General Motors (GM) has been accused of using a device in its diesel-powered vehicles in order to cheat on emissions tests, similar to Volkswagen scandal. A group of more than 700,000 owners and lessees of GM’s Chevrolet Silverado ...
Tags: General Motors, Diesel Emissions
Daimler has laid the foundation for a second factory for lithium-ion batteries in Kamenz, Germany. Stuttgart/Kamenz, Germany – By laying the foundation for one of the biggest and most modern battery factories, Daimler AG is setting ...
Tags: automotive, Battery
LyondellBasell has announced that its Supervisory Board has authorized the company's Management Board to declare a dividend of $0.90 per share, representing a 5.9 percent increase over the company's first quarter 2017 dividend. The ...
Tags: LyondellBasell, plastics
Mercedes-Benz Vans and Hermes have partnered for the development of technologies and services for vehicle fleet operated by the retail and logistics services provider. Volker Mornhinweg, Head of Mercedes-Benz Vans, and Hanjo Schneider, ...
Tags: Mercedes-Benz, Hermes
Sexy Tesla sports cars aren’t the only vehicles that deserve the battery treatment – drayage vehicles, school buses, garbage trucks and cargo haulers are also going electric. And the ranks of those medium- and heavy-duty ...
Tags: Heavy-Duty Truck, Truck
For first-quarter 2017, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $94.4m, rebounding further from $93.6m last quarter and up 21% on $78m a year ago. This is above ...
Tags: LED Demand, LED industry
Chinese engineering firm Truking Group has agreed to acquire 75.1% stake in Romaco Group from German private equity company Deutsche Beteiligungs (DBAG). Romaco, which employs about 550 people, provides packaging and processing ...
Tags: Truking, coating machine
Apple’s legendary cash reserves have reached new heights as the company prepares to reveal the exact magnitude of its stockpile. There are many metrics by which you can measure a company’s success. For instance, Apple has the ...
Tyson Foods has agreed to buy Ohio-based sandwich producer AdvancePierre Foods for about $3.2bn. The acquisition will expand Tyson Foods' portfolio of prepared foods and protein-packed brands. A subsidiary of Tyson Foods will offer to ...
Tags: Tyson Foods, Sandwich
Valmet has secured a repeat order from First Quality Tissues (FQT) for its Advantage THRU-AIR tissue line. FQT plans to begin a new production line in the second quarter of 2018 and it will increase its production by 70,000 tons of ultra ...
China reported growth in both import and export of toys in 2016, which fortified the country's status as a major manufacturer and consumer of toys, a report published Thursday said. Last year, China exported toys valued at 33.7 billion ...
Tags: toy, Light Industry
New Zealand exporters will soon be allowed to send chilled meat to China under a new agreement signed by the two countries. Significant revenues are expected to be made by the New Zealand meat sector following a Memorandum of Cooperation ...
Tags: chilled meat, frozen meat
Truco Enterprises has rolled out the new On The Border Nacho Cheese and Zesty Ranch flavored tortilla chip products. The products are already available on shelves at several retailers. Truco CEO Mel Deane said: "As the fastest growing ...
Tags: Tortilla Chip, Truco
Meat-based food manufacturer Home Market Foods has acquired nutrition brand Perfect Fuel, which produces the Perfect Fuel Dark Chocolate Energy Bites. In 2011, Perfect Fuel Co-founders, Nicolas Warren and Miles Masci, launched their ...
Tags: Home Market Foods, Perfect Fuel
FCA US will invest over $1bn in its assembly facilities in Illinois and Ohio to retool them in order to increase production of its Jeep Cherokee and Wrangler. The Toledo Assembly Complex in Ohio will receive an investment of $700m, which ...