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Nestle Buys Minority Stake in US Prepared Meals Producer Freshly

Jun 21, 2017

Nestlé USA has forayed into the direct-to-consumer (DTC) prepared meals business by acquiring a minority stake in Freshly. The Nestle subsidiary was the leading investor in a $77m funding round in the DTC healthy prepared meals ...

Tags: Nestle, Prepared Meals

2018 Subaru Crosstrek Starts at $21, 795

Jun 19, 2017

Subaru of America said pricing for the entry-level Crosstrek 2.0i will start from $21,795, representing a $100 increase over the earlier model. The company announced pricing on the all-new 2018 Crosstrek line. The vehicle is powered by ...

Tags: Subaru of America, Crosstrek

US Smoothie Maker Bright Greens Raises $2m in Seed Funding

Jun 19, 2017

Plant-based frozen smoothie producer Bright Greens has raised a seed round led by Kellogg Company’s venture capital fund eighteen94 capital. Blu Venture Investors, an early stage investment group based in the Mid-Atlantic, also ...

Tags: Bright Greens, Smoothie

Nestle Exploring Sale of US Confectionery Business

Jun 19, 2017

Nestlé is considering a sale of its US confectionery business, which includes brands such as Butterfinger, Baby Ruth and Crunch chocolate bars. The food and beverage giant is exploring strategic options, which would pertain to only ...

Tags: Nestle, chocolate

Google's Waymo Pulls Plug on Firefly Self-Driving Car

Jun 16, 2017

Google’s self-driving subsidiary Waymo is retiring its prototype autonomous vehicle, dubbed Firefly. The Firefly vehicle, which has no wheel and pedals, was developed as a platform to experiment and learn, but not for mass ...

Tags: Google, autonomous vehicle

General Motors Produces 130 Self Driving Chevrolet Bolt EVs

Jun 15, 2017

General Motors has manufactured the first set of 130 Chevrolet Bolt electric vehicles equipped with self-driving technology at its Orion Assembly Plant in Michigan. These vehicles will join a fleet of 50 self-driving Bolt EVs already ...

Tags: General Motors, Self Driving EV

Heineken Asked to Address Competition Concerns Related to Punch Taverns Acquisition

Jun 15, 2017

UK Competition and Markets Authority (CMA) has found that Heineken’s £403m bid to acquire Punch Taverns estate could reduce competition in over 33 places across the country. The regulator has asked the Dutch brewing company to ...

Tags: Heineken, Taverns Acquisition

Nissan Installs Two EV Fast Charging Stations in Michigan, US

Jun 14, 2017

Nissan has completed installing two new DC fast charge stations in Southeastern Michigan adding to the increasing infrastructure of electric vehicle fast chargers in the state. The stations are located at USA 2 GO convenience stores in ...

Tags: Nissan, Fast Charging Stations

Hyundai Unveils New Kona Compact SUV

Jun 14, 2017

Hyundai Motor has unveiled its latest subcompact SUV, the Kona, which will go on sale in Korea later this month. The new SUV will be introduced in Europe in August and the US market in December. Kona will join the company’s ...

Tags: Hyundai, Compact SUV

Precision Acquires Meyer Industries

Jun 14, 2017

Precision has acquired Meyer Industries, a manufacturer of conveyor systems and equipment for the food processing industry. Meyer has earned a reputation for the ability to provide customized solutions to its customers including high ...

Tags: Precision, Meyer Industries, food processing

Reckitt Benckiser Secures Final Approval for $16.6bn Acquisition of Mead Johnson

Jun 14, 2017

Reckitt Benckiser’s $16.6bn acquisition of US-based infant formula manufacturer Mead Johnson Nutrition is all set to be closed after securing the final regulatory approval. Subject to the meeting of customary closing conditions, the ...

Tags: Reckitt Benckiser, infant formula

Tyson Foods Recalls Over Two Million Pounds of Chicken Products

Jun 13, 2017

Tyson Foods is recalling about 2.4 million pounds of ready-to-eat breaded chicken products because of misbranding and undeclared allergens. The known allergen ingredient in the form of milk had come from one of the company's suppliers who ...

Tags: Tyson Foods, Chicken Products

Sovos Brands to Acquire Rao's Specialty Foods

Jun 13, 2017

Advent International backed Sovos Brands has agreed to acquire Rao's Specialty Foods, the owner of Rao's Homemade pasta sauce made from natural ingredients. The transaction is expected to be completed during the third quarter of this ...

Tags: Sovos Brands, Specialty Foods

Honda Plans to Introduce Level 4 Automated Driving System for Vehicles by 2025

Jun 12, 2017

Japanese automaker Honda is planning to introduce Level 4 automated driving capability into its vehicles by 2025. The decision is line with the company’s plans to introduce automated freeway driving capability (SAE Level 3) into ...

Tags: Honda, Automated Driving System

Porsche Unveils New 911 Turbo S Exclusive Series

Jun 12, 2017

Porsche has unveiled the new 2018 911 Turbo S Exclusive Series Coupe, which it claims is the most powerful 911 Turbo S ever. In addition to an increase of 27 horsepower, the 911 Turbo S Exclusive Series distinguishes itself from other 911 ...

Tags: Porsche, 911 Turbo S