Tesla says plans to open China design and research center
U.S. electric car maker Tesla plans to open a design and research center in China to make "Chinese-style" vehicles, the company said in a recruitment notice on its official WeChat account.
U.S. electric car maker Tesla plans to open a design and research center in China to make "Chinese-style" vehicles, the company said in a recruitment notice on its official WeChat account.
China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world's two largest economies, defusing an 18-month row that has hit global growth.
The long-awaited U.S.-China trade deal touted new wins for U.S. companies looking to access China's $40 trillion financial sector, but many of the changes were already in the works with Beijing stepping up the pace of opening up in the past year.
The world's biggest investment banks will be able to wholly own their China securities businesses from April 1 as the U.S.- China Phase 1 trade deal accelerates a previous deadline for removing foreign ownership caps by nine months.
Korea's Hyundai Group is backing a UK electric vehicle startup that plans to begin selling battery-powered delivery vans in 2021, the companies said on Thursday.
Chinese financial institutions are completely capable of coping with foreign competition as the $40 trillion financial sector is freed up, the central bank said on Thursday, after China and the United States signed a initial deal on trade.
Japanese attorneys representing Carlos Ghosn, including lead lawyer Junichiro Hironaka, quit on Thursday following the former Nissan chief's flight to Lebanon from Japan, where he had been fighting financial misconduct charges.
Chinese Vice Premier Liu He said China will steadily push forward capital account opening and yuan internationalization, under the premise of focusing on preventing risks, state media People's Daily reported on Thursday.
Renault chairman Jean-Dominique Senard said on Thursday the operating board of the Renault-Nissan alliance would meet by the end of January to decide on joint industrial initiatives.
Renault chairman Jean-Dominique Senard said on Thursday there was "no stress" to appoint a new chief executive at the helm of the French carmaker, adding current interim arrangements were working well.
Renault Chairman Jean-Dominique Senard said on Thursday there was a "real desire" at the helm of the carmaker's alliance with Nissan to make it a success, dismissing suggestions the two decade partnership might be on the rocks.
China's Belt and Road investment scheme, which aims to connect Europe with Asia, is sidelining European companies and Brussels should review its competition law to level the playing field, a business lobby group said on Thursday.
Tesla Inc's overall vehicle registrations nearly halved in the U.S. state of California during the fourth quarter, according to a Dominion Cross-Sell report, which collates data from state motor vehicle records.
Oil prices rose on Thursday buoyed by the long-anticipated signing of an initial Sino-U.S. trade deal that sets the stage for a jump in Chinese purchases of American energy products, while U.S. crude inventories fell more than expected.
Comcast Corp on Thursday will reveal details of Peacock, its belated entry into the streaming wars, as it harnesses its NBCUniversal library and invests in new content in an effort to capture viewers abandoning cable TV.