TFN NEWS BRIEFING: Aerospace and transportation highlights to 15:40 BST |
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Published
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Sun, 27 May 2007 15:57
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2007-05-27 15:20:34MAN to get 370 mln eur settlement in suit against DaimlerChrysler's FreightlinerFRANKFURT (Thomson Financial) - MAN AG said it will receive 370 mln eur as asettlement from DaimlerChrysler AG's US truck unit Freightliner Group to end aUS suit alleging accounting fraud at truckmaker ERF, which MAN acquired in 2000from Western Star.2007-05-27 14:58:07DaimlerChrysler to open services center in Berlin instead of Prague - reportFRANKFURT (Thomson Financial) - DaimlerChrysler AG has scrapped plans tobundle some of its data processing operations at a new center in Prague, givingin to pressure from its works council not to move jobs outside of Germany toreduce costs, Sueddeutsche Zeitung reported, without saying where it got theinformation.2007-05-27 14:57:15China suspends new maglev train project due to health concerns - XinhuaBEIJING (AFX) - China has suspended the planned construction of a high-speedmagnetic levitation train linking the eastern cities of Shanghai and Hangzhoudue to health concerns, the official Xinhua news agency has reported.2007-05-27 14:36:08DaimlerChrysler plans 750 voluntary redundancies at Untertuerkheim plant -reportFRANKFURT (Thomson Financial) - DaimlerChrysler AG is targeting up to 750voluntary redundancies at its plant in Untertuerkheim, Germany by offeringworkers severance packages, Stuttgarter Nachrichten reported yesterday, citingthe company's works council.
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Transportation activity down in February 