Bids Sought on Two Mexican Carriers
The Mexican government's airline holding company, Cintra, started seeking bidders for the country's two biggest airlines. Potential buyers have until July 26 to express interest in purchasing AeroMexico or Mexicana. The carriers will be sold separately, although investors are allowed to submit bids for both.
Russia, Kazakhstan to Develop Oil Field
Russia and Kazakhstan signed a $23 billion production-sharing agreement to develop one of the Central Asian nation's largest oil and gas fields.
The deal envisages equal investments in the Kurmangazy field, located offshore in the Caspian Sea, with an estimated 980 million tons of known oil and gas reserves, said Baktykozha Izmukhambetov, Kazakhstan's first deputy energy minister. Extraction of the oil and gas could begin in a decade.
Prosecutors Expand DaimlerChrysler Probe
An investigation of alleged irregularities at DaimlerChrysler's German sales division has expanded to cover 17 people, prosecutors said. The company said it completed an internal investigation.
Officials have said the investigation involved former employees of the sales and construction divisions, and that it concerned building work on private properties from 2001 to 2003.
GM Says Sales in China Are Picking Up
General Motors said its sales in China jumped 18.9 percent in the first half of this year, to a record 308,722 vehicles. GM said it expects sales to pick up further in the second half of the year with the launch of new models, including Cadillacs and Buicks aimed at wealthy buyers.
Toyota Aims to Sell 20,000 Priuses in Europe
Toyota is looking to more than double European sales of its Prius gasoline-electric car hybrid to 20,000 this year, up from 8,200 last year. The company also plans to sell as many as 5,000 Lexus RX 400h hybrid sport-utility vehicles this year in Europe.
Compiled from staff and news service reports.