Transportation

A key Senate committee will hold a hearing in coming weeks to examine U.S. aviation safety oversight and the Federal Aviation Administration's decision to allow Boeing Co to use highly flammable lithium-ion batteries on board its new 787 Dreamliner, a congressional aide said on Tuesday.

Japan's transport ministry said on Monday it will continue its investigation into problems with batteries used in Boeing Co's 787 Dreamliner jet and manufactured by Japanese battery maker GS Yuasa Corp.

Boeing Co.

Europe's Airbus posted a 43 percent drop in orders and surrendered its crown as the world's largest planemaker to Boeing last year, but predicted improvements in both orders and deliveries for 2013 as airlines seek to reduce fuel costs.

India's state-owned carrier Air India has closed bookings on Boeing Co Dreamliner-operated flights "for the time being", the airline said on Thursday.

Japan's transportation ministry said a fuel leak on a Japan Airlines-operated Boeing 787 jet last week was due to a malfunction in a driving mechanism that controls a valve.

General Motors Co and Facebook Inc are discussing the return of the U.S. automaker as a paid advertiser about eight months after GM said it would stop running ads on the social networking website, a top GM executive said.

European safety regulators will follow the United States in ordering the grounding of Boeing 787 Dreamliners amid battery safety concerns, a spokesman said early on Thursday.

India's airline regulator will decide on whether or not to ground national carrier Air India's Boeing Co Dreamliner jets after the U.S. company submits a report on the aircraft's safety, the regulator's head said on Wednesday.

Germany's Deutsche Post is not interested bidding for TNT Express after UPS said it was dropping its 5.2 billion euro bid for the Dutch delivery firm, its finance chief said.

Spain's Santander has received Chinese regulatory approval to operate as an independent car financing company, one of the first foreign banks to get a car finance license in the world's largest auto market.

The recent safety issues with the new Boeing Co 787 passenger jet were not caused by outsourcing production or by ramping up production too quickly, the head of Boeing's commercial airplane unit said on Friday.

U.S. aviation regulators will launch a comprehensive review of the Boeing 787 airplane, with a special focus on its electrical systems, following a series of recent safety incidents, the new head of the Federal Aviation Administration said on Friday.

General Motors Co will open a third U.S. information technology center as part of its plan to bring that work in-house and improve the automaker's efficiency and productivity.

Boeing Co said it will cut a little more than 40 percent of jobs, or 160 positions, at its El Paso plant as it looks to reduce the impact of planned U.S. defense budget cuts.

Ford Motor Co doubled its quarterly dividend to 10 cents per share, its highest in seven years, on the back of strong sales in North America and a healthy balance sheet.

Volkswagen said on Wednesday it was seeking to conclude a domination and profit and loss transfer agreement with MAN SE , which would give it full strategic and financial control over the truck maker.

The minority owner of Chrysler Group LLC on Wednesday pushed the U.S. automaker to take the first step toward becoming a public company again by demanding that Chrysler register shares with U.S. regulators.

Volkswagen is looking to end its commercial vehicles partnership with Daimler , as VW seeks closer ties with truck subsidiary MAN , a person familiar with the plans said.

General Motors Co , the largest U.S. automaker, is dropping its "Chevy Runs Deep" marketing campaign in favor of a tagline that GM officials said would better resonate with consumers outside the United States.