industry

Beijing Automotive Industry Holdings Co Wednesday signed a deal in Guangzhou to acquire financially ailing smaller car maker Baolong Auto. Founded in 2000, privately owned Baolong which produces light commercial vehicles and sport-utility vehicles, has been losing money and ...
SYDNEY, April 7 - A marine expert warned on Wednesday part of the Great Barrier Reef would suffer damage from an oil leak and chemicals used to disperse it. Associate Professor Peter Harrison, the director of Marine Studies at Southern Cross University, said coral spawning could ...
ACCRA, April 6 - Ghana expects new natural gas supplies arriving this year to help ease a power crunch that has triggered blackouts and raised electricity costs in one of West Africa's premier economies. Some 130 million cubic feet per day (cfd) of the power plant fuel are ...
New Volvo Cars chief Stefan Jacoby on Wednesday vowed to do his best to make the company profitable. He spoke to journalists at Volvo's Gothenburg headquarters before officially starting the job next Monday. "We must find our right position and sharpen Volvo's roll, we must find ...
April 12 - Oil rose for the first time in four days as the dollar fell and the euro gained after European governments offered debt-burdened Greece a rescue package and China increased crude imports to meet surging demand. Oil advanced as the weaker dollar bolstered the appeal of ...
About 61 automobile models from 13 car makers Tuesday got the green light for a national subsidy for their fuel efficiency, according to Ministry of Industry and Information Technology yesterday. It's the second batch of energy-saving vehicles to enjoy financial aid as China ...
China will no doubt remain the favorite investment destination for global automakers in the future, due to the local market size and potential, as well the continuous upgrading of the industry and investment environment, said analysts and company executives. "We are firm ...
NEW YORK, April 11 - Shares in Clean Energy Fuels (CLNE.O), the natural gas company controlled by energy tycoon T.Boone Pickens, are likely to drop at least 30 percent due to its high valuation and an upcoming dilution of its share base, according to financial weekly Barron's. ...
Toyota will build its first wholly owned R&D center in China. A Toyota executive has confirmed the Japanese automaker will build its first wholly owned R&D center to bolster vehicle quality in China. Masahiro Kata, president of Toyota's China operation, made the remarks during a ...
NEW YORK,Apr 11 - Mirant Corp (MIR.N) agreed to take over rival RRI Energy (RRI.N), creating one of the largest U.S. independent power producers and cutting costs as they deal with weak electricity prices that have challenged the entire industry. Deals The companies said on ...
BEIJING, April 12 -- China has made significant efforts to pursue energy and resource efficiencies to achieve sustainable development, while the nation still faces challenges in the transition to a low-carbon economy and needs integrated solution systems. "China is already a ...
Dongfeng Motor Corp, one of China's largest automakers, announced last week that it will invest 3 billion yuan over the next five years to develop energy-saving and new-energy vehicles. According to its plan, Dongfeng will work on technology for hybrid and pure electricity ...
Hong Kong-listed Geely Automobile of China said Friday it had decided not to proceed with the proposed subscription for 20 million new ordinary shares of UK cab firm Manganese Bronze Holdings (MBH). In a statement filed to the Hong Kong stock exchange, the country's biggest ...
China's third-largest auto group Dongfeng Motor Corp plans to invest 3 billion yuan (US$443 million) in the next five years to hasten the commercialization of fuel-efficient and eco-friendly new-energy vehicles. The blueprint, released yesterday, comes in the backdrop of high ...
WASHINGTON, April 11 - Six months after introducing a sweeping climate change bill that flopped in the U.S. Senate, Democrat John Kerry is preparing to offer a compromise measure that seeks to reel in reluctant senators. Kerry, collaborating with Republican Senator Lindsey Graham ...
General Motors Co. plans to file paperwork to launch a public offering on Friday, Detroit News reported on Wednesday. The move will allow GM to begin selling shares before year's end, and will come a day after the company reports its second- quarter results. GM Chairman and CEO ...
p> PUWORLD(2010-4-7) China s leading MDI producer Yantai Wanhua announced today that net profit shrank by 31.15% to Rmb 1.066 billion in 2009. The company said its earnings per share decreased by 31.18% to Rmb 0.64. Its annual operating revenue dropped 15.72% to Rmb 6.493 billion...
Anhuai Jianghuai Automobile Co Tuesday said it would team up with United States startup Hybrid Kinetic Motors Corp to jointly invest 30 billion yuan (US$4.4 billion) for developing eco-friendly new-energy vehicles and related accessories in China. JAC and HKMC signed a framework ...
Manufacturers' sales of domestically-made autos slowed in China in July as inventory levels rebounded, the China Association of Automobile Manufacturers (CAAM) said Monday. Domestic manufacturers' July sales to auto dealers fell 11.9 percent from June to 1.244 million units while ...
p> Shanghai, China - April 02, 2010 BASF has inaugurated a new section of its Technical Competence Center for intermediates at its Shanghai Pudong Site. The new laboratory will specialize in epoxy systems for fiber-reinforced composites, which are used, for example, in wind ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...
Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...