Japan's Nissan sells Daimler stake in bid for reinvention

Japan's Nissan sells Daimler stake in bid for reinvention

(ATF) Japan's Nissan Motor has sold its entire 1.54% stake in German automotive giant Daimler for 1.15 billion euros ($1.4 billion), as the carmaker seeks to reorganise and push past scandals behind it. Nissan said the divestment will allow it to "further strengthen and enhance its business competitiveness, including investments …

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Australia set to reject Qantas-Japan tie-up over competition

Australia set to reject Japan Airlines Qantas tie-up over competition

(ATF) Australia's competition regulator said on Thursday it is likely to reject a proposed joint business agreement between Qantas Airways and Japan Airlines covering flights between Australia, New Zealand and Japan. The Australian Competition and Consumer Commission (ACCC) said a deal between two key competitors, which would allow them to …

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UK company enters electric car market with landmark Uber deal

UK company enters electric car market with landmark Uber deal

(ATF) A British electric van and bus maker on Tuesday announced it would build an electric car for Uber Technologies, launching mass production that could challenge China's dominance of the electric vehicle (EV) fleet sector. The EV will go into production in late 2023, Arrival and Uber said, adding that …

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Pandemic-hit Singapore Airlines boosts coffers with plane deal

Pandemic-hit Singapore Airlines boosts coffers with plane deal

(ATF) Pandemic-hit Singapore Airlines said on Monday it had raised more than S$2 billion (US$1.5 billion) through the sale and leaseback of 11 aircraft, as the city-state's proposed travel bubble with Hong Kong hangs in the balance over new coronavirus cases. The airline group said it has now raised more …

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OPPO, Qihoo 360 the latest in China EV race

OPPO, Qihoo 360 the latest in China EV race

(ATF) Chinese smartphone maker OPPO and anti-virus software provider Qihoo 360 are said to be joining a long list of Chinese technology firms jumping into China’s incredibly competitive electric vehicle (EV) industry. The two firms will be joining a race with e-commerce mammoth Alibaba, search engine leader Baidu, telecom giant …

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China and Europe fuel surge in electric vehicle ownership

China and Europe fuel surge in electric vehicle ownership

(ATF) Global electric vehicle (EV) sales picked up speed in the first quarter, fuelled in China and Europe by tightening carbon dioxide emissions standards and government subsidies. First-quarter global EV sales soared 140% to 1.1 million vehicles, with strong growth in China, Europe and the United States, the International Energy …

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Pandemic-hit Boeing plunges to 6th consecutive quarterly loss

Pandemic-hit Boeing plunges to 6th consecutive quarterly loss

(ATF) The pandemic has replaced bad design as the leading money loser for Boeing, as the US aircraft manufacturer posted a deficit for the sixth consecutive quarter. Production issues also dragged down revenues, but the company blamed signs of an uneven airline industry recovery as Covid-19 vaccines roll out at …

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