A logo of Airbus is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse PARIS (Reuters) - Airbus said on Wednesday it had the capacity to push the production of its A350 planes above its targeted level of 10
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Honda to cut Japanese production by a quarter as domestic sales stagnate
3% levy on wet cargo begins November 1, 2017
Operators in the maritime industry may have to brace for a tougher regulatory regime as the Nigerian Maritime Administration and Safety Agency (NIMASA) plans to tighten safety regulations in the sector. As part of the reforms, ship registration processes will be automated and made available online. Tankers operating in the
Walmart escalates fierce battle with Amazon
Walmart acquires delivery startup Parcel to help it own New York City with same-day delivery. Walmart announced on Tuesday that it had acquired Parcel, a New York-based logistics firm. Parcel has warehouses in Brooklyn and a network of couriers that partner with brands like Bonobos to offer same-day delivery in certain areas. Walmart's acquisition
Ford Chief Outlines Investment Shift Away From Passenger Cars
Jim Hackett, chief executive of Ford Motor, had promised a plan to improve the company’s “fitness” and strategic direction. CreditJoe Vaughn for The New York Times New York (NYT) - Ford Motor’s new chief executive offered a blueprint on Tuesday to take advantage of changing customer tastes and new technologies such as
How Uber C.E.O. Aims to Win Back London
LONDON (NYT) — Less than two weeks after being stripped of its license in London, Uber has gone on a charm offensive to win it back. Even as the ride-hailing company’s board grappled with internal divisions and a major investment hung in the balance, the company’s new chief executive, Dara Khosrowshahi,
Toyota closes its plant in Australia
Toyota To Cut 100 Jobs From Melbourne Plant: News ...closure latest in Australian Carmageddon SYDNEY (AP) — After looming for four years, “Carmageddon” has hit the Australian auto industry. Toyota closed its factory in Melbourne on Tuesday, ending 54 years of production by the Japanese firm in Australia, the first country outside of Japan
GM to launch new EVs, says future is all-electric
AFTER MORE THAN a century peddling vehicles that pollute the atmosphere, General Motors is ending its relationship with gasoline and diesel. GM, the American automotive giant said Monday, it is working toward an all-electric, zero-emissions future. That starts with two new, fully electric models next year—then at least 18 more by 2023. The U.S. largest automaker
Monarch Airlines goes bust, spoiling holiday plans for many Britons
LONDON (Reuters) - Britain’s Monarch Airlines collapsed on Monday, causing the cancellation of hundreds of thousands of holidays, after falling victim to intense competition for flights and a weaker pound. The failure of Monarch, the largest British airline to go bust, will affect nearly 900,000 passengers in total. It marooned more
European airlines failures play into hands of richer rivals
BERLIN (Reuters) - First Alitalia, then Air Berlin and now Monarch Airlines: Europe’s struggling carriers are falling like dominoes and the region’s biggest airlines are set to chalk up bigger profits. The collapse of airlines gives rivals a chance to snap up planes, prized airport slots and much-needed pilots. It takes