Mitsubishi Aircraft Corporation unveiled the MRJ last year and, as reported by Bloomberg, have since delayed its debut flight three times. This comes as part of a larger effort to break into global aircraft manufacturing. The market for regional jets holding less than 100 passengers is currently dominated by Brazil’s Embraer SA and Canada’s Bombardier Inc.
In recent years, Chinese car buyers' preferences have changed significantly. But VW has become less responsive to evolving consumer needs.
1.Newly prosperous car buyers have migrated in recent years from sedans and microvans to bigger vehicles such as SUVs and multipurpose vehicles. Chinese consumers are especially fond of SUVs' and MPVs' high seat positions and dynamic styling.
2. General Motors, Ford Motor Co. and PSA/Peugeot-Citroen each has introduced three locally produced SUV models in China.
3. But VW has not followed suit. The German brand has more than 25 models available in China, but only two -- the Tiguan and Touareg -- are SUVs. And of those, only the Tiguan is produced in China.
In an interview with Re/code Co-Executive Editor Kara Swisher and myself, Cornell discussed technologies like Apple Pay that can transform the in-store shopping experience. He also explained why the future of Target’s e-commerce business is bright, even if it currently accounts for less than 3 percent of the company’s sales.