Airbus Breaks Ground on US Plant
Mobile -- Hoping it will help carve a greater share in the US market for the European aircraft maker, Airbus broke ground Monday on its first US assembly plant in Mobile, Alabama.
"It represents the real transformation of Airbus into a truly global company," chief executive Fabrice Bregier said at a ceremony to mark the launch of construction.
"We'll be manufacturing aircraft in Asia, in America, in Europe," he said. "Thanks to Mobile, the sun will never set on Airbus."
GM Holden Cuts 500 Jobs in Australia
The company said the cuts were 'due primarily to a reduction in demand for the locally made Cruze small car led by a high Australian dollar, combined with one of the most open and competitive car markets in the world.'
HP Chairman Lane Quits
The news comes with HP in the middle of a massive shift in strategy as consumers gravitate from traditional PCs to mobile devices, including tablets.
India-France Giant Fighter Jet Deal Stalled
India's negotiations with France's Dassault Aviation on a $12-billion deal for Rafale fighter jets have stalled due to disagreements over the production of the planes in India.