ARTICLES RELATING TO INDUSTRIAL

WATCH: Nissan pins revival hopes on surprise CEO choice

2019-10-09 21:05

Nissan has named Makoto Uchida as its next chief executive, picking a relative outsider to take the helm of a company shaken by recent turmoil.

Shell takes 20% stake in Indian solar firm in push to improve electricity access

2019-10-04 19:39

A Royal Dutch Shell division has taken a 20% stake in Indian solar firm Orb Energy as part of a drive to deliver a reliable source of electricity to 100 million people in the developing world by 2030.

Denel still bleeding, but auditors say it's a going concern

2019-10-03 15:13

Denel's bad reputation had a "draining impact" on its financial position, as the arms manufacturer recorded a net loss of R1.5bn, said CEO Danie du Toit.

WATCH: British Airways owner IAG warns of profit hit from strikes

2019-09-27 14:57

British Airways owner IAG warned on Thursday full-year operating pretax profit will be €215m lower than last year, after major pilot strikes grounded thousands of flights.

Continental to cut 20 000 jobs, close factories in decade-long overhaul

2019-09-25 21:43

Continental has mapped out a sweeping restructuring plan set to last a decade that will affect as many as 20 000 jobs worldwide, part of the German manufacturer’s effort to restore profits while enduring sluggish vehicle production in key markets.

Sasol said to plan sale of its SA coal mining unit

2019-09-18 14:44

The mining business had turnover of R20bn in the 2018 financial year.

AB InBev to seek up to $4.85bn in Asian unit IPO

2019-09-17 13:52

Anheuser-Busch InBev is reviving the Hong Kong initial public offering of its Asian unit and is set to raise as much as $4.8bn, roughly half of an earlier target.

BP CEO says he’ll sell oil projects to meet climate targets

2019-09-12 18:24

BP’s CEO plans to sell some oil projects and curb the development of others to align its business with the Paris accord, the latest sign climate concerns are starting to impact the investment decisions of the world’s largest fossil fuel producers.

Ports, rail forum to look at Africa free trade opportunities

2019-09-10 15:29

The African Ports and Rail Evolution Forum will take place in October at the Durban International Convention Centre.

ExxonMobil to divest Norwegian assets for $4.2bn: report

2019-09-06 20:04

US energy giant ExxonMobil will sell its assets in Norway to Norwegian company Var Energi, owned by Italian Eni, for $4.2bn, newspaper Dagens Naeringsliv reported.

 

Fleet of Boeing 737 Max to be parked in the middle of Australia

2019-10-04 19:41

Australia has given clearance for Singapore Airlines’ SilkAir to store its six Boeing 737 Max aircraft in the country, as the global grounding of the jet continues following two deadly crashes within the past 12 months.

Volkswagen’s truck unit to pour R33bn into electric vehicles, software

2019-10-03 21:28

Volkswagen’s Traton truck division plans to spend more than $2.2bn over the next five years on electric vehicles and digital offerings in a bid to keep pace with the industry’s “radical” transformation.

One of SA’s biggest steel pipe producers closes its doors as Eskom, Chinese imports bite

2019-10-02 11:01

Government dithering also may have contributed to its demise.

WATCH: First commercial flights from Beijing's new $63bn airport take off

2019-09-27 11:25

The first commercial flights from Beijing's new Daxing International airport has taken off - an airport that cost $63bn to build, is roughly the size of 100 football fields and is expected to become one of the world's busiest.

Taking away incentives will hit SA auto sector hard, industry body warns

2019-09-18 19:34

The National Association of Automobile Manufacturers of South Africa has raised concerns that reducing rebates on excise duties will negatively impact the competitiveness of the auto industry.

Boeing sees R43trn China splurge on jets and services

2019-09-18 09:21

China will need to spend $2.9trn on new aircraft and ground services over the next two decades, according to Boeing, which continues to pin hopes on the world’s second-largest economy as its trade dispute with the US rolls on.

VW in $9bn software revamp as tech shift expands

2019-09-16 22:00

Volkswagen is bundling its software operations with an investment plan of about $9bn over the next three to five years, another step in the electric and connected-car shift that’s heralding massive change across the entire industry.

WATCH: Financial irregularities force new Nissan boss to step down

2019-09-10 15:50

Nissan's embattled chief executive Hiroto Saikawa will step down on September 16 and will be temporarily replaced by chief operating officer Yasuhiro Yamauchi, the automaker's board chairperson has said.

WATCH: Most British Airways flights cancelled as pilots begin two-day pay strike

2019-09-09 11:12

British Airways flights were crippled as pilots launched a 48-hour strike in a dispute over pay. Members of the British Airline Pilots Association are taking their first ever industrial action against the airline.

WATCH: Nissan CEO, execs were overpaid: source

2019-09-05 21:03

Nissan Motor was embroiled in another scandal over executive pay on Thursday after Chief Executive Hiroto Saikawa admitted to being overpaid in violation of an internal scheme.

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