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Industrial

WATCH: Driverless electric truck hits Swedish roads

May 16 2019 19:33

A driverless electric truck began daily freight deliveries on a public road in Sweden in what developer Einride and logistics customer DB Schenker described as a world first.

Industrial

WATCH: VW wins worker backing for restructuring with $1.1bn battery plan

May 16 2019 13:34

Volkswagen workers have backed a restructuring of the world's largest carmaker after CEO Herbert Diess pledged to spend $1.1bn on a new battery cell production plant near its headquarters.

Industrial

Aspen poised to meet deadline for sale of its baby milk unit

May 15 2019 20:01

The Overseas Investment Office agreed in principle to allow French dairy company Lactalis International to buy the unit from Aspen, said the person, who asked not to be identified because the details aren’t yet public.

Economy

Some Transnet execs learnt of irregular contracts through media, state capture inquiry hears

May 15 2019 14:08

Mahommed Mahomedy told the state capture inquiry that a review of contracts by the new group's board uncovered a serious disregard for processes and management structures in the appointment of service providers.

Industrial

Nissan reaches 'rock bottom' on dividend cut, decade-low profit

May 14 2019 13:58

Nissan predicted annual operating profit below even the most pessimistic analyst’s estimate and cut its dividend for the first time in a decade, giving partner Renault SA a potential opening to push for greater control over their automaking alliance.

Industrial

Tesla plunges to a two-year low on China trade fears

May 13 2019 21:28

Tesla plunged as much as 6.3% to $224.50, the lowest intraday since January 2017, and the stock led decliners among the 27-member Bloomberg World Auto Manufacturers Index.

Industrial

Falling confidence hits African airlines' international business

May 12 2019 06:00

The upward trend in African airlines' international passenger travel demand has softened since mid-2018, according to the International Air Transport Association.

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Industrial

New York is killing off its last coal-fired power plants

May 10 2019 20:56

The state’s environmental regulator says that it has finalised regulations requiring all power generators to meet new carbon-dioxide emissions limits

Industrial

WATCH: ArcelorMittal warns European steel demand is going soft

May 14 2019 19:27

ArcelorMittal, the world's biggest steelmaker, says earnings took a hit as European steel demand and prices for the metal both fell.

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