SHANGHAI, June 6 Reuters Volkswagen 39;s Chinese joint venture with SAIC Motor has transformed one of its plants in Shanghai for production, research and development of electric vehicles EV, the German automaker said on Tuesday. Production of internal combustion engine models at the main plant of SAIC Volkswagen in Anting of Shanghai will be relocated to […]

CUPERTINO, California, June 5 Reuters Apple on Monday unveiled a costly augmentedreality headset called the Vision Pro in its riskiest bet since the introduction of the iPhone more than a decade ago, barging into a market dominated by Meta. At its annual developer conference, Apple also introduced a raft of new products and features, including a 15inch MacBook […]

ISTANBUL, June 6 Reuters Emirates President Tim Clark said on Tuesday the airline may order more Airbus A350, Boeing 777X or 787 jets as the Dubaibased carrier renews its fleet and looks ahead to demand through the 2030s. We are looking at both more A350s, more 7779 and possibly the 787 range, Clark told reporters […]

June 6 Reuters Ford Motor Co on Tuesday named Whirlpool Corp39;s Liz Door its chief supply chain officer, at a time when the automaker navigates through parts shortages and rising costs. The appointment, effective June 12, comes as the company predicts a difficult 2023, blaming chip shortages and other supply chain issues and production instabilities. The role […]

HONG KONG, June 6 Reuters BlackRock Inc39;s head of China business, Tony Tang, is leaving the asset manager, the company said on Tuesday, after having played a key role in expanding operations in the world39;s secondlargest economy. BlackRock, the world39;s largest asset manager, said Tang has expressed an interest in exploring opportunities outside the firm, in […]

Reuters Intel Corp is offering 35 million shares of Class A common stock, or about a 1.5 billion stake, in Mobileye Global Inc, according to a regulatory filing on Monday. After the offering, Intel39;s voting share in the selfdriving technology company will come down to about 98.7 from the 99.3 it currently holds. Shares of the Jerusalem, […]

June 5 Reuters Spotify Technology SA said on Monday it would cut 200 jobs from its podcast unit in its second round of layoffs, as the company restructures the business after years of heavy investment. The move affects about 2 of the musicstreaming giant39;s workforce and aligns Spotify with the likes of Meta Platforms and Roku, which […]

ISTANBUL, Reuters Airbus is closing towards a potentially record deal to sell 500 narrowbody A320family jets to India39;s largest carrier IndiGo, industry sources said on Sunday. The European planemaker has emerged as frontrunner for an order eclipsing Air India39;s historic provisional purchase of 470 jets in February, the sources said on the sidelines of an airline industry […]

ZURICH, June 5 Reuters UBS said on Monday it expected to complete its takeover of Credit Suisse as early as June 12, creating a giant Swiss bank with a balance sheet of 1.6 trillion following a governmentbacked rescue earlier this year. Completion is subject to the registration statement, which covers shares to be delivered, being declared effective by the […]

June 5 Reuters Danish drug developer Novo Nordisk said on Monday it had started talks to buy a controlling stake in French medical device designer Biocorp. The Danish company said it had entered into exclusive negotiations with Bio Jag, Biocorp39;s main shareholder, for the purchase of its over 45 stake in the French company at […]