NEW YORK/BEIJING (Reuters) – General Motors Co (N:GM) is retreating from more markets outside of the United States and China, saying on Sunday that it will wind down sales, design and engineering operations in Australia and New Zealand and retire the Holden brand by 2021.
Great Wall said in a statement it expects to complete transaction of Rayong car plant, which is currently operated by GM, by the end of 2020.
DUBAI (Reuters) – Dubai’s DP World (DI:DPW), one of the world’s largest port operators, said…
Investing.com – Asian markets were mixed on Monday morning, with Japan’s Nikkei 225 underperforming its regional peers after data showed the country’s economy shrank at the fastest pace in six years.
TOKYO (Reuters) – Nissan’s new CEO Makoto Uchida doesn’t have time to work his way into the job. He is effectively on probation and has a matter of months to show he can revive the ailing automaker, according to three people familiar with the thinking of some on the company’s board.
An announcement could come as soon as Monday, the source said, adding a deal has yet to be signed.
Makro will continue to operate in Brazil but with only 24 stores in the country’s richest state, Sao Paulo. Makro, whose Latin American stores are owned by Netherlands-based SHV Holdings, did not disclose a transaction price.
The S&P BSE Sensex Index was little changed at 41,270.37 as of 9:43 a.m. in Mumbai after rising as much as 0.4% and falling as much as 0.3%. The NSE Nifty 50 Index was also flat after swinging between the same range.