Month: November 2016
Abu Dhabi-based NPCC wins $141 million EPC project from ONGC
ABU DHABI, 2nd November, 2016 (WAM) — Abu Dhabi-based National Petroleum Construction Company, NPCC, has won a US$141 million (AED 520 million) contract from India’s Oil and Natural Gas Corporation Ltd, ONGC.
DEWA highlights efforts to increase clean energy use at MEED summit
DUBAI, 2nd November, 2016 (WAM)–Dubai Electricity and Water Authority (DEWA) participated on Wednesday in the MEED Leaders in Energy Reform Summit, which attracted a number of prominent decision makers in the region.
Jaguar, Land Rover gain in ’16 as Mercedes, Lexus, BMW lose ground
As auto-sales growth has slowed this year in the U.S., the biggest gainers have been smaller luxury brands with new SUV offerings. Exhibit A: Jaguar, the elegant British line known traditionally for its sports cars and sedans.
Sales in October slip 5.9%, but 17.98 million SAAR strongest of the year
U.S. auto sales, dragged down by declines at Ford, GM, Fiat Chrysler, Honda, Nissan and Toyota, fell in October for the third consecutive month. However, the month's selling rate was the strongest of 2016 so far.
KKR said to drop from bidding for Takata
KKR and Co. has dropped out of the bidding for Takata Corp. as the troubled airbag maker seeks to finalize a shortlist of suitors by mid-November, according to people familiar with the matter.
Mazda says Toyota tie-up could yield electric, connected cars
Toyota and Mazda have discussed electric vehicles and connected cars as part of at least 10 potential areas for cooperation, the latest indication Japan's automakers will join forces to cope with technological trends shaking up their industry.
Tesla’s Musk blasts ‘naysayers,’ expects SolarCity boost in 3 years
Tesla CEO Elon Musk took his skeptics to task, giving more detail on potential benefits of the automaker's pending SolarCity acquisition and saying the deal's doubters have a history of making bad predictions.
Martin Leach, former head of Maserati, Ford of Europe, dies at 59
Martin Leach, a former Ford executive who led its European unit and also ran Maserati before taking a top position at electric carmaker NextEV, has died. He was 59.
FORD: Declines across the Ford lineup; gains at Lincoln
Ford Motor Co.'s U.S. sales fell 12 percent in October, as every car and SUV in the Ford brand's lineup declined. It was the fourth consecutive year-over-year decline in Ford's monthly sales and its largest since August 2010.
Delphi Q3 profits hit by restructuring costs, debt retirement
Delphi Automotive reported a 27 percent decline in third-quarter net income as restructuring costs and debt refinancing offset revenue gains.