COMPANIES

GM to close Opel's Antwerp plant: sources

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U.S. carmaker General Motors will close its Opel plant in the Belgian port city of Antwerp, sources said on Wednesday, slamming the door on hopes to save the jobs of the site's 2,300 staff.

Japan changes auto program after U.S. objects

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Japan has changed its auto replacement incentive program to give U.S. cars more chance to qualify after the United States complained its automakers were shut out, the Japanese government said on Tuesday.
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Volkswagen eyes new China plant to make Seat: report

Top European carmaker Volkswagen plans to build its fifth plant in China along with its Chinese partner, with an initial annual production capacity of at least 200,000 units, the 21th Century Business Herald said on Wednesday.
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GM to close Opel's Antwerp plant

U.S. carmaker General Motors GM.UL will close its Opel plant in the Belgian port city of Antwerp, sources said on Wednesday, slamming the door on hopes to save the jobs of the site's 2,300 staff.
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BA cabin crew rules out Easter strike

British Airways cabin crew have decided not to strike over the Easter holiday period, even if staff do decide to walk out, a Unite spokesman told Reuters on Wednesday.
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Spain power demand recovery seen in 3 to 4 years

Spanish demand for power will likely take three to four years to recover to pre-crisis levels, but that will allow investment to switch from generation to distribution, an industry spokesman said on Tuesday.
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Chrysler to recall 24,177 vehicles on brake issue

Chrysler Group LLC will recall 24,177 vehicles due to a potential defect in a brake system that could result in sudden brake failure, the automaker said in a filing with the National Highway Traffic Safety Administration.
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Japan's cash for clunkers plan to include U.S. cars

Japan's Trade Ministry changed the terms of its car scrappage incentive scheme on Tuesday to include vehicles imported from the United States, after complaints from Washington that U.S. vehicles were being excluded.
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AB InBev to resume talks to end Belgian blockade

Anheuser-Busch InBev, the world's largest brewer, said on Monday it would resume talks with trade unions on Tuesday to end a blockade at its Belgian breweries, aiming to resolve a dispute over job cuts.
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Exeter plans spin-out of Cerro Moro asset

Canadian precious metals exploration company Exeter Resource Corp said on Tuesday its board has approved a plan to spin out its Cerro Moro gold-silver project in Argentina into a new company.
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Genii still optimistic on Saab in final stretch

Investment firm Genii Capital said liquidators had yet to start removing vital assets from Swedish carmaker Saab's facilities, and said it remained upbeat about its chances of buying the loss-making firm from General Motors.
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JAL files for bankruptcy

Japan Airlines Corp filed for bankruptcy protection on Tuesday, owing more than $25 billion, and vowed to slash 15,700 jobs and unprofitable routes as it tries to survive volatile fuel costs and fickle flyers.
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Global Air Alliances in Flux as JAL Nears Bankruptcy

As Japan Airlines nears a likely bankruptcy, two of the largest global airline alliances could see a shift of JAL from the OneWorld Alliance, which includes American Airlines, to the SkyTeam alliance, which is headed by Delta Airlines and Air France-KLM Group.
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Toyota to double hybrid output in 2011: report

Toyota Motor Corp aims to double its global output of gas-electric hybrid cars to 1 million units in 2011, as it fights to stay in the lead in the growing market for low-emission cars, the Nikkei business reported on Monday.
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Controlling oil sands pace a risky move for Alberta

Alberta's new energy minister would face more flak from the very oil industry he is trying to mend fences with if he tried to regulate the pace of development in the Canadian province's vast oil sands, analysts said on Friday.
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Cash-healthy Camco faces carbon offset shortfall

UK-based carbon offset aggregator Camco International Ltd grew its cash balance to 28 million euros ($40.3 million), the firm said in a trading update on Monday, but faces a steep climb to reach its 2012 offset inventory goal.
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BA cabin crew strike ballot to start on January 25

The Unite union will open a strike ballot for BA cabin crew on January 25 after talks with the airline failed to secure a deal on changes to working conditions, potentially prolonging the winter of travel chaos.
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Cadbury up on possible higher Kraft bid

Cadbury shares edged upwards on Monday in anticipation of a higher bid from Kraft Foods, while one major shareholder, Standard Life, said Kraft needed to bid over 900 pence to get its support.
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French president pressures Renault, gets no pledge

President Nicolas Sarkozy grilled top managers of carmaker Renault on Saturday but failed to win pledges from them to center production of their new small car at a factory in France rather than in Turkey.
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UK hopes to profit from bank rescue

The British government still hopes to make a profit from its multi-billion-pound rescue of major British banks during the financial crisis, Prime Minister Gordon Brown said on Saturday.
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GM to pay Girsky $900,000 year for advising CEO

General Motors Co disclosed on Friday that director Stephen Girsky is receiving compensation worth $900,000 per year plus expenses to act as a special adviser to Chairman and Chief Executive Ed Whitacre.
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Tata Consultancy Q3 beats forecast, sees recovery

Tata Consultancy Services glided past street estimates with a 33 percent rise in quarterly profit as demand for outsourcing surged and prices stabilised, fuelling hopes of recovery in the showpiece sector.

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