Fourteen months after General Motors started recalling more than 2 million small cars with faulty ignition switches worldwide, the company says it has repaired about 70 percent of the vehicles that are still on the road. The figures, ...
Tags: GM, Ignition Switches, Manufacturing
Ford along with its Chinese partner Chongqing Changan Automobile is planning to invest $1.08bn to buy a plant owned by Chinese automaker Harbin Hafei Automobile. Changan Ford Automobile, a joint venture between Ford and its Chinese ...
It was reported on 25 March 2015 that new Country of Origin Labelling laws will be delayed until at least August 2015 despite the Prime Minister’s announcement on 16 February 2015 that country of origin labelling proposals for reform ...
Tags: FSANZ, dietary supplements, Food
General Motors is reportedly planning to build its next-generation Chevrolet Cruze at Coahuila plant in Mexico. The company is also planning to invest $350m for the production of the next generation small car, reported Reuters. ...
Tags: Motors, Chevrolet, Auto Parts
Denmark’s meat processing company Danish Crown and meat marketer Westfleisch are set to form a joint venture aimed at deboning and sales of sow meat. Both the companies will have an equal share in the new venture called ...
Toyota is planning to construct its first passenger car assembly plant in Mexico, which will produce Corolla compact sedan. Reuters cited sources familiar with the matter as saying that the company is waiting for the approval of its board ...
Tags: Passenger Car, Corolla, compact sedan
Foreign direct investment (FDI) in the Chinese mainland jumped 17 percent year on year in the first two months of 2015, settling at 22.48 billion U.S. dollars, the Ministry of Commerce (MOC) announced Tuesday. The pace slowed from a 29.4 ...
Tags: China's FDI, service sector
Shenzhen-based automaker BYD is planning to triple its production of batteries, in an effort to compete against Tesla. Reuters cited BYD Auto spokesman Matthew Jurjevich as saying that the Chinese automaker is planning to add 6 GW hours ...
Tags: BYD, Battery Production, Tesla
Chinese automaker BYD Co, backed by Warren Buffett's Berkshire Hathaway Inc, aims to triple its production of batteries as it takes on Tesla Motors in the race to supply electric vehicles and boost energy storage. Shenzhen-based BYD plans ...
Tags: Chinese automaker, BYD, Tesla, Battery Factory
UK based Exponent Private Equity is contemplating sale of its meat-free food brand Quorn and has already held preliminary talks with an American food firm, the WhiteWave Foods Company. WhiteWave Foods Company is targeting the rapidly ...
Tags: WhiteWave Foods, Quorn, meat-free food
Tesla Motors Inc has announced that it will be handing pink slips to its employees in China as a part of its restructuring plan. The premium electric vehicle maker hasn’t declared the number of jobs that will be slayed, but there ...
Tags: Tesla Motors, electric vehicle
China's trade rebounded in February from the previous month's surprise contraction, but imports were subdued in another sign of continued weakness in the world's second-largest economy. Exports surged 48.9 percent in February from a year ...
Tags: Dipping Imports, February exports
In the wake of the hepatitis A outbreak in Australia, the government has supported plans for the introduction of country-of-origin labeling. Australian Prime Minister Tony Abbott had asked his cabinet members to draft a legislation ...
Japan-based Daicel is planning to build a second US factory for air bag inflators in early 2016. Reuters cited Daicel spokesman as saying that the company initially planned to construct the second US factory in March 2017, after its ...
Tags: Air Bag Inflator, Auto Parts
Chinese high-speed train companies are eyeing more contracts in overseas markets. "The US will be the next strategic focus for us, after successfully winning the Boston contract," Yu Weiping, vice-president of China CNR Corp, told China ...
Tags: high-speed train, overseas markets