Business Topics

Jan 11, 2017

NRG, JX Nippon open $1 billion clean coal power project in Texas

U.S. power generator NRG Energy Inc. and Japanese energy producer JX Nippon Oil & Gas Exploration Corp. have finished the world’s largest system to capture carbon dioxide produced from burning coal at a power plant. The $1 billion Petra Nova project, which collects carbon ...

Despite scandal, VW in running for global sales crown

| Jan 11, 2017

Despite scandal, VW in running for global sales crown

It’s ironic: Volkswagen spent 2016 battling a huge scandal over cars it rigged to cheat on emissions tests. And now it stands a decent chance to pass Toyota for the title of world’s biggest carmaker for the year. Booming business in China helped Volkswagen ...

Jan 10, 2017

Honda to invest more than $370 million in Canadian plant

Honda will invest 492 million Canadian dollars ($372 million) in its Alliston factory north of Toronto, with financial support from the federal government and province of Ontario, Canadian Economic Development Minister Navdeep Bains said on Monday. The governments of Canada and Ontario will each ...

Asahi Kasei might skip Mexico, opt for U.S. expansion instead

Jan 6, 2017

Asahi Kasei might skip Mexico, opt for U.S. expansion instead

Asahi Kasei Corp. is thinking of expanding its bases in the United States rather than starting up operations in Mexico, President Hideki Kobori says. “We’re considering expanding into Mexico, but depending on the course of events, expanding U.S. bases may be a better idea,” ...

Nissan ending joint development of luxury cars with Daimler

Jan 6, 2017

Nissan ending joint development of luxury cars with Daimler

Nissan is halting joint development of luxury cars with Daimler’s Mercedes-Benz, sources close to the companies told Reuters, suspending a key project in their seven-year partnership and potentially hitting profitability at a new shared factory in Mexico. Nissan decided in October its premium Infiniti ...