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Joint Ventures

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  • SHANGHAI, Oct 29- FAW-Volkswagen Automobile Ltd, a joint venture of Volkswagen AG and a Chinese state-owned carmaker, will recall 270,635 Audi cars in China to fix a problem with air bag software, China's quality watchdog said on Wednesday. The Audi recall comes less than two weeks after Volkswagen said it would call back more than 580,000 cars in China to fix a...

  • VCE, set up in 2009 as a one-stop shop for data centers, bundles Cisco's networking equipment and servers with EMC's storage gear and software from EMC's virtualization software unit VMware Inc.. Reports of EMC and Cisco encroaching on each other's turfs had sparked speculation that the partnership was fraying. "We view the Cisco/ VCE news as a' yawner' given that...

  • BRUSSELS, Oct 21- U.S. firm Honeywell International Inc's joint venture with chemicals company DuPont to produce a new refrigerant for car air conditioning systems to meet new environmental rules may be anti-competitive, the European Commission said on Tuesday, following a near-three year probe. When Honeywell and Dupont announced a joint venture to...

  • Oct 16- Toshiba Corp said it had signed an agreement with United Technologies Corp to strengthen strategic collaboration through their joint venture, Toshiba Carrier Corp, which develops air-conditioning equipment. The deal will expand the venture's engineering and sales resources outside Japan and establish engineering centers in the United States...

  • BEIJING, Oct 13- Universal Studios said on Monday it had a sealed an agreement to open a $3.3 billion theme park in Beijing, the culmination of a 13- year effort to enter China's fast-growing entertainment market. Tom Williams, chief executive of Universal Parks and Resorts, told a news conference in Beijing that the park would also aim to draw visitors from...

  • *VW 9- month group sales in China up 15 pct to 2.72 mln cars. European and U.S. carmakers are keen to raise their presence in China, but have been confined to owning 50 percent or less of joint venture companies run together with Chinese enterprises. VW, one of the first global automakers to establish production facilities in China during the 1980 s, has the biggest...

  • *VW 9- month group sales in China up 15 pct to 2.72 mln cars. European and U.S. carmakers are keen to raise their presence in China, but have been confined to owning 50 percent or less of joint venture companies run together with Chinese enterprises. VW, one of the first global automakers to establish production facilities in China during the 1980 s, has the biggest...

  • Oct 10- Rupert Murdoch's Twenty-First Century Fox and Apollo Global Management LLC agreed to combine three of their TV production companies behind hit shows such as "Big Brother", "American Idol" and "Masterchef" under one group. The companies said they would set up a joint venture to hold Apollo-controlled Endemol and Core Media and Fox's Shine Group.

  • TOKYO/ NEW YORK, Oct 2- Japan's SoftBank Corp said on Thursday it is taking a minority stake in privately-held Legendary Entertainment for $250 million and will form a joint venture with the Hollywood movie studio. Investing in Legendary would give SoftBank access to Hollywood films and television shows and would also broaden the reach of the Japanese company...

  • BEIJING/ SHANGHAI, Sept 22- Nissan Motor Co Ltd said on Monday it had set up a joint venture to manufacture and market its Infiniti brand in China, seeking to cash in on higher demand for understated luxury sedans in the world's biggest auto market.

  • SOCHI, Russia, Sept 19- The chief executive of Russia's top non-state oil company Lukoil said on Friday his firm was evaluating the implications of Western sanctions on its joint venture with France's Total.

  • CEO OF RUSSIA'S LUKOIL OIL COMPANY SAYS EVALUATES SANCTIONS IMPLICATIONS ON ITS JOINT VENTURE WITH FRANCE'S TOTAL.

  • Sept 12- Precious metals miner Fresnillo Plc said it would buy Newmont Mining Corp's 44 percent stake in their Mexico joint venture mines for $450 million in cash, increasing its exposure to gold mining in the country.

  • Solid Venture's quest to fight DMD  Tuesday, 9 Sep 2014 | 6:50 AM ET

    Ilan Ganot, Solid Ventures, discusses the company's ongoing efforts to develop treatments for Duchenne muscular dystrophy through gene therapy.

  • *New company to own, manage MTN's 9,151 towers in Nigeria. DUBAI, Sept 4- South Africa's MTN has agreed to form a joint venture with specialist tower company IHS that will own and operate MTN's 9,151 transmitter towers in Nigeria, IHS said on Thursday.

  • KIEV, Aug 14- Ukraine's parliament approved a law on Thursday to allow gas transit facilities to be leased on a joint venture basis with participation from firms in the European Union or United States.

  • HARARE, Aug 5- A Zimbabwe- Russia joint venture company, Ruschrome Mining, plans to invest $1.6 billion in developing a platinum mine and constructing a smelter and refinery in the African state, the state-owned Herald newspaper reported on Tuesday.

  • Peugeot's China venture raises 2014 sales target Monday, 7 Jul 2014 | 7:30 AM ET

    SHANGHAI, July 7- French carmaker PSA Peugeot Citroen's Chinese joint venture with Dongfeng Motor Group Co Ltd raised its 2014 sales target by about 50,000 vehicles on Monday after a strong first-half sales performance.

  • June 26- Infosys Ltd co-founder N.R. Narayana Murthy is close to entering into an e-commerce joint venture in India with Amazon.com Inc through his investment firm, Catamaran Ventures, India's Economic Times reported. Amazon and Catamaran were not immediately available for comment.

  • PARIS/ STUTTGART, June 26- Daimler and Nissan have finalized a joint venture deal to build future Mercedes and Infiniti compact cars in Mexico, sources with knowledge of the matter said on Thursday as the automakers called a news conference to unveil the plans.