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BYD to Triple Its Production of Batteries to Compete Against Tesla

Mar 17, 2015

Shenzhen-based automaker BYD is planning to triple its production of batteries, in an effort to compete against Tesla. Reuters cited BYD Auto spokesman Matthew Jurjevich as saying that the Chinese automaker is planning to add 6 GW hours ...

Tags: BYD, Battery Production, Tesla

Bmw Has Previewed The First Plug-in Hybrid Production Version of Bmw X5 Xdrive40e

Mar 17, 2015

German automaker BMW has previewed the company’s first plug-in hybrid production version of BMW X5 xDrive40e. The car is powered by a four-cylinder petrol engine with BMW TwinPower Turbo technology and an electric motor, capable of ...

Tags: BMW, Hybrid Production Car

Cadillac Will Use an Advanced Mixed-Material in Ct6 Sedan

Mar 17, 2015

Cadillac has announced that the company will use an advanced mixed-material for the development of lightweight body structure in CT6 sedan. According to Cadillac, the structure is aluminum intensive but use 13 different materials in the ...

Tags: Cadillac, CT6 Sedan, vehicle

FAW Jiefang Light Truck Held Promoting Activities in Ten Major Cities

Mar 16, 2015

Lasted for two months, FAW Jiefang light truck held promoting activities in ten major cities, and turnover was close to 1000 trucks, nearly 2000 customers took part in the activities. FAW Jiefang promoted a comprehensive display of the J6F ...

Tags: Light-Duty Trucks, Trucks

Foot Locker's Earnings Rose 18.0% to $146 Million in Q4

Mar 16, 2015

Foot Locker, Inc. reported fourth-quarter earnings rose 18.0 percent to $146 million, or $1.01 a share, easily eclipsing Wall Street's target. Earnings, adjusted for non-recurring gains, came to $1 per share, beating Wall Street's consensus ...

Tags: Foot Locker, fourth-quarter earnings

Accell Group N.V.'s Bike Sales Grew 4% in North American in 2014

Mar 16, 2015

Accell Group N.V. reported its North American bikes sales grew 4 percent in 2014 as sales to multi-sports retailers grew, while sales to independent bicycle dealers, or IBDs, lagged expectations and declined. Sales of electric bikes only ...

Tags: bikes sales, Accell Group

Levy Acquisition to Buy Mexican-American Fast-Food Chain Del Taco, in a $500m Deal

Mar 16, 2015

Chicago based Levy Acquisition has agreed to buy Mexican-American fast-food chain Del Taco, in a $500m deal. The blank-check acquisition firm Levy Acquisition, which is controlled by restaurateur Larry Levy, will now change its name to ...

Tags: Levy Acquisition, fast-food

Skoda Has Commenced Production of Its Next Generation Skoda Superb

Mar 16, 2015

Skoda has commenced production of its next generation Skoda Superb at the company’s Kvasiny facility in Czech Republic. The company has expanded the production buildings and production areas of the factory to manufacture the next ...

Tags: Skoda Superb, Skoda

Ford Has Started Production of Its 2015 F-150 Pickup Truck

Mar 16, 2015

Ford has started production of its 2015 F-150 pickup truck at the company’s Kansas City Assembly Plant. The company has hired More than 900 new workers to meet the production demands and to ensue seamless production of the F-150. ...

Tags: Ford, pickup truck

Mercedes-Benz's Predictive Powertrain Control Can Now Be Added to Series of Trucks

Mar 16, 2015

Mercedes-Benz has announced that the company’s Predictive Powertrain Control (PPC) can now be added to Actros, Antos and Arocs series of trucks. According to the automaker, the technology is designed to cut down fuel consumption by ...

Tags: Arocs Truck, PPC Technology, Mercedes-Benz

Renault Trucks Has Announced The Launch of Renault Trucks D Wide CNG

Mar 16, 2015

Renault Trucks has announced the launch of Renault Trucks D Wide CNG, which is fitted with the new 9L Euro 6-gas engine. The Euro 6 NGT9 6 cylinder engine is capable of generating 320 hp and pumping 1,356 Nm of torque. The engine is ...

Tags: Renault, Renault Trucks, CNG Trucks

Berkshire Hathaway Has Completed The Acquisition of Van Tuyl Group

Mar 16, 2015

US based multinational Berkshire Hathaway has completed the acquisition of Van Tuyl Group, a privately-held auto dealership chain. Following the deal, billionaire Warren Buffett owned company will create of Berkshire Hathaway Automotive ...

Tags: auto dealership chain, Berkshire Hathaway

China CSSC Holding Posted Rising Profit in 2014 Due to Rebounding Market Demand

Mar 16, 2015

China CSSC Holding Ltd, a leading ship builder, posted rising profit in 2014 due to rebounding market demand, the company said on Saturday. The company attributed the eye-catching performance to the recovering ship demand as it finished ...

Tags: China CSSC Holding, ship builder, CSSC Profit

Mars' Indian Unit to Invest $160m to Establish Its First Manufacturing Plant in India

Mar 13, 2015

American chocolate manufacturer Mars’ Indian unit is planning to invest INR1,005 crore ($160m) to establish its first manufacturing plant in Pune, India. Mars International India has now signed a MoU with the government of ...

Tags: chocolate, chocolate manufacturer Mars

Food Concepts PLC has partnered with South Africa based Pioneer Foods

Mar 13, 2015

Food Concepts Plc, the Nigerian parent company of Free Range Farms, Butterfield Bakery and Chicken Republic, has partnered with South Africa based Pioneer Foods. Deji Akinyanju, Food Concepts Chairman, said: "The partnership will benefit ...

Tags: Pioneer Foods, Food Concepts, Bakery