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Aston Martin Has Received Bids to Acquire Half of Its Business

Nov 27, 2012

British sportscar manufacturer Aston Martin has received bids from Mahindra & Mahindra and Investindustrial to acquire half of its business. London based private equity fund Investindustrial offered about $401m but Indian automaker ...

Tags: Aston Martin, Stake Sale

in Next Three Years,Volkswagen to Invest Eur50bn

Nov 27, 2012

German carmaker Volkswagen is planning to invest about EUR50.2bn in its global automotive division and development of new technologies through 2015 in a bid to meet the challenges of the uncertain European market. Volkswagen Board of ...

Tags: Volkswagen, global automotive division, development of new technologies

Rashtriya Ispat Nigam Ltd Would Hit The Debt Market with INR 500 Crore Borrow Plan in Q4.

Nov 27, 2012

Business Line reported that armed with favorable credit ratings, Rashtriya Ispat Nigam Ltd would hit the debt market with INR 500 crore borrow plan in the Q4. Sources said that the proposal would be placed before the RINL board for ...

Tags: Business Line, Debt Market, Rashtriya Ispat Nigam Ltd, borrow plan

Mylan Laboratories Has Gained Final FDA Approval

Nov 27, 2012

Mylan Laboratories, formerly Matrix Laboratories, has gained final FDA approval for its abbreviated new drug application (ANDA) of Atorvastatin Calcium Tablets of strengths 10mg, 20mg, 40mg and 80mg. The company begins immediate shipment ...

Tags: Generic Lipitor Anda, drug application, Atorvastatin Calcium Tablets

Renault Escalator Firm Kone to Supply a Full Range of Vehicles

Nov 27, 2012

French automaker Renault has signed a new three year framework agreement with elevator and escalator firm KONE to supply a full range of vehicles in several European countries starting 2013. KONE has selected Renault due its product ...

Tags: Renault, Passenger Cars, Light Commercial Vehicles

Hertz Receives Dollar Thrifty for $2.3bn

Nov 27, 2012

Car rental company Hertz has completed the acquisition of Dollar Thrifty Automotive Group (DTG), the holding company of Thrifty Car Rental and Dollar Rent A Car. In late August 2012, Hertz has agreed to acquire Dollar Thrifty for $87.50 ...

Tags: Hertz, acquisition, DTG

Sesa Goa May Have to Resort to Imports of Iron Ore

Nov 27, 2012

PTI reported that Vedanta group firm Sesa Goa may have to resort to imports of iron ore for feeding its 625,000 tonnes pig iron plant in Goa, expanded from 250,000 tonnes in August 2012, due to a mining ban in the state. Mr PK Mukherjee ...

Tags: pig iron plant, Sesa Goa, iron ore, iron

The Closure of Its Particleboard Mill in Knowsley Placed an Additional Burden on Earnings

Nov 27, 2012

The closure of its particleboard mill in Knowsley in the UK in mid-September placed an additional burden on earnings reported by Sonae Industria, which were already on the decline. According to its interim report for the third quarter, ...

Tags: Sonae, Sonae Industria, particleboard, particleboard mill

Ford Will Unveil Two New Fiesta Versions at Auto Guangzhou 2012 in China

Nov 27, 2012

US based automaker Ford will unveil two new Fiesta versions at Auto Guangzhou 2012 in China. The new versions include, all-new Ford Kuga and all-new Ford EcoSport, which will expand the company's SUV lineup. Ford Kuga, the Emergency ...

Tags: Ford, wo New Fiesta Versions, China

Shanghai General Motors Announce New Sail Springo EV

Nov 27, 2012

Shanghai General Motors, a joint venture of US carmaker General Motors (GM) and Shanghai Automotive Industry (SAIC) Motor, has unveiled the first China-built Sail Springo electric vehicle (EV) at the ongoing Auto Guangzhou 2012 event in ...

Tags: Shanghai General Motors, New Sail Springo, EV

Pirelli Has Revealed a Plan to Invest Eur105m in Its Romanian Plant to Boost Production

Nov 27, 2012

Italian tire manufacturer Pirelli has revealed a plan to invest EUR105m in its Romanian plant over the next five years to boost production. The investment will be complemented by EUR 35m aid from Romanian government which will be used to ...

Tags: Pirelli, Romania, ire Production

Five Hundred Guests Relaxed and Enjoyed Their Favourite Songs at The Memoirs and Wine

Nov 27, 2012

Nigeria - Solution Media and InfoTech Ltd, a high-tech multimedia company specialising in sound, stages, laser multimedia, lighting, tent and digital print in Nigeria, recently staged an evening of live entertainment to demonstrate the ...

Tags: multimedia company, evening of live entertainment

GSK Has Entered Into a Drug Discovery Alliance with Yale

Nov 27, 2012

GlaxoSmithKline (GSK) has entered into a drug discovery alliance with Yale to design a potential new class of medicines that degrade disease-causing proteins. Under the collaboration, GSK integrates its expertise in medicinal chemistry ...

Tags: Yale University, Drug Discovery Alliance, protein-degrading drug

Special Purpose Vehicles to Sany Heavy Industries Be Delivered by Man Truck

Nov 27, 2012

German automaker MAN Truck & Bus has signed an agreement to deliver concrete pump chassis and other special-purpose vehicles to Chinese construction machinery manufacturer SANY Heavy Industries. As per the deal, both the firms will step ...

Tags: Man Truck, Special Purpose Vehicles, Heavy Industries

An Investment Volume of EURO26.8m Has Been Estimated for The Expansion of Plant 7

Nov 27, 2012

An investment volume of € 26.8m has been estimated for the expansion of plant 7 of Julius Blum at the location of Dornbirn-Wallenmahd. This ensues from a report in Blum Blättle, a publication for company employees. Preparation ...

Tags: Julius Blum, Blum, Dornbirn, Aventos flap fitting systems