industry

Premier luxury car producer Jaguar said its investment in customer services in China will triple this year from 2009 to better sustain the company's development in the world's largest car market. Its expansion plan includes establishment of a training center in Beijing and ...
April 21-Oil prices broke a three-day losing streak and rebounded on Tuesday as upbeat earnings reports prompted risk appetite and European flights began to resume. Light, sweet crude for May delivery gained 2 U.S. dollars to settle at 83.45 dollars a barrel on the New York ...
Europe's biggest carmaker Volkswagen AG (VW) said on Friday that its nine-month operating profit increased more than threefold on an annual basis, but the growth would slow down in the last quarter of 2010. The group's operating profit for the January-September period jumped to 4...
SHANGHAI April 28-Major oil and gas producer PetroChina posted a 71.2% year-on-year surge in its first-quarter net profit to yuan (CNY) 32.5bn ($4.76bn), largely due to spikes in crude prices and better demand for petroleum and petrochemical products. In a filing to the Shanghai ...
Hyundai Motor signed an agreement Thursday with a Chinese company to build a 3-billion-yuan (US$451 million) auto joint venture in southwest China's Sichuan province. Hyundai and its local partner Sichuan Nanjun Automotive Group said they will each invest 1.5 billion yuan into ...
April 28-HOUSTON --US major Dow Chemical does not expect to form a basic plastics joint venture this year as advantaged US feedstock turned the unit into an earnings star during the first quarter, chief execuitve Andrew Liveris said on Wednesday. "The fact that this business is ...
Tianjin FAW Toyota Motor Co. will recall 134,234 vehicles beginning November 15 due to a flawed design that could affect brake function, China's quality watchdog said Thursday. The recalled vehicles included 71,840 CROWN series sedans manufactured between Feb. 21, 2005, and Dec. ...
U.S. stocks are following European markets lower after Portugal's debt was downgraded, deepening fears that Europe's debt problems are spreading. Standard & Poor's slashed Portugal's credit rating Tuesday, sending stocks sharply lower across Europe. S&P also downgraded Greece's ...
The Chinese government paid 11.6 billion yuan (US$17.39 billion) in subsidies for the purchase of 8.11 million cars and motorbikes in rural areas in the first nine months of the year, the Ministry of Commerce (MOC) said Thursday. The government subsidized the purchase of 2.08 ...
Toyota Motor Corp. said Thursday it will recall roughly 600,000 cars in Japan, according to two filings submitted with the Ministry of Land, Infrastructure, Transport and Tourism. The world's biggest carmaker has found potential faults with 13 of its models, including the hugely ...
YAZOO CITY, Miss. Tornadoes ripped through four states in the South on Saturday, leaving broken crosses in front of a flattened church, splintering houses and overturning vehicles as they killed 10 people, including three children. One of the hardest hit areas was Mississippi's ...
BEIJING, April 22 (Xinhua) -- Beijing prosecutors have approved the arrest of three for involvement in a mercury-poisoning case which was wrongly blamed on a can of Sprite. Xicheng District prosecutors approved the arrest of Ma Sai, 21, in mid-April on suspicion of damaging ...
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China's automotive industry is not overheated despite its continued fast growth, an industry analyst said Sunday, amid recent concerns that overcapacity problems loom in the world's largest auto market. "In the Jan.-Sept. period, China's auto industry saw its growth pace ...
BEIJING, April 27 - PetroChina Company Limited (PetroChina), China's largest oil and gas producer, said Tuesday its net profit for the first quarter rose 71.2 percent year on year due to soaring crude oil prices and rising domestic demand. Net profit totaled 32.492 billion yuan ...
General Motors Co. (GM) will recall 322,409 Chevrolet Impalas from the 2009 and 2010 model years to inspect the potential problem in the front seat belt webbing. The company said on Friday that the front seat belt webbing of "a small number" of vehicles may not have be properly ...
China's annual production capacity of electric motor vehicles will reach 1 million units by 2020, a senior official forecast Saturday. As the world's largest auto market, new energy vehicles are key to the development of China's auto industry, said Minister of Science and ...
NEW YORK,April28 - Oil prices continued to rise on Tuesday as market remained positive about economic recovery and investors expect a draw in this week's crude inventory report. Crude rallied for the sixth consecutive session as market sentiment remained upbeat on prospect of ...
German auto giant BMW Group on Friday began recalling more than 21,000 luxury sedans in China to fix a faulty brake system, while British carmaker Jaguar Land Rover recalled 30 Discovery 3 TDV6 diesel vehicles, China's quality watchdog said Friday. BMW's recalled vehicles in ...
China's top economic planner said Thursday that auto prices fell slightly in September for a third consecutive month, and were expected continue falling in the fourth quarter. Prices of cars made in China were down 0.41 percent from August and 0.3 percent from September last year...
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 ...