US automotive giant Ford Motor is planning to shift the production of Focus small cars and C-Max hybrid vehicles from its Michigan Assembly Plant near Detroit in 2018, to outside US. Even though the automobile major has not disclosed the ...
Tags: automobile, Ford Motor, auto parts, C-Max hybrid vehicles
Chicken legs from the US have made a comeback in Jordan after the latter scrapped a packaging norm. The rule that restricted the weight of chicken leg packs to 2.5kg, has been relaxed to allow up to 15kg. The Middle Eastern country ...
Tags: Packaging Rule, Chicken Legs
Mercedes-Benz is trialing autonomous capabilities to arm its forthcoming E Class sedan, making it respond to road and chart its path through cameras and sensors. While the feature is yet to leap out of the testing phase, the stage is ...
Tags: Mercedes-Benz, E Class Sedan
Shared autonomous vehicles can pull down automobile sales in the US by 40% over the next 25 years, a trend capable of forcing majors General Motors (GM) and Ford cut output by more than half. Shared autonomous vehicles refer to "robot ...
Tags: Driverless Cars, Auto Sales
Industrial restructuring, growth in services good indicators of improving conditions, say experts Positive signs have started to emerge in China's economy since the second quarter, suggesting deepened industrial restructuring amid rapid ...
Tags: Industrial restructuring, Positive signs, China's economy
Cadillac has dished out 35% discount bait for its electric car ELR Coupe, bringing down its price under $50,000 in New York area. Disclosing this, TrueCar, an online platform that guides customers with prices, said Cadillac could only ...
Tags: Cadillac, electric car
U.S. specialty jewelry store sales slumped 5.8 percent year on year to $2.019 billion in March, reflecting the sixth consecutive monthly decline. Jewelry store sales during the first quarter of 2015 have fallen 5.6 percent to $6.266 ...
The Italian Government will be granting incentives to Lamborghini to make the company build an SUV in the country. There is a possibility of Prime Minister Matteo Renzi's government offering tax breaks and other benefits amounting to ...
Tags: Lamborghini, SUV
China raised the consumption tax on cigarettes from five percent to 11 percent, announced the Ministry of Finance in a statement on Friday. Each cigarette will be taxed an additional 0.005 yuan during the wholesale process, effective from ...
Tags: Tax Rate, Cigarettes
Nomad Holdings Ltd. has agreed to acquire Iglo Foods Holdings Ltd., said to be Europe’s largest branded frozen food company, from Permira Advisers LLP in a deal worth €2.6bn. Subject to customary closing conditions, Nomad ...
Tags: Iglo Foods, Nomad
Swedish Match’s proposal to ease warning labels related to snus tobacco packaging has not been accepted by a panel of US FDA advisors. Snus is a moist tobacco powder put under the upper lip. Swedish Match wants the FDA to allow it ...
Tags: Snus Packs, FDA Panel, moist tobacco powder
U.S. specialty jewelry store sales fell 5.4 percent year on year to $2.72 billion in February, according to government calculations. The sales decline was much more severe than preliminary totals for jewelry and watch sales across all ...
Tags: specialty jewelry, watch sales
Last year, Asia Pulp & Paper installed solar panels in China that are providing 70.5 megawatts of solar power. APP is to add another 200 megawatts across eight of its mill companies in China. That is enough to power more than 500,000 ...
Tags: Pulp, Paper, Solar Rooftop
Dutch bottler of soft drinks and juices Refresco Gerber BV has raised $597m (€548m) through initial public offering on Amsterdam stock exchange. This is its third IPO this year, reported Bloomberg. Refresco sold 37.8 million ...
Tags: juices, facilities, Food
The paper giant installed 70.5 mega-watts last year and has announced an additional 129.5 mega-watts this week. APP said it expects the installations to be one of the largest rooftop solar projects anywhere in the world. The solar ...
Tags: paper giant, Solar Power, Chinese Mills