Chevron Corporation’s indirect, wholly-owned subsidiary, Chevron Canada Limited, has reached an agreement to sell a 30% interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Company’s wholly-owned subsidiary, KUFPEC Canada Inc., for $1.5 billion.
Category Archives: General Talk
Aston Martin sees small recovery as 2013 loss shrinks by a third
Aston Martin’s pretax loss fell by a third in 2013 on the back of rising sales as the sports car maker said it had seen a small rebound in demand for high-end autos.
The company posted a pretax loss of £25.4 million (32.3 million euros) for 2013, down a third from the year earlier, on revenue up 13 percent to £519 million.
Bugatti shielded from VW cost reductions as it works on Veyron successor
Volkswagen keeps lavishing money on supercar maker Bugatti, its most exclusive brand, even as the German group plans painful cuts in its core auto business.
Bugatti is working “very intensively” on a successor to the Veyron, CEO Wolfgang Duerheimer said in an interview at the Paris auto show.
Maserati sees global sales topping 35,000 this year
Maserati expects to sell more than 35,000 cars this year to put it well on its way to meeting a 50,000 sales target in 2015, subject to the availability of a new SUV due next year, the brand’s CEO, Harold Wester, said.
Paris Motor Show a photo journey
Once again in 2014, there is no shortage of premieres at the Paris Motor Show. These new vehicles stand out from the rest as some of the most highly anticipated, the most surprising or the most spectacular — or sometimes all three. Don’t miss this opportunity to see what the Paris Motor Show has to offer!
