Sinopec to get $1.17 billion subsidy

Article Abstract:

China Petroleum & Chemical Corp. is to receive a one-time subsidy of $1.17 billion United States Dollars from the Chinese government as compensation for government controls that keep domestic oil prices below international levels. The petroleum giant is the largest oil refiner in Asia.

Government expenditures, Administration of General Economic Programs, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Petroleum refining, Grants to Business, Economic aspects, Petroleum industry, Company Profile, Subsidies, China Petroleum and Chemical Corp., Government finance

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DaimlerChrysler, Fiat sign truck-engine accord

Article Abstract:

Fiat S.p.A. and DaimlerChrysler AG have struck an agreement that will supply DaimlerChrysler's truck division with powertrain and engine technology from Fiat. Fiat will provide DaimlerChrysler with approximately 80,000 engines annually beginning in 2009.

Truck and bus bodies, Italy, Truck industry, Fiat S.p.A.

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DaimlerChrysler expands ties with China's Beijing Automotive

Article Abstract:

Beijing Automotive Industry Holding Co. and DaimlerChrysler AG have signed a 1 billion euros automobile deal. Under the deal, both firms will collaborate in the production of cars in China.

Germany, Automobiles, Automobile Manufacturing, Beijing Automotive Industry Holding Co.

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