Volkswagen Launches Flexible Quick-Charging Stations JV in China
Volkswagen AG and startup Shanghai DU-POWER New Energy Technical Co., Ltd are partnering to produce flexible quick-charging stations in China,… Read More »
BYD Co. Vehicle Sales Decline Eased in March
BYD Co.’s March car sales fell 35% from a year earlier, a smaller drop compared with a 79% plunge in… Read More »
ZTE Corp.: Controlling Shareholder Sold 48.91 Million A-Shares
ZTE Corp. said its controlling shareholder sold 48.91 million of its Shenzhen-listed shares this month, which amount to 1.06% of… Read More »
China Aoyuan to Buy 30% Stake in Kinghand Industrial
China Aoyuan Group has agreed to acquire 29.99% of the share capital of a Shenzhen-listed property developer, Kinghand Industrial Investment… Read More »
India Again Allows Export of Antimalarial Drug Touted for Coronavirus
India is ending a ban on the export of hydroxychloroquine, an antimalarial drug that may help treat victims of the… Read More »
Mitsubishi Motors Starts to Put 6,500 Workers on Leave, Nikkei Reports
–Mitsubishi Motors Corp. has started putting up to 6,500 full-time and temporary workers at three domestic factories on leave as… Read More »
Russia’s Putin Urges Oil Producers to Cooperate to Curtail Falling Prices
Russian President Vladimir Putin said Wednesday that oil producers should work together to mitigate the market downturn as crude prices… Read More »
Michelin Cuts Proposed Dividend, Schedules Online Annual Shareholder Meeting
Michelin SA said Wednesday that it will reduce its proposed dividend and hold its annual shareholders meeting behind closed doors… Read More »
Pier 1 Imports Cancels Bankruptcy Auction as Coronavirus Chills Potential Bids
Pier 1 Imports Inc. has canceled an auction to sell itself out of chapter 11 as senior lenders opted to… Read More »
Macy’s to Furlough Most Workers as Stores Stay Shut
Macy’s Inc. will furlough the majority of its employees beginning this week as sales have evaporated while its stores remain… Read More »