Magnus Carlander, 52, has been appointed new President of Volvo Information Technology. Carlander has been a member of Volvo IT’s management group since 1998 and his duties have included responsibility for the development of IT support for the Volvo Group’s administrative services.
Magnus Carlander will assume his new position in April this year in connection with […]

Japanese stocks fell, ending their worst week in a month, led by industrial stocks after machinery orders fell three times more than expected in December.
Sumitomo Heavy Industries Ltd., Japan’s largest maker of plastic injection-molding machines, dropped to the lowest in two years. Komatsu Ltd., the world’s second-biggest maker of earthmovers, sank to a two-week low. […]

Mitsubishi Heavy Industries Ltd. said on Wednesday it will stop making parts for Bombardier Inc.’s regional jets as it prepares to make its own passenger jet and compete with Bombardier in 2012.
Mitsubishi Heavy spokesman Hideo Ikuno said the company aims to focus its resources on the promising commercial aircraft business, such as the Boeing 787 […]