BRIEF-S.F. Holding's unit plans to set up JV with UPS Parcel Delivery
* Says unit SF Holding Limited signs joint venture agreement and funding agreement with UPS Parcel Delivery Service Limited (UPS), Global Connect Holding Limited
TOYOTA, Japan, March 27 Toyota Motor Corp will start selling in 2015 the first vehicles built under its parts-sharing and platform framework, the company said on Wednesday, as rivals led by Volkswagen pursue similar strategies to cut costs.
The framework, called the Toyota New Global Architecture (TNGA), shares parts among vehicles using the same platform in order to save costs and manpower.
Initially, vehicles will share 20-30 percent of parts, a ratio Toyota wants to eventually expand to 70-80 percent, Executive Vice President Mitsuhisa Kato said.
"Global competition among automakers is becoming more severe, and TNGA is an effort to make more efficient and more attractive products," he told reporters.
Volkswagen recently began implementing its MQB platform, and almost all of the group's small and medium front-wheel-drive family models, including the VW Golf, are being designed around it. (Reporting by Yoko Kubota; editing by Miral Fahmy)
May 25 United Parcel Service Inc on Thursday announced plans to form a joint venture agreement with Chinese express delivery firm SF Holdings, laying the groundwork to expand shipping services from China to the United States.
May 26 Gold edged lower early Friday as the dollar steadied due to weakness in commodity currencies after an extension of output curbs by OPEC and other producing nations left investors hoping for bigger cuts disappointed. FUNDAMENTALS * Spot gold was down 0.2 percent at $1,253.10 per ounce by 0110 GMT. The yellow metal was poised to dip 0.1 percent for the week. * U.S. gold futures slipped 0.2 percent to $1,254.2 an ounce. * The