FILE PHOTO: An Airbus A380 is taking part in a flying display during the 52nd Paris Air Show at Le Bourget Airport near Paris, France June 23, 2017. REUTERS/Pascal Rossignol NANTES, France (Reuters) - Emirates announced a deal for up to 36 Airbus A380 aircraft on Thursday worth as much as $16
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Poorly maintained vessels put local shipowners at a disadvantage
Lagos (The Punch) - Amidst complaints by local shipowners that they are being sidelined in the coastal distribution of wet cargo, including petroleum products, an investigation by our correspondent has revealed that the reason foreign ships are preferred above local ones is that the local ships lack good maintenance and
Mazda vows to stay independent despite deeper ties with Toyota
Detroit (Reuters) - Japan’s Mazda Motor Corp on Wednesday said that while it is deepening its development and production partnership with Toyota Motor Corp, the small automaker would remain a company independent from its much bigger rival. Mazda and Toyota last week said they will build a $1.6 billion joint assembly plant
FedEx to merge specialty logistics, e-commerce into its forwarding arm
FedEx announced yesterday that, starting March 1, 2018, it will begin merging its speciality logistics and e-commerce services into a new structure, under the company’s freight forwarding arm, FedEx Trade Networks, Inc. The reorganization puts the muscle of FedEx’s entire network behind the company’s global e-commerce services portfolio, which the integrator
Volkswagen brand car sales hit record 6.23 million in 2017
Detroit (Reuters) - Volkswagen’s core autos division increased vehicle sales to a record 6.23 million cars last year, as rising demand for VW brand models in the Americas and the key Chinese market offset a decline in western Europe. Although the emissions test-cheating scandal of September 2015 has cost the German group
Air France denies involvement in bid to take over Alitalia
An Air France Boeing 787-9 scale model is seen in Paris, France January 10, 2018. REUTERS/Gonzalo Fuentes Paris (Reuters) - Air France on Saturday denied that it had made an offer to buy the struggling airline Alitalia, a day after an Italian government minister said the French flag carrier had made a
Volkswagen plans to double output from Kenya plant, Kenyan presidency says
Technicians work on a Polo Vivo at the assembly plant in Kenya's Thika industrial area Nairobi (Reuters) - German automaker Volkswagen (VW) plans to double output at its Kenyan assembly plant and could build a second model there, Kenya’s presidential office said without giving a timeline. VW set up the vehicle assembly plant
Hyundai invests in Grab to gain ‘foothold’ in Southeast Asia ride-hailing market
Seoul (Reuters) - South Korea’s Hyundai Motor Co said on Thursday it had invested in Southeast Asian ride-hailing firm Grab, as it seeks to expand into the region to reduce its reliance on China following a damaging diplomatic row between Seoul and Beijing. Hyundai’s first direct investment in a ride-hailing firm gives
Kenya Airways CEO sees 10 percent revenue bump from direct U.S. flights
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