Business

Geely Drops Proton Bid

March 23, 2017 at 9:34 AM

Zhejiang Geely Holding Group Co. has withdrawn its bid to purchase Malaysia’s struggling Proton Holdings Bhd, Geely President An Conghui tells South China Morning Post.

First Mustang Hardtop to Hit the Auction Block

March 22, 2017 at 4:31 PM

Interested in vintage Mustangs? The first hardtop pony car built by Ford Motor Co. in 1964 will be sold in May by collector Bob Fria at Mecum Auction Inc.’s event in Indianapolis.

Panasonic to Buy Majority Stake in Ficosa

March 21, 2017 at 8:43 AM

Japan's Panasonic Corp. says it will acquire an additional 20% stake in Barcelona-based Ficosa International SA to increase its share in the Spanish parts maker to 69%.

Report: Jaguar to Return to GT Racing

March 20, 2017 at 11:11 AM

Jaguar Land Rover Ltd. is modifying Jaguar's F-Type sports car to compete in the GT4 race class later this year, Autosport reports.

Faraday Future’s Backer to Sell Calif. HQ

March 20, 2017 at 10:16 AM

The Chinese conglomerate behind California electric-car startup Faraday Future Inc. is looking for a buyer for the 49-acre headquarters complex it bought in Silicon Valley less than a year ago, sources tell Reuters.

UPS Invests $90 Million in CNG Program

March 16, 2017 at 8:57 AM

United Parcel Services of America says it will build six more compressed natural gas fueling stations this year and add 390 new CNG trucks and 50 liquefied natural gas (LNG) vehicles to its fleet.