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Last update: Sat, 03 Dec 2016 05am

Industries & Sectors

Business & Finance - Industries & Sectors

VW's Audi picks Volvo manager as new R&D chief BERLIN: Volkswagen's luxury division Audi has appointed a Volvo research and development (R&D) expert as new head of technical development, filling a key management position as the brand grapples with its emissions scandal. Peter Mertens, previously senior vice president for R&D at Volvo Car Corporation, will take up his role at Audi as soon as possible, a spokesman for Audi said on Thursday.Mertens will replace former R&D chief Stefan Knirsch who left the Ingolstadt-based manufacturer in September following reports that he knew about the use of cheat software in 3.0 litre diesel engines and gave false testimony under oath.Copyright Reuters, 2016 ...

Business & Finance - Industries & Sectors

Toyota says aims to develop advanced electric-car battery in a few years TOKYO: Toyota Motor Corp said it aims to develop a new, more advanced electric-car battery "in a few years" that will allow the Japanese automaker to come up with an electrified vehicle with driving range and battery life enhanced by up to 15 percent.Such performance-enhanced lithium-ion battery technology will likely enable all its electrified vehicles to be improved, Toyota said."Lithium-ion battery is a key technology for electrifying cars, and there is a clear need, going ...

Business & Finance - Industries & Sectors

Toyota aims to sell more hybrid cars in India NEW DELHI: Toyota Motor Corp expects hybrid cars to make up 20 percent of its total vehicle sales in India by 2020 from less than 2 percent today, a senior company official told Reuters. Toyota, which already sells the Camry hybrid in India, plans to introduce hybrid technology in models like the Corolla and Prius sedans and could introduce it for sport-utility vehicles and multi-purpose vehicles, Akito Tachibana, managing director of Toyota's India business said ...

Business & Finance - Industries & Sectors

November US auto sales to show 5 percent rise DETROIT: US auto sales in November will be up 5 percent from a year earlier, making it possible that 2016 will top last year's record high, industry consultants J.D. Power and LMC Automotive said on Wednesday.The consultants estimated industry sales in the United States this month at 1.39 million vehicles, up from 1.32 million, helped by two more selling days than a year earlier.The seasonally adjusted annualized rate will be 17.9 million vehicles, a slide ...

Business & Finance - Industries & Sectors

Lufthansa pilots extend strike again until Friday for short-haul flights BERLIN: Lufthansa pilots in Germany said they would extend strike action that began on Wednesday until Friday, ratcheting up pressure on management in a long-running pay dispute and promising further disruptions for travellers. The walkout has already grounded 1,800 flights at one of Europe's largest airlines, affecting more than 215,000 passengers. The Vereinigung Cockpit (VC) pilots' union had planned a 24-hour walkout on Wednesday but late on Tuesday said it would be extended to Thursday ...

Business & Finance - Industries & Sectors

Rio Tinto agrees deal to sell Alcan Aluminium UK LONDON: Rio Tinto said on Wednesday it had agreed to sell Alcan Aluminium UK to two members of energy and metals group GFG Alliance for $410 million as part of an effort to bolster its balance sheet. GFG Alliance's Liberty House Group will own and develop the aluminium business while another GFG member SIMEC will operate a related hydroelectric power plant near Ben Nevis in Scotland, Britain's highest mountain. As part of a wave of ...

Business & Finance - Industries & Sectors

Airbus to fly biggest A350 in battle of big twinjets PARIS: Airbus is preparing to stage the maiden flight of its largest twin-engined airplane, the A350-1000, stepping up a war for sales in a market segment dominated by US rival Boeing.Barring bad weather that could lead to a postponement, Thursday's roughly three-hour debut will add a new 366-seat member to the lightweight carbon-fibre A350 family, which entered service with the smaller A350-900 early last year. It is part of a game of leapfrog at the ...