Transportation

Airbus warned the airline industry of risks related to lithium batteries almost a year before two safety incidents grounded 787 Dreamliners built by its chief rival Boeing , according to a presentation seen by Reuters.

The world's largest bulk shipper, China COSCO Holdings Co Ltd , faces the risk of delisting for its Shanghai shares if it fails to turn around in 2013, after having warned of a second straight year of losses.

General Motors Co averted a looming strike in Brazil by delaying the layoff of as many as 750 workers until the end of the year and vowing to invest about 500 million reais ($246 million) at its Sao Jose dos Campos facility.

Further testing still has not found the cause of a battery fire aboard a Boeing Co 787 Dreamliner in Boston earlier this month, the National Transportation Safety Board said on Sunday.

US Airways Group Inc and American Airlines parent AMR Corp are in the final stages of negotiating a merger, with valuation and management structure being the two major sticking points left to resolve, four people familiar with the matter said.

General Motors and alliance partner PSA Peugeot Citroen will build all three planned joint vehicle programs on the French automaker's technological platforms, the companies said on Thursday.

General Motors and PSA Peugeot Citroen outlined plans to collaborate on a new range of small cars and minivans based on the French company's technology in order to spread development costs across more brands and models.

General Motors Co is counting on the new Encore small crossover vehicle to bring more new customers to its premium Buick brand.

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.