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Ssangyong may set up China manufacturing JV if sales rise- agent  

SHANGHAI, Sept 1 (Reuters) - South Korean carmaker Ssangyong Motor Co could set up a manufacturing plant in its biggest global market China if sales there rise to 50,000 vehicles a year, the brand's sole China agent Pang Da Automobile Trade Co Ltd said. Ssangyong, which is majority owned by Indian automaker Mahindra & Mahindra, expects to sell 50,000 vehicles in China a year by 2017 at the earliest, Pang Da, one of China's biggest car dealers, said in a statement....More
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BRIEF-Anhui Jianghuai Auto in deal to sell electric cars to GreenTech Automotive  

Sept 1 (Reuters) - Anhui Jianghuai Automobile Co Ltd * Says signs agreement to sell electric cars to GreenTech Automotive Inc in the U.S. Source text in Chinese: http://bit.ly/1lswbWK Further company coverage: (Reporting by Hong Kong and Singapore newsrooms)...More
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French car sales fall 3 pct in August -CCFA  

PARIS, Sept 1 (Reuters) - French car sales fell 3 percent in August, a seasonally weak vacation month, the country's main automotive industry association said on Monday. Registrations fell to 83,340 cars, with Renault's 10.7 percent decline leading the drop. PSA Peugeot Citroen sales fell in line with the market....More
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BRIEF-Variant SA H1 net loss 1.7 million zlotys  

Sept 1 (Reuters) - Variant SA : * Says H1 revenue 12.4 million zlotys versus 19.7 million zlotys last year * Says H1 operating loss 2.3 million zlotys versus profit 10.3 million zlotys last year * Says H1 net loss 1.7 million zlotys versus profit 8.1 million zlotys last year Source text for Eikon: Further company coverage: (gdynia.newsroom@thomsonreuters.com; +48 58 698 3920)...More
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TABLE-India's Maruti Suzuki August vehicle sales up 26.9 pct y/y  

Sept 1 (Reuters) - Maruti Suzuki India Ltd's vehicle sales in August: August 2014 August 2013 Pct change TOTAL SALES 110,776 87,323 26.9 DOMESTIC SALES 98,304 76,018 29.3 PASSENGER CARS 82,823 63,499 30.4 EXPORTS 12,472 11,305 10.3 NOTE: Maruti Suzuki, controlled by Japan's Suzuki Motor Corp , is India's largest carmaker by sales. (Reporting by Aditi Shah; Editing by Anupama Dwivedi)...More
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BRIEF-Zhejiang Yinlun Machinery plans to raise 338.6 mln yuan in private placement of shares  

Sept 1 (Reuters) - Zhejiang Yinlun Machinery Co Ltd * Says plans to raise up to 338.6 million yuan (55.15 million US dollar) in private placement of shares * Says its shares have resumed trading on Sept. 1 Source text in Chinese: http://bit.ly/1nOkDZx; http://bit.ly/1qhVZVB Further company coverage: (1 US dollar = 6.1400 Chinese yuan) (Reporting by Hong Kong newsroom)...More
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UPDATE 2-Samsung Heavy to absorb Samsung Engineering for $2.5 bln  

* Samsung Group's latest move to consolidate related units * Samsung Eng's shaky financials seen supported * Endgame could be another merger with Samsung C&T-analysts (Recasts, adds quotes) By Joyce Lee and Se Young Lee SEOUL, Sept 1 (Reuters) - Samsung Heavy Industries will absorb Samsung Engineering for about $2.5 billion, the latest step in a restructuring at South Korea's largest conglomerate that has accelerated since the controlling Lee family's patriarch was hospitalised in May....More
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CORRECTED-New GPIF investment manager drawn to cheap Japan mid-caps  

(Corrects size, headquarters location of Eastspring in paragraphs 4, 7 and 8) * New GPIF manager Eastspring uses value-based investment models * Eastspring tends toward mid-caps with long profit history * Outside fund manager reckons Eastspring buys defensive stocks By Ayai Tomisawa...More
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Italy - Factors to watch on September 1  

The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). POLITICS Rome, Spending Review. Carlo Cottarelli meets reporters on cutting the number of publicly-owned local service companies (1300 GMT). Rome, Prime Minister Matteo Renzi to hold news conference on government reform plans. ECONOMY...More
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S.Korea shares subdued as weak exports data weigh, won edges lower  

* KOSPI treads water as dip in exports place investors on guard * Won eases against the dollar as month-end demand dissipates By Joonhee Yu SEOUL, Sept 1 (Reuters) - South Korean shares were sluggish in morning trade, with investors keeping to the sidelines after data showed another month of tepid exports growth for the trade-reliant economy....More
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