Transportation

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.

For the first time in nearly two decades, GM's Chevrolet brand will be back in the business of selling rear-wheel-drive sedans in the United States.

The Pentagon's chief weapons buyer on Wednesday reassured industry executives and investors that there was still "a lot of money" to be made in the defense business, despite mounting budget pressures that will limit spending on new arms programs.

Sony Corp has been approached by at least three investment banks offering to sell its battery business as the struggling Japanese group looks to offload non-core assets and focus on reviving its consumer electronics business, banking sources said.

A Chinese company's attempt to take over government-backed battery maker A123 raises serious national security concerns, a bipartisan group of lawmakers said this week, adding to growing congressional opposition to the deal.

AutoRAI 2013, the Amsterdam auto show scheduled for next April, has been canceled, organizers said, citing lack of support from importers and suppliers in the face of the economic crisis in Europe.

General Motors Co. and its local partners, intensifying competition in China in the no-frills car market, on Sunday formally opened another plant for its low-cost Baojun brand.

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Labor leaders at the South Korean unit of General Motors are ratcheting up pressure on GM to reverse course and build its next-generation Chevrolet Cruze model in the country, over fears GM's plans to build it elsewhere will cost Korean jobs.

Boeing Co said on Thursday it settled on a "firm concept" for its new 737 MAX jet, and chose Honeywell International Inc and Rockwell Collins Inc to supply new systems for the new plane.