China Eastern Airlines to acquire Shanghai Airlines
China Eastern Airlines has announced that they are now acquiring smaller rival airline company Shanghai Airlines.
The deal is worth around 7 billion Yuan and it would be conducted in an all-share deal.
Every share of Shanghai Airlines will be exchanged for 1.3 shares of China Eastern Airlines.
With [...]

Porsche Panamera launched in China
Porsche has entered into the Chinese luxury sedan market with the launch of their Panamera sedan.
This model was launched just before the start of the Shanghai auto show.
It shows how important China is becoming for the auto makers of the world.
This is incidentally the first time Porsche has entered [...]

Nissan Motor to skip 2010 North American International Auto Show
Japanese automaker Nissan Motor has announced that they would not be there at the 2010 North American International Auto Show.
The company has been avoiding these auto shows to cut costs in their operations due to the ongoing economic crisis.
They had skipped the same auto show earlier [...]