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Business

South Korea to spend US$95bil on green projects

SEOUL: South Korea has outlined a plan to spend 114.1 trillion won (US$94.6bil) on a “New Deal” to create jobs and help the economy recover from the coronavirus fallout, anchored in part by “green” investment in electric vehicles and hydrogen cars.

Business

Tulsa versus Austin: Battle for next Tesla plant

NEW YORK: Tulsa, Oklahoma, is an oil-industry town with a 75-foot statue called “The Golden Driller.”

Business

Volkswagen-SAIC JV to revamp Shanghai plants to make Audi sedans

BEIJING: Volkswagen AG and its Chinese joint venture partner SAIC Motor plan to invest 4.13 billion yuan (US$590mil) to revamp their car plants in Shanghai to make new Audi sedans, according to a government document seen by Reuters.