BMW has signed a memorandum of understanding (MoU) to join Baidu’s open autonomous driving platform Apollo as a board member. Both the firms plan to work together to bring safe and intelligent mobility experiences for Chinese ...
Tags: BMW, Autonomous Driving
Ford Smart Mobility and Zotye Auto have signed a memorandum of understanding (MOU) to establish electric vehicle solutions joint venture (JV) for China’s ride-hailing market. The two car companies plan to supply ride-hailing fleet ...
Tags: Smart Mobility, Zotye Auto
German automakers BMW and Daimler have agreed to merge their respective mobility services business units into a joint venture (JV) in which each company will hold a 50% stake. The agreement will bring together the companies’ ...
Automotive parts supplier Magna International formed a joint venture (JV) in China to make composite liftgates for a global automaker’s crossover vehicle commencing in late 2018. The JV with Guangzhou Automobile Group (GAC) ...
Tags: Magna, Chinese Automaker
Automakers Mazda and Toyota have established a new joint venture company to oversee the construction of a $1.6bn auto manufacturing plant in Alabama, US. The new JV firm, dubbed Mazda Toyota Manufacturing, U.S.A. (MTMUS), will shortly ...
German automotive manufacturing firm Continental has agreed to establish a joint venture (JV) with China’s CITC to manufacture 48-volt battery systems. The companies, via their respective subsidiaries, will set up the JV for the ...
Tags: automotive, Continental
German industrial packaging firm Mauser Group has acquired the manufacturing assets of MaschioPack North America for an undisclosed amount. MaschioPack North America is engaged in manufacturing 275-gallon and 330-gallon Intermediate Bulk ...
Tags: industrial packaging
Nordic food company HKScan has agreed to form a joint venture (JV) with Zhejiang Qinglian Food to sell Finnish pork products to Chinese consumers. HKScan is looking to establish a new presence on the Chinese market by launching products ...
Tags: Pork Products, pork
US food giants Archer Daniels Midland (ADM) and Cargill have signed an agreement to create a joint venture (JV) to meet increasing customer demand for soybean meal and oil in Egypt. The JV, which will be equally owned by the partners, ...
Tags: Archer Daniels Midland, soybean
Groupe Renault and Brilliance China Automotive have signed a joint venture (JV) contract to manufacture and sell light commercial vehicles (LCV) in China in three segments with three brands. The new JV, which will be known as ...
Tags: Renault, Light Commercial Vehicles
French automaker Groupe PSA has signed a joint venture (JV) agreement with three Algerian partners to build cars in the North African country. The Algerian partners include Condor Electronics, Palpa Pro and Entreprise Nationale de ...
Tags: Algerian Market, PSA, Cars
Pioneer Food will acquire full ownership of Heinz Foods South Africa (Heinz Foods SA) by purchasing the remaining 50.1% stake in the joint venture (JV) from Kraft Heinz Company’s subsidiary Heinz SA. Financial terms of the ...
Tags: Pioneer Food, Heinz Foods
Lighting firm Osram GmbH and automotive technology firm Continental AG in Germany are to establish a Munich-registered 50:50 joint venture Osram Continental GmbH combining lighting technology with electronics and software to develop, ...
Tags: Osram, Automotive, LED lighting
TricorBraun has collaborated with Amfora Packaging to form a new joint venture (JV) company to serve customers in the South American region. The partnership has formed TricorBraun South America SAS, which is a 50-50 JV firm with ...
Tags: TricorBraun, Amfora Packaging
The Renault-Nissan Alliance and Dongfeng Motor have established a joint venture (JV) to co-develop electric vehicles in China. The new JV, dubbed eGT New Energy Automotive, will manufacture vehicles with zero-emissions. It will use the ...