car2go, a car-sharing service and a subsidiary of Daimler Group announced that it will start its operations in Brussels, Belgium from October 2016. The world's largest free-floating car-sharer starts up business with 300 vehicles in an ...
Tags: Car2Go, free-floating car-sharer
Volkswagen has adopted a new strategy to become a lead in sustainable mobility by bringing out more than 30 new e-vehicles by 2025. In order to achieve these goals, the Board of Management - with the approval of the Supervisory Board - ...
Tags: Volkswagen, pact for the future, BEVS
German luxury vehicles maker Bayerische Motoren Werke (BMW) has broken on a new plant in Mexico. Guests attending the official ceremony in San Luis Potosí included Rogelio Garza Garza, Undersecretary of Industry and Commerce at the ...
Tags: BMW, innovative technologies
Production of the long-wheelbase version of the all new Mercedes-Benz E-Class in China has started. The vehicles are flexibly manufactured at the Chinese joint venture Beijing Benz Automotive Co., Ltd. (BBAC) on the same line as the ...
Mondelez International has announced that it would invest $15m to open a new global research, development & quality (RDQ) facility in Bielany Wroclawskie, Poland. The company has started the construction of the new site, which is expected ...
Tags: Mondelez International, Milka
German automaker Volkswagen has invested $300m in Israeli ride hailing provider, Gett, which competes with Uber, Lyft, and Didi Chuxing. Volkswagen's investment comes months after General Motors injected $500m into privately held American ...
Tags: Volkswagen, automaker
Stora Enso will invest a total of approximately EUR 70 million in a new polyethylene (PE) extrusion coating plant and an automated roll warehouse (ARW) at Imatra mills in Finland. Extrusion coating is a process used to enhance the ...
Tags: Stora Enso, Coating
Owens Corning (OC) has acquired InterWrap, a British Columbia based manufacturer of roofing underlayment and packaging materials, for $450m. InterWrap, through its facilities in the US, Canada, India and China, produces synthetic roofing ...
Tags: Owens Corning, InterWrap
Petainer UK Holdings has completed the transaction with KKR Credit for a €100m debt and equity investment. The funding from KKR Credit is being used to refinance the Company's capital structure and also finance the implementation of ...
Tags: KKR Credit, Petainer
German automotive firm Daimler is planning to invest about €500m in a new engine production facility in Poland. The facility, which will be situated in Jawor, around 70km west of Wroclaw, will be Mercedes-Benz Cars' first in Poland. ...
Tags: Daimler, Engine Plant
US-based private-equity firm Kohlberg Kravis Roberts (KKR) has agreed to provide €100m debt and equity financing to sustainable packaging provider Petainer UK. The funding will be used by Petainer to finance its capital structure and ...
Tags: KKR, Petainer, Investment
US-based food wholesaler Innovative Bites has acquired UK-based sweet maker Bonds of London for an undisclosed amount. The acquisition is part of Innovative Bites' long-term growth strategy to become a major confectionery supplier in ...
Monogram Foods has acquired Massachusetts-based Progressive Gourmet, a manufacturer of frozen appetizers for an undisclosed sum. The acquisition will bring additional processing capacities and distribution for small bites foods, baked ...
Tags: Monogram Foods, Acquisition, Progressive Gourmet, Frozen appetizers
TI Automotive, a supplier of automotive fluid systems technology, starts its new manufacturing facility in Monterrey, Mexico. The new, 53,000 square-foot facility will produce fluid carrying systems for the new Hyundai/ Kia manufacturing ...
German luxury automaker Mercedes-Benz has announced that it will invest €170m for expansion and modernisation of its Kuppenheim press shop. The investment will also create 200 additional jobs at the press shop. Kuppenheim press ...
Tags: Mercedes-Benz, Investment, Kuppenheim press shop, Expansion