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LKQ to Expand European Presence with Rhiag-Inter Auto Parts Acquisition

Dec 28, 2015

US based auto parts maker LKQ has entered into an agreement to acquire Rhiag-Inter Auto Parts for €1.04bn to expand its presence in European market. Rhiag-Inter Auto Parts is pan-European business-to-business distributor of ...

Tags: LKQ, Rhiag-Inter Auto Parts, Auto

Ford Motor Issues Recall of 317, 000 Vehicles in North America

Dec 28, 2015

Ford Motor has issued three safety recalls and one safety compliance recall for about 317,000 vehicles. The biggest recall is on the Ford Crown Victoria and Mercury Grand Marquis sedan models, manufactured between 2003 and 2005, over ...

Tags: Ford Motor, recalls, Auto

Chemical Company Stahl Cooperates with Rinspeed

Dec 25, 2015

Leading company in chemicals Stahl joined forces with Rinspeed, the creative think-tank and mobility lab for the automotive industry. The result is a 'driverless car' with a futuristic and sustainable car interior featuring eye-catching ...

Tags: Rinspeed, Stahl, Auto

Anheuser-Busch to Acquire Breckenridge Brewery to Expand Its Craft Beer Portfolio

Dec 25, 2015

Belgium-based brewing company Anheuser-Busch has agreed to acquire Colorado-based Breckenridge Brewery, to expand its craft beer portfolio. Upon completion of the acquisition process, Breckenridge Brewery will become the seventh craft ...

Tags: Anheuser-Busch, Breckenridge Brewery, Food

Nestle Commits to Use Only Cage-Free Eggs in Us Products by 2020

Dec 25, 2015

Swiss food company Nestle has committed to use only cage-free eggs for its US food products by 2020. With this decision, the packaged food company has joined companies like Kellogg, McDonalds, Subway and Dunkin' Donuts, who have already ...

Tags: Nestle, cage-free eggs, Food

Hain Celestial’S UK Subsidiary Acquires Orchard House Foods

Dec 25, 2015

Organic and natural products company Hain Celestial Group’s UK subsidiary has acquired Orchard House Foods, a supplier of fruit desserts, juices and ingredients in the UK. Orchard Foods was established in 1985 by Wellness Foods . It ...

Tags: Hain Celestial Group, Orchard House Foods, Agriculture

Setra Topclass 500 Arrives in Portugal

Dec 25, 2015

Portuguese bus company Greenbus has augmented its fleet by purchasing two Setra S 516 HDH touring coaches. The two three-axle vehicles, equipped with the TopSky Panorama glass roof, are the first Setra TopClass 500 models to be delivered to ...

Tags: Greenbus, Setra S 516 HDH, Auto

Toyota to Introduce New Map Generation Technology

Dec 25, 2015

Toyota has announced that it is developing a high-precision map generation system to generate road maps that cover a wide area. The system will use data from on-board cameras and GPS devices installed in production vehicles that will ...

Tags: Toyota, high-precision map generation system, Auto

Alibaba Hires Ex-Apple Investigator to Fight Fakes

Dec 24, 2015

Alibaba has hired Apple's former counterfeiting investigator to lead the charge against fake products on Alibaba's e-commerce platform. The Chinese online retail giant has appointed Matthew Bassiur as its head of global intellectual ...

Tags: Alibaba, Fakes

China's AVIC Ordered to Pay $70 Mln to U.S. Wind Firm

Dec 24, 2015

An arbitration award has ordered China's Aviation Industry Corporation or AVIC to pay over 70 million U.S. dollars to an U.S. wind firm for breach of contract. AVIC did not immediately respond to requests for comment. Dallas-based Tang ...

Tags: China's AVIC, U.S.Wind Firm

China's Zoomlion Buys 57 Pct Stake in Ladurner

Dec 24, 2015

Zoomlion, China's leading construction machinery producer, on Wednesday said it had signed an official agreement to buy a 57 percent stake in Italy's waste-disposal company Ladurner. Zoomlion said it had teamed-up with Mandarin Capital to ...

Tags: Zoomlion, Ladurner, Stake

Vanke Welcomes Anbang's Increase in Shareholding

Dec 24, 2015

China Vanke has issued a statement on Wednesday night, welcoming Anbang Insurance to become one of its big share-holders. Earlier this week, Anbang raised its stake in Vanke to 7 percent by acquiring shares worth over 2.8 billion yuan. ...

Tags: Vanke, Anbang

Uber Partners with Chinese Auto Maker

Dec 24, 2015

Uber has announced a partnership with a major Chinese auto maker. The San Francisco-based company says it will work with Guangzhou Automobile Group in areas including investment, sales, marketing and promoting new energy vehicles. Terms ...

Tags: Uber, Guangzhou Automobile Group

Cooke Seafood Initiates Offer to Acquire Fripur

Dec 24, 2015

Cooke Seafood Group has initiated an offer to acquire Uruguayan seafood company Fripur S.A. Cooke's exclusive investment banking advisor for the deal is Antarctica Advisors. The acquisition offer was in line with the Court's ...

Tags: Cooke Seafood Group, Fripur S.A., Food

Panasonic to Produce Heat-Resistant Phenolic Molding Compounds in Thailand

Dec 24, 2015

Panasonic Corporation’s Automotive & Industrial Systems Company will launch a production line for heat-resistant phenolic molding compounds for use in automotive parts at Panasonic Manufacturing Ayutthaya (PMFAT). Full-scale ...

Tags: Panasonic Corporation, heat-resistant phenolic molding compounds, Auto