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Business 18 Nov 2010 | 12:00 AM

GM boosts stock offering size by more than 30%

NEW YORK: General Motors Co is boosting the size of its common stock offering by more than 30% to US$15.5bil, two people familiar with the matter said, potentially making its landmark initial public offering (IPO) the largest US offering ever.

Business 18 Nov 2010 | 12:00 AM

Record car sales likely next year

PETALING JAYA: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) managing director Datuk Aminar Rashid Salleh expects vehicle sales in Malaysia to hit a new high in 2011.

Business 15 Nov 2010 | 12:00 AM

Reasons to sit out GM's initial stock offering

DETROIT: General Motors executives are playing up three bright spots in the company's future as they try to persuade investors to buy GM stock: a better lineup of cars and trucks, potential for global growth and a new cost structure that enables the company to make money even when the economy dips.

Business 15 Nov 2010 | 12:00 AM

China to play role in General Motors IPO

DETROIT: Among the banks helping General Motors with its initial public stock offering next week are two identified by initials only: ICBC and CICC.

Business 15 Nov 2010 | 12:00 AM

Lessons from S. Korea on transforming from developing economy into high income economy

KAREN Lee is a part-time English translater with the South Korea Trade-Investment Promotion Agency (Kotra) in Seoul. Although still a university student, she handles herself with maturity and professionalism and is among a rising number of South Koreans proficient in English.

Business 13 Nov 2010 | 12:00 AM

Tan Chong to invest RM285mil in Sabah plant

KUALA LUMPUR: Tan Chong Motor Holdings Bhd yesterday announced it will invest RM285mil to build cars in Sabah after it received an approval letter from the International Trade and Industry Ministry for its application of a licence to manufacture and assemble luxury passenger vehicles and commercial vehicles.

World 12 Nov 2010 | 12:00 AM

Russia opens fraud case over Mercedes purchases

MOSCOW (Reuters) - Russian prosecutors said on Friday they had opened a criminal case into suspected fraud connected to purchases by state agencies of Mercedes-Benz cars from the Russian subsidiary of Germany's Daimler AG.

Community 12 Nov 2010 | 12:00 AM

40 drivers from Malaysia and Brunei vie for honours at Drag Battle 2010

THE Sarawak Drag Battle 2010 series held recently at the Sejingkat Industrial Park in Kuching attracted 40 racers, including those from Brunei Darussalam.

Business 12 Nov 2010 | 12:00 AM

Perodua expects to sell 190,000 units in 2011

PUCHONG: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) expects to sell 190,000 cars next year with the introduction of new ViVa variant - ViVa Elite Exclusive Edition - yesterday.

Business 12 Nov 2010 | 12:00 AM

Accenture roped in to improve Proton's resource planning

SUBANG JAYA: Proton Holdings Bhd has embarked on a 21-month process with Accenture, a global management consulting firm, to expand and improve its enterprise resource-planning system.