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Tatung chairman expects to report profit this year taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
AIDC and TAV team up to enter electric bus market Staff writer, with CNA A domestic aerospace company and train car manufacturer have teamed up to explore the electric bus market, and expect to unveil a new lightweight model seven months from now that they hope to market overseas. Aerospace Industrial Development Corp (AIDC, 漢翔航空), a maker of military and civil aviation products, said in a statement yesterday that AIDC chairman Hu Kai-hung (胡開宏) had signed a strategic alliance memorandum of understanding with Tangeng Advanced Vehicles Co (TAV, 唐榮車輛) chairman Jonathan Ho (何義純). TAV is Taiwan’s biggest maker of passenger and freight cars for railways, as well as commercial vehicles, such as buses and trucks. ....
Tatung and Tangeng ink deal over electric vehicles By Lisa Wang / Staff reporter Tatung Co (大同) yesterday signed a supply contract with Tangeng Advanced Vehicles Co (唐榮車輛), paving the way for the firms to deepen their partnership as they seek a share of the global electric vehicle market. Tatung is to supply 100 high-efficiency power systems for electric buses to Tangeng, Tatung said in a statement. The power systems include motors and driving components, it said. From left, Tangeng Advanced Vehicles Co chairman Jonathan Ho, Tatung Co chairman Lu Ming-kuang and Tatung executive vice president Tai Feng-shu attend a news conference in Taipei yesterday. ....
EDITORIAL: No lenience on Chinese investment Fubon Financial Holding Co on Friday last week said it would extend its tender offer for Jih Sun Financial Holding Co by 50 days until March 23, as the company’s hostile takeover of its smaller rival has not yet gained approval from the Fair Trade Commission. The initial offer of NT$13 per share, announced on Dec. 18 last year, surprised the domestic financial sector, and was on Jan. 5 criticized by Jih Sun as too low. Fubon’s bid has also raised questions from lawmakers and market watchers as to whether one of Jih Sun’s major shareholders has links to a Chinese investment entity, and if Fubon aims to help the rumored Chinese investor dispose of his stake in Jih Sun for cash. Government agencies, including the Financial Supervisory Commission (FSC), the Investment Commission and the Mainland Affairs Council, have reportedly launched probes into whether Chinese investors are involved. ....
Tatung appoints new chairman - Taipei Times taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.