Lexus, the luxury arm of Toyota Motor Corporation, eyes introducing a second top-of-the-line ‘flagship’ model to coexist with the LS sedan breed in the US. Taking a note of the popularity of luxury sport utility vehicles such ...
Tags: Lexus, Toyota, sport utility vehicles
South Korean automotive giant Hyundai Motor has slashed two SUV variants’ prices in China by 11.8%, while Japanese automobile major Toyota has voiced against being optimistic about profitability, against the backdrop of sales slump in ...
Tags: Hyundai Motor, SUV
U.S. specialty jewelry store sales fell 4.4 percent year on year to $2.703 billion in May, according to the latest government calculations. The decline was noticeable considering that preliminary sales of jewelry and watches across all ...
Tags: jewelry, watch sales
Communications and information technology company Nokia has signed a deal to sell its HERE digital mapping and location services unit to a consortium comprising Audi, BMW Group and Daimler in a deal worth €2.8bn. The transaction, ...
Tags: HERE Digital Map, Nokia
German automotive major BMW has hinted on the possibility of another ‘i’ electric car variants when it comes to taking a call on new models. This has been informed by Harald Krueger while interacting with German newspaper ...
Tags: BMW, electric car, passenger car
US automotive giant General Motors (GM) will join forces with its Chinese partner Shanghai Automotive Industry (SAIC) to develop a line of Chevrolet vehicles to cater to fast-growing emerging markets, pumping in $5bn over the next several ...
Tags: General Motors, Automotive
German automotive giant Volkswagen (VW) has for the first time edged past Japanese carmaker Toyota to rise to the numero uno position in automobile sales during the first half of the current year. VW managed to sell 5.04 million units ...
Tags: Volkswagen, Carmaker, emerging markets
US-based craft brewery SweetWater Brewing is preparing for an initial public offering (IPO). Reuters cited people familiar with the matter as saying that SweetWater is negotiating for stock market flotation with investment banks, which is ...
Tags: beverage, beer, brewery SweetWater
Japanese automotive giant Toyota may shelve its plan to promote its luxury Lexus brand in China, thanks to slowdown in the country’s automobile sector coupled with a weaker yen. With China's automobile market registering a growth ...
Tags: automobile manufacture, Toyota, car promotion, Lexus
Thai Union Frozen Products (TUF) is planning to raise close to $380m, which will fund its planned acquisition of Bumble Bee Seafoods. TUF will offer up to 795.3 million new shares to its existing shareholders at $0.4685 each, Reuters ...
Tags: food, Bumble Bee Seafoods
New Zealand-based milk marketing company a2 Milk has rejected a joint takeover proposal from Australia's Freedom Foods and US food giant Dean Foods. The company's board did not consider the proposal, which was made in June, as compelling. ...
Tags: healthy food, animal husbandry, milk
Automobile major Fiat Chrysler Automobiles (FCA) is on the verge of taking a final call on whether to divest its auto parts wing Magneti Marelli in the face of potential buyers expressing interest. Two private equity funds based out of ...
Tags: automobile manufacture, auto parts, FCA
Automotive major General Motors (GM) is calling back 780,000 crossover SUVs, most of them in North America, for defective rear power lift gates and another 155,000 cars in India to address wiring problem linked to remote. For North ...
Tags: automobile manufacture, General Motors, auto parts, auto accessories, SUVs
Internet giant Google has initiated testing of its autonomous cars on the public streets in Austin, Texas, to ascertain the way the prototypes negotiate with traffic, obstacles and road conditions. The company has been conducting trials ...
Tags: automobile, self-driving car, auto parts, autonomous cars
A merger among automotive players may be the need of the hour but there is no further development about Fiat Chrysler Automobile’s (FCA) intention of joining hands with US automobile major General Motors (GM), said FCA CEO Sergio ...