Transportation News
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Renesas Electronics Corp., the world’s biggest maker of automotive microcontrollers, plans to raise 100 billion yen ($1.3 billion) of capital and eliminate more than 10,000 jobs, according to the latest draft of a restructuring plan, a person briefed on the matter said.
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Space Exploration Technologies Corp. docked its cargo ship at the International Space Station, marking a new era in for-profit spaceflight.
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Qantas Airways Ltd., seeking to turn around losses on international flights, is looking at getting separate licenses for its international and domestic businesses amid interest from Emirates Airline in an enhanced tie-up between the carriers.
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Shanghai Automotive Industry Corp. said it has approved selling back to General Motors Co. 1 percent ownership in their joint venture for $91.4 million.
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