Volvo Trucks "Winning" Global Market Share on Order Upswing

Volvo Trucks is said to be "winning" global market share as it continues to see an upswing in orders around the world, reports Reuters. The president and chief executive of the truck-maker Staffan Jufors told Dagens Industri in an interview "We have cooperation in the business where we inform each other about order intake and our order figures show that we are winning market share."

China's M&A Activity Likely Hit New Record This Year

Mergers and acquisitions by China have surged to a likely record so far this year as the country's economy grew strongly and it continued a quest for energy and manufacturing know-how.

The volume of China outbound M&A hit $28.4 billion this year through May 24, according to Thomson Reuters data. That's up from $5.8 billion during the same period last year. It's the highest level since Thomson Reuters started compiling such data in 2000 and likely a record.

China's FAW Haima to Invest in Turkey's İzmir City for Future Manufacturing

FAW Haima Automobile, a Chinese automaker producing passenger cars and commercial vehicles, is planning to invest in Turkey's western city of İzmir.

"Investing in new locations paves the way for development," said Qin Quanquan, general director of FAW Haima, speaking during a ceremony held by the İzmir Chamber of Commerce, or İZTO, on Wednesday. FAW Haima may provide employment for up to 5,000 people, in case of a large-scale investment, Quanquan said.

European Commission Wants CO2 Limits for Heavy Trucks

Efforts to reduce climate emissions from road freight transport were moved a step closer last month when the European Commission suggested the introduction of carbon dioxide emissions standards for the first time.

The idea has been floated in a communication on clean and energy-efficient vehicles, which concentrates mainly on setting a framework for the development of electric cars.