Samsung Electronics has agreed to acquire US auto parts manufacturer Harman International Industries for about $8bn, in a bid to accelerate growth in automotive and connected technologies. The deal will give Samsung a significant presence ...
Tags: Samsung, Auto Parts
Samsung has acquired connected car tech firm Harman for $8 billion in what is the South Korean company's largest ever acquisition. Harman produces various types of connected technologies for vehicles, and Samsung, which relies heavily on ...
Tags: Samsung, Connected Car
The cocoa & chocolate business of Cargill has set up its own licensed buying company (LBC) after securing a licence from the Ghanaian Cocoa Board (Cocobod). The new LBC has started operations and Cargill purchased its initial consignment ...
ZF has established a company to invest in technology companies. Zukunft Ventures GmbH, headquartered in Friedrichshafen, opened its doors for business in September 2016. The new company’s mission is to identify and invest in companies ...
Tags: Zukunft Ventures
Advantis has delivered the first orders of Amstercan packaging to Natural Elements and has acquired new Amstercan customers. Advantis is aggressively marketing the Amstercan packaging process to California medical marijuana cooperatives, ...
China on Monday established a national fund for structural adjustment of state-owned enterprises (SOEs). The fund has an estimated capital of 350 billion yuan (around 50 billion U.S. dollars) and will mainly invest in programs including ...
Mattress and upholstery brand Mammoth has opened its first overseas stockist. Bennetts Bedrooms, based in the Algarve, Portugal, has started to stock Mammoth beds across its two stores following demand from customers. Paul Bennett, owner ...
Ebara Corp has set up a new company in Dammam, Saudi Arabia to manufacture, sell and service pumps in Saudi Arabia. Ebara Pumps Saudi Arabia LLC (EPS) will service and support customized pumps and manufacture and sell standard pumps. ...
Tags: Ebara, Saudi Arabia, pump
Hyundai Motor has established Project IONIQ Lab in South Korea for future mobility innovation through research and development. Project IONIQ Lab is part of Hyundai’s Project IONIQ, which itself is a long-term research and ...
Tags: Hyundai Motor, Geneva Motor Show
XL Hybrids has received approval from California Air Resources Board (CARB) for incentive vouchers for converting hybrid-electric vehicles to fleet vehicles. The approval for the first California Heavy Duty Voucher Incentive Project ...
Tags: XL Hybrids, Fleet Vehicles
The American Apparel & Footwear Association applauded President Barack Obama for signing the Frank R. Lautenberg Chemical Safety for the 21st Century Act (H.R. 2576). The AAFA-supported legislation, an update of the Toxic Substances ...
Tags: TSCA, AAFA, sustainable consumer products
On April 13, 2016, SF-EXPRESS and NAVECO signed special cooperation agreement in Beijing. Leaders of both companies attended the signing ceremony and delivered the speeches. They highly affirmed the cooperation of more than ten years, and ...
Tags: NAVECO, SF, Coperation
Volkswagen North American Region CEO Hinrich J. Woebcken along with Volkswagen passenger brand CEO Dr. Herbert Diess, have laid out a new strategy for Volkswagen North American Region. Volkswagen Passenger Cars Brand CEO Dr. Herbert Diess ...
Food processing equipment supplier SPX FLOW has set up a new innovation center in Shanghai, China, to help producers create innovative dairy products and beverages. The facility can test new product formulations to aid producers in ...
Ford has established Ford Smart Mobility, a subsidiary which will specifically design, build, grow and invest in emerging or future mobility technology. Jim Hackett, the former chairman and CEO of Steelcase has been appointed as the ...
Tags: Ford, Mobility technology, Jim Hackett