Europe's top carmaker Volkswagen (VW) has revealed its plan to invest EUR84.2 billion in the next five years for technology upgrades and modernization of its plants.
Transportation
China's Qinhuangdao Port to bring in USD717 million in IPO
Chinese coal port operator Qinhuangdao Port Co. is seeking to raise up to USD717 million in a Hong Kong listing. The firm will be putting up for sale 829.9 million shares at HKD5.25 to HKD6.70 apiece.
BIS Industries buys Powertrans for USD30 million
Australia-based mining logistics firm BIS Industries is buying industrial transport company Powertrans for USD30 million in a debt-funded transaction which will be finalized in January.
Amazon Germany union workers plans further strikes
Representatives from the German service sector Union Verdi, informed the public that they plan to walk out for at least one day on Monday. It has already organized several short strikes this year in a bid to force Amazon to accept a collective agreement on a dispute over pay and work conditions.
Babcock in negotiation to purchase stake in Avincis in JV deal
Babcock, UK's leading engineering support service is in exclusive discussion to acquire a stake in helicopter transport services company, Avincis. Being a part owner of Avincis would open doors to lucrative defense contracting markets for Babcock, particularly in Spain and Italy.
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The Department of Energy will lose about USD139 million on a loan given to Fisker Automotive under a clean vehicles program after the automaker sold part of the loan to Hybrid Technology.
PSA Peugeot Citroen is preparing to replace its present Chief Executive Officer Philippe Varin for a joint venture with Chinese partner Dongfeng, according to sources familiar with the matter.
The Galeao airport in Rio de Janeiro was sold to Odebrecht and its partner Changi Airports International for USD8.3 billion, a value almost four times the minimum bid.
The following bids, mergers, acquisitions and disposals were reported on Friday, including Microsoft, Comcast, Green Dot, Goldman Sachs and others.
The three-person management team of private limousine service Uber had severed ties with the company six months after the car service company launched its services in the capital of Germany.
US-based crowd-shipping mobile app Friendshippr closed USD670,000 in funding from angel investors in Dubai to connect consumers to Facebook friends who will help transport items for them.
Ohio-based tank truck transportation and logistics provider Kenan Advantage Group purchased Canada-based bulk transportation provider RTS-Westcan Group of Cos in an acquisition deal with undisclosed terms.
Thailand is ready to launch a BHT2 trillion infrastructure investment project in 2014, which could potentially boost the country's economy after a slowdown this year.
The following bids, mergers, acquisitions and disposals were reported on Tuesday including Nokia, IntercontinentalExchange Group, Goldman Sachs and others.
