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Ssangyong to start production in China

  BLOOMBERG Ssangyong Motor Co., the South Korean SUV maker, is exploring a joint venture in China with Shaanxi Automobile Group Co. to produce vehicles in the world’s largest auto market. Ssangyong signed a letter of intent with Xi’an-based Shaanxi Auto to study a possible joint venture and local production plant, the Pyeongtaek, South Korea-based automaker said in a statement. ...

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Takata slumps as bankruptcy weighs with law firm

  Bloomberg Takata Corp. fell the most in three weeks in Tokyo trading after it was said to be considering bankruptcy protection in the U.S. The air-bag maker said no decision has been made. Takata dropped 7.5 percent to 347 yen, while the benchmark Topix Index advanced 0.4 percent. The Tokyo-based company, whose defective air-bag inflators triggered the biggest recall ...

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1.4mn need aid in Haiti after Matthew havoc

  Port-au-Prince / AFP Haiti faces a humanitarian crisis that requires a ‘massive response’ from the international community, the United Nations chief said, with at least 1.4 million people needing emergency aid following last week’s battering by Hurricane Matthew. The storm left at least 372 dead in the impoverished Caribbean nation, with the toll likely to rise sharply as rescue ...

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