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The German autoconcern Volkswagen and American automaker Ford Motors are considering the possibility of creating a strategic alliance to enhance the competitiveness of both companies. To this end, the companies signed a joint memorandum. The press release of the companies notes that they can also be engaged into joint development of cars for cargo and passenger transportation. At the same time, we are not talking about a possible merger, as potential share swap is not discussed. The management of Volkswagen has previously approved a plan to prepare a division of Volkswagen Truck & Bus for possible separation into a separate company and listing. Ford, in order to improve profitability, is implementing a program to reduce costs amounting to $25.5 billion during 4 years.
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
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