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Volkswagen to invest 2 bln euros in China in e-vehicle push

Volkswagen to invest 2 bln euros in China in e-vehicle push

2020-05-29 20:05

German carmaker Volkswagen on Friday announced plans to invest 2 billion euros in China to develop its electric vehicle business in the country.

Trip.com Group reports hefty loss from operations

Trip.com Group reports hefty loss from operations

2020-05-29 13:57

Trip.com Group Limited reported 1.5 billion yuan loss from operations in the first quarter of this year due to the impact of COVID-19.

Scandinavian Airlines reports major first-quarter losses due to pandemic

Scandinavian Airlines reports major first-quarter losses due to pandemic

2020-05-29 04:20

Scandinavian Airlines (SAS) recorded a loss of just over 3.7 billion SEK (389 million U.S. dollars) in the first quarter of 2020.

Toyota sees global production halved in April due to COVID-19 pandemic

Toyota sees global production halved in April due to COVID-19 pandemic

2020-05-28 20:06

Toyota's global output tumbled 50.8 percent year-on-year in April to 379,093 vehicles.

Nissan announces closure of Barcelona factory

Nissan announces closure of Barcelona factory

2020-05-28 19:44

Japanese car manufacturer Nissan confirmed that it has made the "very difficult" decision to close its factory in Barcelona in northeast Spain.

Sams Club starts construction of flagship outlet in China

Sam's Club starts construction of flagship outlet in China

2020-05-28 17:11

Sam's Club, a Walmart-owned membership warehouse club, started construction of its flagship outlet in China on Thursday.

Vipshop net profit surges by 20.8 pct in Q1

Vipshop net profit surges by 20.8 pct in Q1

2020-05-28 09:48

Total net revenue reached 18.8 billion yuan, and gross merchandise volume stood at 28.9 billion yuan.

Boeing resumes 737 MAX production

Boeing resumes 737 MAX production

2020-05-28 06:24

Boeing said on Wednesday that it has resumed production of the 737 MAX at the company's Renton factory in Washington state.

Boeing to start involuntary layoffs worldwide amid COVID-19 pandemic

Boeing to start involuntary layoffs worldwide amid COVID-19 pandemic

2020-05-28 04:58

Boeing President and CEO Dave Calhoun on Wednesday announced the company's worldwide involuntary layoffs.

Italian bank OKs 6.3-bln-euro loan to carmaker Fiat-Chrysler

Italian bank OKs 6.3-bln-euro loan to carmaker Fiat-Chrysler

2020-05-28 04:10

Fiat-Chrysler got a much-needed boost after Italy's bank gave the approval to a 6.3-billion-euro (6.9-billion-U.S. dollar) loan to the company.

U.S. off-price retailer Tuesday Morning files for bankruptcy

U.S. off-price retailer Tuesday Morning files for bankruptcy

2020-05-28 01:49

U.S. off-price retailer Tuesday Morning has filed for bankruptcy protection amid the COVID-19 pandemic.

Lufthansa ＂unable＂ to approve state rescue package over EU conditions

Lufthansa ＂unable＂ to approve state rescue package over EU conditions

2020-05-27 22:43

The conditions set by the European Commission would lead to a weakening of the hub function at Lufthansa's home airports in Frankfurt and Munich.

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