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China's Shandong Airlines orders 50 Boeing 737s worth $4.6 bn

China's Shandong Airlines said it has agreed to buy 50 737 passenger airplanes worth $4.6 billion from US manufacturer Boeing. The company "signed an agreement with Boeing on April 21 to purchase 50 Boeing 737 planes", it said in a statement dated Monday. The order includes the purchase of 16 Boeing 737-800s and 34 Boeing 737MAX models, the statement said, adding that the base price of the total order was about $4.6 billion. Shandong Airlines, based in eastern China, will receive the aircraft in batches between 2016 and 2020, the statement said.

China's Shandong Airlines orders 50 Boeing 737s worth $4.6 bn

China's Shandong Airlines said it has agreed to buy 50 737 passenger airplanes worth $4.6 billion from US manufacturer Boeing. Shandong "signed an agreement with Boeing on April 21 to purchase 50 Boeing 737 planes", it said in a statement dated Monday. The planes include 16 737-800s and 34 737MAX models, the statement said, adding that the base price of the planes was $4.6 billion. tjh/cdh/dan

PG&E pleads not guilty to federal charges in deadly California blast

By Laila Kearney SAN FRANCISCO (Reuters) - Pacific Gas and Electric Co pleaded not guilty on Monday to federal charges stemming from a natural gas pipeline explosion in California that killed eight people and injured 58 others in 2010, according to court filings. The utility was indicted by a federal grand jury on April 1 and charged with 12 felony counts of violating safety regulations leading up to the deadly blast in San Bruno, a city of about 41,000 just south of San Francisco, according to the indictment.

Ford to name Fields as CEO soon, replacing Mulally: source

By Ben Klayman DETROIT (Reuters) - Ford Motor Co <F.N> will soon name Chief Operating Officer Mark Fields as successor to Chief Executive Alan Mulally, a person familiar with the plans said on Monday. Mulally, the 68-year-old executive credited with reviving Ford's fortunes since taking its helm in 2006, will step down before the end of the year, said the person, who asked not to be identified discussing the company's plans. Fields, 53, was named COO in December 2012 and has been seen as Mulally's successor.

Ford to replace CEO Mulally in 2014

Alan Mulally will likely retire and be replaced as CEO of Ford Motor by chief operating officer Mark Fields by the end of 2014, the Wall Street Journal reported Monday. Fields could stake over the chief executive position as soon as May 1, according to some media reports. A Ford spokeswoman would not comment on the reports, only saying that "Nothing has changed from the previous announcement."

NHTSA closes four-year probe of Ion steering issues after GM recall

DETROIT (Reuters) - U.S. safety regulators closed a four-year probe into power steering problems in almost 335,000 older Saturn Ions after General Motors Co recalled the cars, which are also part of an unrelated recall of defective ignition switches linked to at least 13 deaths.

20 hurt as car crashes into Florida church

A runaway car plowed into a Florida church, smashing through a wall and injuring around 20 worshippers attending Easter services, police said on Monday. About 20 people were hurt when the Lexus sedan crashed into the Second Haitian Baptist Church in the city of Fort Myers where some 200 people had gathered for an evening service Easter Sunday. "The vehicle crashed through the wall driving over several occupied pews," a police department statement said.

Malaysia Airlines jet in emergency landing after tyre bursts

A Malaysia Airlines plane with 166 people aboard was forced to make an emergency landing in Kuala Lumpur early Monday in another blow to the flag-carrier's safety image after the loss of flight MH370. Flight MH192, bound for Bangalore in India, turned back to Kuala Lumpur shortly after it was discovered that a tyre had burst on take-off, the airline said. "As safety is of utmost priority to Malaysia Airlines, the aircraft was required to turn back to KLIA (Kuala Lumpur International Airport)," the airline said in a statement.

Automakers in China eager to sell - and resell

China's car market is just gearing up as the world's largest, yet automakers are already eyeing the next big thing -- the market for reselling them. Their eagerness to attract buyers in the world's largest car market is on full display at the Beijing International Automotive Exhibition, which opened to the public on Monday with more than 1,000 vehicles on show.

Luxury and large cars claim China auto show spotlight

Factfile on new and concept cars at the Beijing auto show, which opened to the public Monday and spotlighted sport utility vehicles (SUVs), luxury cars and large sedans: SPORT UTILITY VEHICLES - Mercedes-Benz of Germany's Daimler presented a Coupe SUV concept, aimed at competing with BMW's X6, which was the first to combine the utility of an SUV and the attractiveness of a coupe, with great success.
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