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China, US car sales lift GM, Ford 2Q profits

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STRONG SALES OF cars in China and North America lifted Ford and GM profits to US$1.2bn in 2Q 2013, offsetting continued weakness in Europe for both US carmakers.  In GM’s case, its China car sales hit new records for the month of June and for the 1st half of the year to end-June. Ford sales […]

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Economy hotel chain delists, privatises

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CHINESE BUDGET HOTEL chain 7 Days Group has decided to delist from the New York stock exchange (listed since 2009) and privatise itself under the ownership of the newly formed Plateno Hotels Group.  At the lower end of the market, 7 Days Inns compete with economy brands such as Home Inns and Jinjiang Inns.   […]

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