Chinese premier Wen Jiabao was to visit Stockholm on 24 April to secure a handful of bilateral trade deals, including a major investment agreement with China-owned Swedish brand Volvo Cars, The Local reported.
Chinese premier Wen Jiabao was to visit Stockholm on 24 April to secure a handful of bilateral trade deals, including a major investment agreement with China-owned Swedish brand Volvo Cars, The Local reported.
The financial daily Dagens Industri (DI) said five trade deals were to be signed during Wen's visit to the Scandinavian country, in the automotive, telecom, railway, financial and environmental technology sectors.
Volkswagen is to invest around €14bn in a new factory in China, with an official announcement and contract signing last Monday, in the presence of Chancellor Angela Merkel and Chinese Premier Wen Jiabao, The Local reported on 18 April.
Volkswagen is to invest around €14bn in a new factory in China, with an official announcement and contract signing last Monday, in the presence of Chancellor Angela Merkel and Chinese Premier Wen Jiabao, The Local reported on 18 April.
The Handelsblatt reported last Wednesday that the €14bn would be invested over the next four years – to enable Volkswagen to meet increasing Chinese demand.
Loss-making General Motors unit Opel is considering the sale of its Eisenach plant in Germany where it manufactures the Corsa subcompact and was due to begin building the Junior later this year, it was reported on 29 March
Loss-making General Motors unit Opel is considering the sale of its Eisenach plant in Germany where it manufactures the Corsa subcompact and was due to begin building the Junior later this year, it was reported on 29 March. Business daily Handelsblatt cited a person familiar with the situation as saying it was conceivable that an investor for the plant could be sought. Opel would not comment on the report.
