest car maker, which has largely focused on internal combustion engines, said it needs to boost fuel efficiency to survive in a competitive industry....More

Italy - Factors to watch on April 16  

The following factors could affect Italian markets on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). ECONOMY ISTAT releases February foreign trade data (0800 GMT). Reuters releases Q1 poll on Italian economy (1220 GMT)....More

Samsung Heavy says proceeds $618 mln ship order as planned  

SEOUL, April 16 (Reuters) - South Korea's Samsung Heavy Industries said on Wednesday that it is proceeding with a project worth 642.9 billion won ($617.67 million) to build seven container ships as planned. The shipbuilder won the order from Chilean shipping firm Compania Sudamericana de Vapores (CSAV) a year ago. ($1 = 1040.8500 Korean won) (Reporting by Hyunjoo Jin; Editing by Miral Fahmy)...More

ECB plan could boost shares in Europe's weakest companies  

* ECB corporate bond buying seen easing borrowing costs * Indebted companies with meagre margins to benefit most * Italian, Spanish banks tipped as winners * Easier lending conditions to help small caps * Exporters to get boost from weaker euro By Francesco Canepa...More
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