INTERNATIONAL NEWS          

 

 

GM to sell hybrid cars in
ChinaBusiness Standard, 8 November 2006 

General Motors will begin selling hybrid cars in
China from 2008. This will make General Motors the latest multinational automotive company to plan the launch of alternative energy vehicles for the fast-growing Chinese market.The
US carmaker’s chief executive Rick Wagoner revealed on Monday that General Motors will build hybrid cars in collaboration with its local partner Shanghai Automotive Industry Corporation,Toyota began selling its Prius petrol-electric hybrid car in
China at the beginning of this year. Volkswagen has said that it will introduce its hybrid vehicles into
China by 2008, in time for the Beijing Olympics.Executives at the
US auto giant were not willing to reveal the initial numbers of hybrid cars they were to sell or the brand name it would use. They said that the early models in Chinese markets would be based on GM’s technology and would later be adapted for the Chinese customers at the joint venture research centre it operates with SAIC in
Shanghai. 

Morgan Stanley, Visa settle disputeBusiness Standard, 7 November 2006 

A long running anti-trust dispute, between the
US investment bank Morgan Stanley and Visa Europe is coming to an end. This may bring an end to a six –year competition probe by the European Commission into the credit card group. The refusal of visa to let Morgan Stanley join its card network was the reason of the dispute.                       Anyway, according to executives from both groups, Visa has agreed Morgan Stanley to become a member of its network, and the latter in return has withdrawn its formal anti-trust complaint to the commission.