United Airlines launched a management overhaul at Colombia's Avianca Holdings on Friday, removing top shareholder German Efromovich from controlling the cash-strapped airline, according to regulatory filings.
SAO PAULO Boeing Co on Thursday said that after taking over Brazilian planemaker Embraer SA's passenger jet unit, it will call the division Boeing Brasil - Commercial, dropping one of Brazil's most iconic company names.
SAO PAULO Volkswagen AG truck brand Scania said on Tuesday it will invest 1.4 billion reais ($344.14 million) to modernize its Brazilian factory in Sao Bernardo do Campo, an industrial city near Sao Paulo.
SAO PAULO U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according to a legal document seen by Reuters.
SAO PAULO Embraer SA reported a $42.5 million loss for the first quarter on Wednesday, its fifth straight quarter of losses, as revenue fell amid fewer plane deliveries and as the Brazilian planemaker spent heavily ahead of a deal with Boeing Co.
SAO PAULO Brazilian airline Azul SA on Monday made a new attempt to purchase some of bankrupt airline Avianca Brasil's most coveted routes, offering $145 million and reversing a decision not to participate.
BRASILIA/SAO PAULO, May 13 The founder of
Brazilian automaker CAOA said on Monday he is negotiating with
Chinese business executives to make a joint acquisition of a
Ford Motor Co plant near Sao Paulo.
SAO PAULO, May 8 Brazilian steelmaker Companhia
Siderurgica Nacional said on Thursday it is still in
talks for a $500 million iron ore streaming deal and is close to
reaching an agreement to sell its German unit.
SAO PAULO, May 7 Automakers in Brazil warned on
Tuesday of the threat from cheap imported cars from Mexico, as
the end of a cap on bilateral trade in the sector presents a new
challenge to the dominance of local manufacturing in Latin
America's largest auto market.
SAO PAULO A Brazilian appeals court on Monday suspended a bankruptcy auction set for Tuesday, in which struggling carrier Avianca Brasil hoped to raise at least $140 million by selling some of its coveted airport takeoff and landing rights, known as slots.