Nissan Raises China Production Target

Nissan (NSANY) raised its production target for China, the world’s largest auto market.

The Japanese automaker raised its production target to 1.2 million units in 2012, from a previous target of 1 million, BBC News reported. The company currently produces 670,000 units a year in China.

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Nissan is now the top-selling Japanese automaker in China, having overtaken Toyota. The company…

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Nissan Raises China Production Target originally appeared on DailyFinance on Mon, 20 Sep 2010 08:49:00.

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Spirit Airlines Files for $300 Million IPO

Spirit

Spirit Airlines filed plans for an IPO worth as much as $300 million.

The airline, which offers low-cost travel to and from South Florida, the Caribbean and Latin America, would retain about half of the proceeds of the IPO and use most of the rest to pay down debt, The Wall Street Journal said.

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Spirit has remained profitable in each of the last three full years even as other…

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Spirit Airlines Files for $300 Million IPO originally appeared on DailyFinance on Mon, 20 Sep 2010 07:58:00.

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Local Food Movement Gives Small Farms a Big Boost

The locavore, or local food, movement is gaining momentum, driven in part by increasing awareness about the importance of quality food. Nationwide, small, local farms have tapped into a growing market by selling meat and produc…

BP Relief Well Reaches Macondo Well

BP’s (BP) relief well reached intercepted the Macondo well, putting engineers in a position to permanently plug the well that spewed out millions of barrels of oil into the Gulf of Mexico. The relief well intercepted the Macond…

Toyota May Supply Daimler with Hybrid Technology

Toyota is allegedly in talks to supply technology and key components for hybrid vehicles to Germany’s Daimler, according to a report Thursday in the Nikkei Business Daily newspaper. If a deal is made, Daimler would become fourt…