Tue05302017

LAST_UPDATEMon, 29 May 2017 11pm

GM Is Latest Automaker Accused Of Diesel Emissions Cheating

A civil lawsuit filed in federal court in Michigan on Thursday claims the diesel versions of the Chevrolet Silverado and GMC Sierra pickups produce higher levels of nitrous oxide when they are being driven than during tests. The suit says 700,000 of the trucks are on U.S. roads.

Read more: GM Is Latest Automaker Accused Of Diesel Emissions Cheating

Malaysia Airlines Records 12.9 Pct Increase In Passenger Load In Q1

KUALA LUMPUR - Malaysia Airlines passenger bookings continued to accelerate in the first quarter this year, up 12.9 per cent, year-on-year to 3.57 million passengers, despite the challenging environment due to higher fuel prices and adverse foreign exchange.

Read more: Malaysia Airlines Records 12.9 Pct Increase In Passenger Load In Q1

Sustainable Balance In Oil Demand & Supply Mechanism Leads To Optimal Market Price - Rahman Dahlan

Filepic: BernamaKUALA LUMPUR: A more stable and balanced global oil prices can be achieved by stimulating a sustainable balance in the demand and supply mechanism to achieve an optimal market price, said Minister in the Prime Minister's Department, Datuk Seri Abdul Rahman Dahlan today.

Read more: Sustainable Balance In Oil Demand & Supply Mechanism Leads To Optimal Market Price - Rahman Dahlan

DRB-Hicom To Continue Managing Proton Despite 49.9% Stake Sale

KUALA LUMPUR: The management of Proton will continue to be led and overseen by its parent company DRB-Hicom Bhd, despite the sale of 49.9% of its stake.

Read more: DRB-Hicom To Continue Managing Proton Despite 49.9% Stake Sale

Oil Drops After OPEC-Led Output Cut Extension Falls Below Expectations

Pic: ReutersSINGAPORE: Oil extended falls on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs.

Read more: Oil Drops After OPEC-Led Output Cut Extension Falls Below Expectations

New Ford CEO Relies On Veterans To Reboot Profits

Ford Motor Co (F.N) on Thursday reshuffled senior management and brought back a former executive from Uber Technologies Inc, signaling its new chief executive officer will rely on tested company veterans to turn Ford around rather than outside talent.

Read more: New Ford CEO Relies On Veterans To Reboot Profits

UMW Expects ‘Challenging Year Ahead’ For Auto Sales

SHAH ALAM: Although automotive sales in the first quarter “surpassed initial targets for the year”, UMW Holdings Bhd still expects a challenging year ahead.

Read more: UMW Expects ‘Challenging Year Ahead’ For Auto Sales

Public Investment Maintains 'Outperform' Call On Kossan

KUALA LUMPUR - Public Investment Bank has maintained its "outperform" rating on Kossan Rubber Industries Bhd with a target price of RM8.05 per share, following the announcement of its first-quarter results with higher sales volume.

Read more: Public Investment Maintains 'Outperform' Call On Kossan

Bursa Malaysia Opens Marginally Higher

KUALA LUMPUR: Bursa Malaysia opened marginally higher on the stronger ringgit coupled with steady oil prices after the Organisation of the Petroleum Exporting Countries decided to extend supply cut, dealers said.

Read more: Bursa Malaysia Opens Marginally Higher