Bloomberg Stellantis NV plans to idle a Jeep-making factory in Belvidere, Illinois, citing challenges such as cost burdens due to the shift towards electrification of more models. The automaker said in a statement that the “difficult but necessary action,” effective Feb. 28, will result in layoffs of an unspecified number of workers, which will likely extend for more than …

  DHAHRAN / WAM The Saudi Arabian Oil Company (Aramco) and Shandong Energy group, are exploring collaboration on integrated refining and petrochemical opportunities in China. The companies have signed a memorandum of understanding (MoU) which includes a potential crude oil supply agreement and chemicals products offtake agreement, supporting Aramco’s role in building a thriving downstream sector in Shandong Province. The …

  Bloomberg China Eastern Airlines Corp became the first recipient of the Chinese-made C919 passenger jet, a milestone in the country’s aviation ambitions as it bids to compete with aircraft made by Airbus SE and Boeing Co. The single-aisle plane was delivered to China Eastern at Pudong International Airport in Shanghai and then made a short flight to the city’s …