Company News
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Company News
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Ford Smart Mobility and Zotye Auto Sign Mou to Set up EV Solutions JV
May 7, 2018Ford 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
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Porsche Continues to Expand Hybrid Range
May 4, 2018Porsche is launching a new, upgarded Cayenne E-Hybrid plug-in hybrid with more power. The launch is expected to solidify the company's lineup, while adding significant advancements to its standard Cayenne and the preceding Cayenne S ...
Tags: Porsche, Hybrid Range
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Bobst to Open New Production Site and Competence Center in China
May 4, 2018Bobst, a Swiss company that provides machinery and services to the packaging industry, will open a new production site and Competence Center in Changzhou, China. The new site, a greenfield facility in Changzhou in the Jiangsu province of ...
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Tyson Foods Invests in Lab-Grown Meat Producer Future Meat Technologies
May 4, 2018Tyson Ventures, the venture capital unit of Tyson Foods, has co-lead a $2.2m seed investment in Future Meat Technologies. Based in Jerusalem, Future Meat Technologies is a food tech company that is engaged in non-GMO production of ...
Tags: Tyson Foods, Meat
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Eurofins to Buy Covance Food Solutions From Labcorp for $670m
May 3, 2018Eurofins Scientific has agreed to acquire Covance Food Solutions, the food testing and consulting business of global life sciences company LabCorp, for $670m. The global bioanalytical testing firm said that the acquisition will expand its ...
Tags: Eurofins, Covance Food
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AquaBounty Secures FDA Approval for Salmon Production in Indiana
May 3, 2018AquaBounty Technologies has secured approval from the US Food and Drug Administration (FDA) to raise AquAdvantage Salmon at its land-based contained facility near Albany, Indiana. The FDA previously approved AquaBounty’s New Animal ...
Tags: AquaBounty, Salmon Production
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FIAT Brand Unveils Blue Sky Edition for 2018 500x Models
May 3, 2018The FIAT brand announced the new 2018 Fiat 500X Blue Sky Edition, further extending customization options for the Italian-designed, fun-to-drive crossover. Available on Fiat 500X Pop models with the nine-speed automatic transmission, the ...
Tags: Blue Sky Edition, FIAT
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Baidu Unveils New Upgrade to Autonomous Driving Open Platform
Apr 28, 2018Baidu has unveiled Apollo 2.5, the latest version of the open autonomous driving platform, which now supports autonomous driving on geo-fenced highways. At a launch event to celebrate Apollo’s one-year anniversary in Beijing, Baidu ...
Tags: Baidu, Autonomous Driving
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Snyder's Releases Five New Snack Flavors for Two Product Lines
Apr 28, 2018Snyder's of Hanover, which has been recently acquired by Campbell Soup, has launched five new snack flavors across its Pretzel Pieces and Wholey Cheese! product lines. The new Snyder's of Hanover innovations are created with the same ...
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Mercedes Benz Showcases a-Class L Sedan at Auto China 2018
Apr 28, 2018Mercedes-Benz has premiered its new A-Class L Sedan at the Beijing International Automotive Exhibition (Auto China 2018). The notchback model being presented there features a 6 cm longer wheelbase (2789 instead of 2729 mm) and is a ...
Tags: Mercedes Benz, Auto China 2018
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Huawei and Groupe PSA Exhibit First Connected Vehicle at Hannover Messe 2018
Apr 27, 2018Huawei and Groupe PSA have debuted a DS 7 CROSSBACK, the first connected vehicle, at the Hannover Messe 2018. The vehicle is the result of their partnership covering all of the Group's connected vehicles, announced in November 2017. ...
Tags: Huawei, Groupe PSA
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Toyota Plans to Launch 10 New Electrified Vehicles in China by 2020
Apr 27, 2018Toyota Motor is planning to introduce 10 new electrified vehicles for the Chinese market by the end of 2020. The company is showcasing the plug-in hybrid electric vehicle (PHEV) versions of its Corolla and Levin passenger cars at the ...
Tags: Toyota, Electrified Vehicles
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Volvo S90 Ambience Concept Connects to Three Senses Including Smell
Apr 27, 2018Volvo Cars has unveiled the S90 Ambience Concept, a car that connects with user's senses. The company cliams that the industry-first sensory experience will synchronize visuals, sound and scent to redefine in-car luxury. The S90 ...
Tags: Volvo Cars, Cars
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Hyundai Mobis to Test Self-Driving Car in US
Apr 24, 2018South Korean automotive supplier Hyundai Mobis said it will soon test its autonomous car model, named M.BILLY, in Michigan, US. The testing will be for level 3 and level 4 autonomous driving system development. The company currently has ...
Tags: Self-Driving Car, Hyundai Mobis
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Sonoco's Net Sales Increase 11.2% in Q1
Apr 24, 2018Sonoco has reported net sales of $1.30bn for the first quarter of 2018, an increase of 11.2%, compared to $1.17bn from the last year’s quarter. Gross profits for the period stood at $250.6m, an increase of 12.4%, compared to $223m ...
Tags: Sonoco, Converted Products
