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Business Strategy Joint Ventures

  • YANGON, Nov 6- Japan's ANA Holdings Inc has dropped a plan to form a joint venture in Myanmar, the airline said on Monday, after its application for an air operator's certificate was rejected by the authorities in the Southeast Asian country. ANA had agreed to take a 49 percent stake in the airline, which would have focused on international routes, in anticipation of...

  • FRANKFURT, Nov 3- A group of mainly German car makers said on Friday it had formed a joint venture to build out a pan-European network of 400 fast charging stations for electric vehicles by the year 2020.. "The first pan-European HPC network plays an essential role in establishing a market for electric vehicles," IONITY's CEO Michael Hajesch said.

  • FRANKFURT, Nov 3- A group of mainly German car makers said on Friday it had formed a joint venture to build out a pan-European network of 400 fast charging stations for electric vehicles by the year 2020.. "The first pan-European HPC network plays an essential role in establishing a market for electric vehicles," IONITY's CEO Michael Hajesch said.

  • WestJet Chief Executive Gregg Saretsky told analysts the carrier could "look at" the possibility of coordinating items like scheduling and pricing on certain routes with U.S. partners American Airlines and Delta Air Lines. Earlier, Canada's second-largest airline said it would add capacity in 2018, because of rising demand, while launching its new...

  • *Joint venture to become Amgen subsidiary. *To pay $780 mln to Kirin. TOKYO, Oct 31- Japan's Kirin Holdings Co Ltd said on Tuesday it would sell its share in a pharmaceutical research joint venture with California- based drugmaker Amgen Inc for $780 million.

  • Tesla to announce China plans by year-end

    CNBC's Phil LeBeau reports the latest on Tesla's plans for production in China.

  • MILAN, Oct 20- The board of Telecom Italia has approved the creation of a joint venture with French media group Vivendi's pay-TV unit Canal+, strengthening the link between the Italian phone group and its biggest shareholder. "The joint venture with Canal+ will in fact allow us to seize new opportunities for growth in a market undergoing continuous evolution...

  • Oct 16- U.S. private equity firm Carlyle Group LP and asset manager OppenheimerFunds Inc will form a joint venture to provide wealth management services to rich investors in the United States, the companies said on Monday. Kamal Bhatia, the head of investment solutions for OppenheimerFunds, and Mark Jenkins, the head of global credit for Carlyle, will lead the...

  • SHANGHAI, Oct 13- China's Great Wall Motor Co Ltd on Friday said it was in talks with BMW to cooperate on vehicles including those the German firm produces under the Mini brand, and that the pair have not yet agreed on any new ventures. Reuters earlier this week reported the two automakers were looking to establish a joint venture in China. BMW, in a separate statement,...

  • SHANGHAI/ BEIJING, Oct 11- German luxury automaker BMW is looking to form a joint venture with Great Wall Motor in China, which could focus on electric vehicles, according to two sources familiar with the matter on Wednesday. BMW's China sales grew 11.3 percent last year. BMW is trying to stay ahead of third-place Daimler's Mercedes-Benz, which recorded 26.6...

  • *Great Wall's HK shares surge as much as 19 pct. SHANGHAI/ BEIJING, Oct 11- German luxury automaker BMW is looking to form a joint venture with Great Wall Motor, a source familiar with the matter said, sending shares in the Chinese automaker up by nearly a fifth on Wednesday. A venture with Great Wall would be BMW's second in China, the world's largest auto market.

  • *Great Wall's HK shares surge as much as 19 pct. SHANGHAI/ BEIJING, Oct 11- German luxury automaker BMW is looking to form a joint venture with Great Wall Motor, a source familiar with the matter said, sending shares in the Chinese automaker up by nearly a fifth on Wednesday. A venture with Great Wall would be BMW's second in China, the world's largest auto market.

  • *Air France, Vietnam Airlines j/v to start Nov. 1. PARIS/ HANOI, Oct 10- Air France signed a new joint venture deal with Vietnam Airlines and said it was in advanced talks with India's Jet Airways over a partnership as part of efforts to boost its long-haul network. The joint venture with Vietnam Airlines, due to start from November depending on approval from...

  • *Also in talks with Jet Airways to strengthen partnership. *Air France, Vietnam Airlines j/v to start Nov. 1. PARIS/ HANOI, Oct 10- Air France signed a new joint venture deal with Vietnam Airlines and said it was in advanced talks with India's Jet Airways over a partnership as part of efforts to boost its long-haul network.

  • Aramco wants to buy a stake in the planned 1.2 million barrels per day refinery in India's west coast, India's oil minister said in June. Nasser said Aramco is interested in investing in India's downstream sector- refining, petrochemicals and fuel retailing including lubricants. Saudi Arabia is competing with Iraq to be India's top oil supplier, with Iraq...

  • LUSAKA, Oct 2- Zambia has awarded Austria's Kapsch TrafficCom AG a joint venture contract to design, install and operate a road traffic surveillance system to curb accidents, the company said on Monday. The number of vehicles on Zambia's roads almost tripled to 700,000 in the 10 years to 2016, increasing road fatalities in the southern African nation, it said in a...

  • TOKYO, Sept 28- Toyota Motor Corp, Mazda Motor Corp and Toyota-affiliated parts maker Denso Corp are planning to set up a joint venture to develop electric vehicles, Japanese public broadcaster NHK reported on Thursday. Toyota said it had no immediate comment, while a Denso spokesman declined to comment. Mazda said nothing had been decided yet.

  • TOKYO, Sept 26- Kobe Steel Ltd, Japan's No.3 steelmaker, and United States Steel Corp said on Tuesday that their U.S. joint venture will spend $400 million to boost output capacity of high-strength steel amid growing demand from automakers. The 50-50 joint venture, PRO-TEC Coating Company, will begin construction of a new continuous galvanizing line in its steel...

  • Sept 25- Giant U.S. food producer Cargill will create a new British joint venture with UK peer Faccenda Foods focused on poultry production, the two firms said in a statement on Monday. The newly-formed company, in which both will have an equal stake, plans to employ about 6,000 people in the UK, they said. They said Andy Dawkins, who is currently the managing director...

  • Just two days before general elections in Europe's biggest economy, the demonstrators protested against up to 4,000 job cuts that will be made should the joint venture go ahead. Thyssenkrupp and Tata this week said they had signed a memorandum of understanding for a 50-50 joint venture that would create Europe's second-biggest steelmaker after...