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Qantas defends itself after jumbo it sold went to Iran

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Australia's Qantas Saturday said it took all reasonable precautions in selling aircraft after a report revealed that a jumbo jet once owned by the carrier had ended up in Iran despite sanctions, AFP reports.

Arcelor Mittal to lay off its 3000 workers

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ArcelorMittal Temirtau in central Kazakhstan is lowering its production volumes mainly in relation to oversupply of steel at the global market. As a consequence it is planning to massively cut jobs this year, Tengrinews.kz reports citing Kazakhstan Ministry of Labor and Social Protection.

Jaguar Land Rover mulls manufacturing in India: report

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Jaguar Land Rover, the British luxury car unit owned by Tata Motors, is considering manufacturing vehicles from scratch in India, AFP says citing a report.

First Kazakhstan-made Toyota to be assembled in spring 2014

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The first Kazakhstan-made Toyota will be assembled in spring 2014, Tengrinews.kz reports citing Deputy Prime-Minister and Minister of Industry and New Technologies Asset Issekeshev as saying at the press-conference timed to signing of the memorandum between Toyota Motor Corporation and Kazakhstan government on production of Toyota Fortuner.

5bn Euro loss unveiled by Peugeot in 2012

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Embattled French auto giant PSA Peugeot Citroen announced Wednesday a massive net loss of five billion euros ($6.7 billion) for 2012, the worst result in its history, AFP reports.