
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.

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.

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

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.

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.