October 25, 2018

Jaguar launches Slovak plant, sees output hitting 100,000 by 2020

British carmaker Jaguar Land Rover (JLR) expects to hit annual production of 100,000 cars at its plant in Slovakia by 2020, the chief executive of the […]
October 25, 2018

One trillion yuan: China state carmaker FAW gains huge credit line

China’s state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line worth more than 1 trillion yuan ($144 billion), an […]
October 25, 2018

UK regulator upholds Facebook fine in Cambridge Analytica row

Britain’s information regulator on Thursday upheld a small but symbolic 500,000 pound ($645,000) fine for Facebook for breaches of data protection law related to the harvesting […]
October 25, 2018

Oil prices fall as stock markets plunge

Oil prices fell on Thursday as Asian and European stock markets plunged in the wake of Wall Street’s biggest daily decline since 2011, with investors shedding […]
October 25, 2018

Exclusive: 2-DEER: China’s HNA Group seeks buyer for $300 million ‘Dream Jet’ – sources

Cash-strapped Chinese conglomerate HNA Group has put up for sale its luxurious $300-million-plus corporate “Dream Jet” that sports a “seven-star” hotel-style cabin, say six aviation industry […]
October 25, 2018

WPP shares plunge as falls behind ad rivals in post-Sorrell era

WPP lost a fifth of its market value on Thursday after a major downturn at its creative agencies in New York and London forced it to […]
October 25, 2018

Hyundai Motor posts big profit miss on U.S. recalls; shares tumble

Hyundai Motor Co said third-quarter profit plunged by a shocking two-thirds on Thursday, hit by a $440 million one-off charge related to U.S. recalls and sending […]
October 25, 2018

Daimler hit by Germany slump, CEO forecasts high fourth quarter demand

Daimler Chief Executive Dieter Zetsche on Thursday said customer demand remains strong even as a regulatory crackdown on diesel cars and a 13 percent sales slowdown […]
October 25, 2018

Daimler says is reviewing production footprint amid global tariffs

Daimler Chief Financial Officer Bodo Uebber on Thursday said the company is reviewing ways to counter tariffs between China and the United States that have caused […]
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