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
General Motors (GM) has issued a recall of 196,379 older Hummer SUVs to fix issues in ventilation fan motor control, which could lead to fire hazard. The issue in the ventilation fan motor control can sett off fire and so far the issue ...
Tags: auto parts, General Motors, Hummer SUVs, auto accessories, Hummer HT3
Russia is planning to extend a ban on food imports from the European Union (EU) for an additional period of six months in response to extended sanctions by EU over the Ukraine crisis. The extended ban may also include flowers and ...
Tags: food export, food imports, flower, chocolate
Hondo Motor has attributed the death of a woman reported in September last year in Los Angeles to the violent deployment of Takata-made airbag, raising the toll to eight. The safety regulators in the US told Reuters that the death of one ...
Tags: Honda, Faulty Takata Airbags
German automobile major Audi braces for the exit of one of its prominent staff members heading engine development amid mounting competition from other automakers and its drive for electric cars. Stefan Knirsch, who was at the helm of ...
Thailand-based industrial conglomerate Siam Cement hopes to jack up 5-10% sales out of its paper and packaging this year, banking on demand from Southeast Asian countries. Domestic growth, however, is expected to be around 1-2%. Siam ...
Tags: Packaging Business, Siam Cement
South Africa will stop imposing tariffs on poultry imports from the US, paving the way to resume trade in the country which had been closed for the past 15 years. The two countries have reached an agreement to this effect, as per which, ...
Tags: Agriculture, Food, Policy, Opinion
Smithfield Foods, a subsidiary of WH Group, has divested its 37% stake in Campofrio Food Group to Mexican firm Alfa for $354m. Based in Spain, Campofrio offers processed and canned meat, derivatives from pork and beef by-products, and ...
Indian food safety regulators have filed a lawsuit against Nestle India for selling Maggi noodles in the country with unsafe levels of lead. The complaint was filed at a local court in the state of Uttar Pradesh after the local Food ...
Tags: Food, Food Safety, Nestle
Russian food safety agency Rosselkhoznadzo has imposed a temporary ban on meat product imports from ten processing plants in Brazil. The agency said that the processing plants in Brazil have failed to comply with phytosanitary measures, ...
Suntory Beverage & Food (SBF) has signed a basic agreement to buy beverage business of Japan Tobacco (JT) for $1.2bn. According to SBF, the deal also includes acquisition of canned coffee brand Roots and peach-flavored drink brand Momono ...
Tags: Suntory, Japan Tobacco
South Korea, which sends around a quarter of its exports to China, is one of the few countries in the world to run a trade surplus with the Asian giant. Both countries want more of this trade to be done in yuan, which would make trade ...
Tags: trade surplus, Chinese currency
Brazilian meat processor JBS is exploring opportunities for possible acquisitions in North and South America and Australia. The company will consider acquisitions in the chicken, pork and branded, packaged food industries this year, ...
Tags: meat processor, JBS
China has lifted a three-year old ban on Brazilian beef imports, paving way for new sales that could generate around $50m. Earlier in 2012, China suspended beef imports from Brazil over a mad cow disease scare. Brazil President Dilma ...
Tags: Beef Imports, Imports ban
Home appliances major Whirlpool and brewer Anheuser-Busch InBev have joined hands and started selling single serve capsule-based drink machines for soda, juice and coffee in Brazil. Setting in motion their joint venture valued at more ...
Tags: Whirlpool, AB InBev, Drink Machine