Can Tho invites investors to investment promotion conferenceThe Mekong Delta city of Can Tho will hold an investment promotion conference on August 10, inviting investors for 54 projects worth nearly 124 trillion VND (5.44 billion USD). At a press conference on the conference on August 1, Chairman of the municipal People’s Committee Vo Thanh Thong said investors have already expressed interest in 44 out of the 54 projects on offer, and some are ready to start work immediately on 22 projects. He added that some projects attracted two or more investors, so the city will set criteria to select the best among them. Among the 54 projects, 21 are in real estate, 9 in culture-sports and tourism, 9 in agricultural and industrial infrastructure, 8 in transport, 4 in logistics and power, 2 in cultural-sport and health care infrastructure and 1 in information technology. Prime Minister Nguyen Xuan Phuc is expected to deliver a keynote speech and chair the conference, … [Read more...] about BUSINESS NEWS IN BRIEF 2/8
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Viet Nam News HÀ NỘI — VinFast Trading and Production Limited Liability Company, a member of the property developer Vingroup, has just finished procedures to open an office in Frankfurt, Germany. According to VinFast, the business registration office of Frankfurt has issued a certificate of establishment of VinFast GmbH (Limited Liability Company) operating in the field of purchasing, selling, distributing and performing commercial transactions (including but not limited to import and export) on spare parts, components and materials for the automotive and related services industries. After cooperation with a number of German partners such as BMW, Siemens, Bosch, Durr AG, Schuler AG, Eisenmann, FFT and EBZ, the establishment of VinFast GmbH in Frankfurt reaffirms VinFast’s commitment to producing world class and high quality vehicles. In addition to Germany, VinFast is also completing final procedures to establish subsidiaries in Shanghai, China and the … [Read more...] about VinFast to open offices in Europe, Asia
WASHINGTON — To the relief of many, the United States and Europe have agreed to avert a trade war over autos and to work toward removing other barriers to trade. Yet the truce reached Wednesday by President Donald Trump and European Commission President Jean-Claude Juncker after a White House meeting produced few details and no commitments. And it didn't begin to address other Trump-led trade conflicts, notably with China, that have already hurt many U.S. companies. Still, the news that the United States was at least temporarily holding off on taxing imported cars, trucks and auto parts from the European Union calmed fears on both sides of the Atlantic. The easing of tensions was warmly embraced after a drumbeat of intensely belligerent rhetoric from both sides. "It's not clear at this point where all this is going and how long it will last," Simon Lester, a trade specialist at the Cato Institute, wrote on the libertarian think tank's blog Thursday. "But one day of trade peace is … [Read more...] about Trump-Europe trade rift: What was settled, and what wasn’t?
TURIN, Italy (Reuters) – Alphabet Inc’s self-driving unit Waymo wants to bring its robo-taxi service to Europe after it launches in the United States later this year. Waymo’s Chief Executive John Krafcik said the company could enter European markets in collaboration with a partner, but did not give any timeframe. “There is an opportunity for us at Waymo to experiment here in Europe, with different products and maybe even with different go-to-market strategies,” Krafcik said at the Automotive News Europe Congress in Turin late on Wednesday. “It’s possible we will take a very different approach here than we would in the U.S.” Company officials had been spending time in Europe to better understand regulatory, policy and other differences with the United States, he said. Waymo will use vehicles made by Fiat Chrysler (FCA) and Jaguar Land Rover [TAMOJL.UL] in its autonomous fleet in the United States, but Krafcik did not signal if either … [Read more...] about Alphabet’s Waymo hopes to bring robo-taxi service to Europe
Twenty years ago this week, a big, bald lie was born. In the mendaciously labeled “Merger of Equals,” Germany’s Daimler-Benz AG acquired Chrysler Corp., making the Motor City’s No. 3 automaker the North American arm of a foreign company. It remains so today, albeit under an Italian-controlled parent headquartered in London. The Daimler-Chrysler deal would begin roughly a decade of unhappy marriage marked by premature executive retirements on the American side, grudging partnership on the German side, and the predictable cultural limits of trans-national unions — as least insofar as the guardians of Mercedes-Benz are concerned. There were no equals because there was no merger, as then-CEO Jürgen Schrempp admitted in an infamous interview with the Financial Times. It was a takeover executed in “a roundabout way,” he said in the fall of 2000, an admission that sufficiently poisoned whatever goodwill remained in the recesses of Auburn Hills … [Read more...] about Howes: Decades on, ‘merger of equals’ a cautionary tale