Newswire

  • Newswire

    Sinkhole that proved popular at Corvette Museum will be filled  

    By Kevin Murphy Aug 30 (Reuters) - A sinkhole that swallowed eight cars inside the National Corvette Museum in Kentucky will be filled even though it has become a tourist attraction that sharply increased attendance and revenue, the museum's board decided on Saturday. The board had voted in June to attempt to keep part of the hole open, but the cost of retaining walls and other construction would exceed $1 million, officials at the museum in Bowling Green, Kentucky, said in a statement....More
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    Modi seeks Japan's help for 'inclusive vision' on first big trip  

    By Douglas Busvine NEW DELHI, Aug 31 (Reuters) - Indian Prime Minister Narendra Modi arrived in Japan on Saturday seeking to capitalise on his affinity with Japanese counterpart Shinzo Abe to strengthen security and business ties on his first major foreign visit since his landslide election victory in May. Modi is one of only three people that Abe follows on Twitter, while the Indian leader admires the Japanese premier's brand of nationalist politics....More
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    UPDATE 1-Fiat-Chrysler sees New York stock market listing on Oct 13  

    * Oct 13 "most likely date" for IPO - Marchionne * Board to decide on any capital increase at end October (Adds quotes, details on capital increase) By Paolo Biondi RIMINI, Italy, Aug 30 (Reuters) - Fiat-Chrysler aims to list shares in the newly merged carmaker in New York on Oct. 13, Chief Executive Sergio Marchionne said on Saturday, adding that a decision on any capital increase would be made at the end of that month....More
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    Fiat-Chrysler CEO says Oct 13 is possible date for Wall Street IPO  

    MILAN, Aug 30 (Reuters) - The chief executive of Fiat-Chrysler, Sergio Marchionne, said on Saturday October 13 was the first possible date for the group to launch its initial public offering on Wall Street. "October 13 is the first possible date," Marchionne told reporters on the sidelines of a meeting in Rimini....More
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    Fiat-Chrysler CEO says shareholders backing of merger is "huge step ahead"  

    RIMINI, Italy, Aug 30 (Reuters) - The fact that most Fiat shareholders chose not to exercise an option that could derail a merger with its U.S. unit Chrysler is a "huge step ahead" for the car maker, Fiat and Chrysler Sergio Marchionne said on Saturday. Fiat signalled on Friday the merger would go ahead as not enough dissenting shareholders had decided to tender their shares for the tie-up to fail. Marchionne also reiterated the carmaker had no plans to close any of its plants in Italy....More
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    China graft watchdog probes another exec at Volkswagen JV  

    BEIJING, Aug 30 (Reuters) - China's anti-graft watchdog has said it is investigating a former senior executive at Volkswagen AG's Chinese venture, FAW-Volkswagen Automotive Co Ltd, for corruption, the latest target in a widening probe against the company. An Dewu, FAW's former deputy general manager, was investigated for "suspected serious violations of the law", the ruling Chinese Communist Party's discipline watchdog said late on Friday....More
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    Argentine industrial output fell 0.7 pct in July y/y  

    BUENOS AIRES, Aug 29 (Reuters) - Argentina's industrial production shrank 0.7 percent in July on the year in seasonally adjusted terms, the government said on Friday, marking the 12th consecutive monthly decline due largely to weakness in the automobile sector. Analysts polled by Reuters forecast a 2.9 percent drop during the month, according to the median forecast....More
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    AvtoVAZ mulls in-house production to halt parts monopolies, graft  

    By Laurence Frost TOGLIATTI, Russia, Aug 29 (Reuters) - AvtoVAZ, the Russian carmaker controlled by Renault-Nissan, may bring some parts production in-house as it struggles to get more competitive pricing and stamp out corruption in its local supply chain, senior executives said. The maker of Lada cars is studying plans to invest in the manufacturing of components including seats and smaller metal body parts currently bought from suppliers, Chief Financial Officer Evgeny Belinin told reporters....More
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    Dongfeng H1 net up 54 pct on new models, improved efficiency  

    SHANGHAI, Aug 29 (Reuters) - Dongfeng Motor Group Co Ltd posted a better-than-expected 54 percent rise in first-half earnings due to "remarkable" progress in the sales of several newly-launched models and improved operating efficiency. Chairman Xu Ping said he would press ahead with global expansion and would further improve the business structure of the Chinese partner of Japanese carmakers Nissan Motors Co and Honda Motor Co to avoid potential risks from the volatile Sino-Japan relationship....More
  • Newswire

    Audi Issues Globall Recall of 70,000 Cars  

    The German luxury brand says the recall covers 3.0L diesel-engine-equipped A4, A5, A6 and A7 models with potentially defective brake boosters....More
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