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Strategic Alliances

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  • Nissan and Daimler sign Mexico venture plan - source Friday, 14 Mar 2014 | 3:00 PM ET

    PARIS, March 14- Nissan and Daimler have agreed on plans for a 50-50 Mexican joint venture designed to produce future vehicle models for their Infiniti and Mercedes-Benz brands, a person with knowledge of the matter said on Friday.

  • TOKYO, March 14- IHI Corp, General Electric's jet engine partner in Japan, may tie up aircraft engine part production with Mitsubishi Heavy Industries Ltd which is more closely aligned with GE's competitors.

  • WASHINGTON, March 11- The crisis in Ukraine has not jeopardized the longstanding relationship between the U.S. Air Force and the Russian company that builds engines for the rockets used to launch large U.S. government satellites, a U.S. official said on Tuesday.

  • WASHINGTON, March 11- The crisis in Ukraine has not jeopardized the longstanding relationship between the U.S. Air Force and the Russian company that builds engines for the rockets used to launch large U.S. government satellites, a U.S. official said on Tuesday.

  • DETROIT, March 4- EcoMotors, a Michigan- based engine maker backed by Microsoft founder Bill Gates and venture capitalist Vinod Khosla, has formed a joint venture in China with a subsidiary of First Auto Works. FAW's manufacturing partners in China include Volkswagen AG, Toyota Motor Corp and General Motors Co.

  • *Private employers add 139,000 jobs in February. WASHINGTON, March 5- U.S. private employers added fewer workers than expected in February and services sector growth slowed, the latest signs that severe weather continues to be a drag on the economy.

  • LONDON, Feb 27- Iran's oil tanker fleet is gearing up for more business, with some vessels taking to the high seas after over more than a year at home ports, another sign that an easing in Western sanctions is enabling exports to begin to pick up.

  • JERUSALEM, Feb 19- The partners in the Tamar natural gas field off Israel's Mediterranean coast have signed a deal to sell at least $500 million of gas over 15 years to two Jordanian companies in the first deal outside of Israel. Israel's Delek Group, through its units Avner Oil Exploration and Delek Drilling, holds a 31.25 percent share.

  • JERUSALEM, Feb 19- The partners in the Tamar natural gas field off Israel's Mediterranean coast have signed a deal to sell at least $500 million of gas over 15 years to two Jordanian companies for the first deal outside of Israel. Albemarle- at their facilities near the Dead Sea, Noble Energy said on Wednesday.

  • European shares steady; Peugeot surges Wednesday, 19 Feb 2014 | 3:21 AM ET

    PARIS, Feb 19- European shares were steady in early trade on Wednesday, underpinned by strong gains in PSA Peugeot Citroen after the French carmaker announced a partnership with a Chinese rival. But Peugeot dominated, rising 8 percent as traders cited short-covering on the stock following the 3 billion euro capital tie-up with China's Dongfeng.

  • BUENOS AIRES, 18 Feb- Argentine state-run oil company YPF said Tuesday that it had signed a memorandum of understanding for Malaysian energy company Petronas to invest in its massive Vaca Muerte shale formation.

  • *Peugeot and Dongfeng to announce tie-up- sources. PARIS, Feb 18- PSA Peugeot Citroen and China's Dongfeng have agreed a 3 billion euro capital tie-up that buys the French carmaker more time to turn its business around, brings in new management and ends two centuries of family control.

  • SHANGHAI, Feb 18- China's Dongfeng Motor Group Co Ltd and PSA Peugeot Citroen will agree on Tuesday to a capital tie-up as part of a broader 3 billion euro fundraising that will end the Peugeot family's control of the 200- year-old French carmaker, a source said.

  • By Gilles Guillaume and Laurence Frost. PARIS, Feb 17- PSA Peugeot Citroen's founding family gave the go-ahead on Monday for a 3 billion euro tie-up with China's Dongfeng that would draw a line under one of France's oldest industrial dynasties, sources said.

  • PARIS, Feb 13- PSA Peugeot Citroen and Banco Santander are close to agreement on a European car loans alliance that the French carmaker plans to unveil alongside a recapitalisation deal with Chinese partner Dongfeng, sources said on Thursday.

  • MUMBAI, Feb 12- India's Piramal Enterprises Ltd said it will join with Canada Pension Plan Investment Board to set up a $500 million fund to finance residential property projects in India.

  • *Peugeot-Dongfeng talks to enter final stage in China. PARIS, Feb 7- PSA Peugeot Citroen negotiators and French government officials are leaving for China this weekend, sources familiar with the matter said, for what they hope will be a final round of tie-up negotiations with Dongfeng Motor Group.

  • VANCOUVER, Feb 6- At a time when major miners have turned gun-shy on acquisitions after a rash of value-busting deals, two big players made it clear last week that they are still keen to partner with junior firms on high-quality, early-stage projects.

  • *Chairman Thierry Peugeot had championed alternative plan. PARIS, Feb 6- PSA Peugeot Citroen's board has given Chief Executive Philippe Varin its backing to continue tie-up talks with China's Dongfeng Motor Group, the French carmaker said on Thursday.

  • TOKYO, Feb 3- Japan's Nikkei share average fell to a fresh 2 1/ 2- month low on Monday, extending last week's declines with little sign that emerging market woes have abated, and upcoming U.S. jobs data keeping investors risk-shy. Analysts said that they had expected a sharper sell-off in Tokyo on Monday after seeing the Nikkei futures closed at 14,610 in Chicago.