China’s state-owned carmaker Brilliance Auto Group Holdings Co. Ltd., which rattled the country’s bond market last year with a high-profile default, faces a pile of lawsuits claiming unpaid debts totaling almost 3 billion yuan ($457 million), as the company struggles with a restructuring.
The move came after the ailing company de facto failed to sign an investment contract with U.S. car retailer HAAH Automotive, its latest negotiating partner, leaving the KDB with no other choice but to reach an agreement with the court over the legal procedure.
SK hynix Inc., South Korea’s second-largest chipmaker, is in talks with German auto parts giant Robert Bosch GmbH over a long-term supply of automotive memory semiconductors, industry sources said Wednesday.
Court-led restructuring for SsangYong Motor Co. is widely expected to begin this week as the sole potential investor didn’t submit a letter of intent (LOI) to acquire the financially troubled carmaker, industry sources said Wednesday.
Jilin Province enjoys bustling trade with the 10-member Association of Southeast Asian Nations (ASEAN) and four other Asia-Pacific economies, all of whom signed the Regional Comprehensive Economic Partnership (RCEP) agreement together with China last year, creating the largest free trade bloc in the world.
In recent years, brain drain has become a very topical issue in Slovakia, exemplified mainly through students who leave Slovakia to study abroad.
The economy of the Republic of Moldova was heavily affected by the global and local crises in 2020.
LG has given up trying to sell its money-losing smartphone business and decided to dismantle instead.
The retail sale of automotive fuel in specialised stores decreased by 7.5%.
Former Russian Government Official Denis Sverdlov Scores $10Bln With Electric Vehicle Startup – The Moscow Times
Denis Sverdlov emerged as the latest Russian tech billionaire last month, following the stock market launch of his hotly-tipped startup Arrival — an electric vehicle maker hoping to revolutionize the industry.