Honda Motor and Hitachi Automotive Systems have signed a memorandum of understanding (MoU) to establish a joint venture company for developing, manufacturing and selling electric vehicle motors. The two companies now will conduct formal ...
Tags: Honda, Electric Vehicle Motors
Subaru of America will be unveiling the all the new midsize sedan, 2018 Legacy at the 2017 Chicago Auto Show on 9 February 2016. The new Legacy features revised styling and significant upgrades to comfort, safety, and multimedia ...
Tags: Subaru, Midsize Sedan, Chicago Auto Show
Daimler and Uber have entered into an agreement with an intent to cooperate on the supply and operation of autonomous vehicles. Under the terms of the cooperation Daimler plans to introduce self-driving vehicles also on Uber’s ...
Tags: Daimler, Self-Driving Vehicles
Crown Holdings announced its financial results for the fourth quarter and year ended 31 December 2016. Highlights Earnings per share $0.47 for the quarter; $3.56 full year versus $2.82 in 2015Adjusted earnings per share $0.71 for the ...
Tags: Crown, beverage can
Lear, which supplies automotive seating and electrical systems, has agreed to acquire Grupo Antolin's automotive seating business. Grupo Antolin's seating business is headquartered in France with sales and operations concentrated in 5 ...
Tags: Lear, Antolin's Automotive, Seating Business
UK-based consumer goods maker Unilever has made a commitment to ensure usage of 100% recyclable plastic packaging by 2025. Besides ensuring all of its plastic packaging is designed to be fully reusable, recyclable or compostable, the firm ...
Tags: Plastic Packaging, Unilever
China’s insurance regulator on Tuesday announced a ban on insurers acquiring listed firms in concert with non-insurance parties, in a latest move to limit insurance assets invested in equity markets. According to new rules set by ...
Niagara Bottling is set to invest around $95m to expand its operations in Box Elder County, Utah, US. The beverage bottling firm, along with the Economic Development Corporation of Utah (EDCUtah), has announced the expansion and capital ...
Tags: Niagara Bottling, beverage
FCA US said that it will invest a total of $1bn in plants in Michigan and Ohio, which will add 2000 new jobs. Consistent and combined with previously announced investments, FCA US is further demonstrating its commitment to strengthening ...
Nintendo Switch vs Wii U: What has Nintendo learnt from the Wii U? Read on to find out the biggest differences between the two Japanese titans. The Nintendo Wii U will probably be remembered for two things. Firstly, for ushering in HD ...
Tags: Nintendo Switch, Wii U
Stora Enso is set to invest around €9m into its consumer board mills in Finland and Sweden, as part of its efforts to commercialise microfibrillated cellulose (MFC) in paperboard packaging. The firm will invest in consumer board ...
Tags: Paperboard Packaging, Stora Enso
Muller Milk & Ingredients has confirmed that it will go ahead with plans to invest £60m to upgrade its network of fresh milk and ingredients dairies in Britain. The dairy network upgrade is expected to create nearly 160 jobs. As ...
Multivac Sepp Haggenmüller has acquired a 49.9% stake in meat equipment manufacturer TVI Entwicklung und Produktion based in Irschenberg, Germany for an undisclosed price. The German food packaging company, which has global ...
Tags: Multivac, Meat Equipment
Shell has signed an agreement with Viva Energy Australia Pty Ltd (“Viva Energy”) for the sale of Shell Aviation Australia Pty Ltd for a total transaction value of approximately $250 million USD. It follows the sale of ...
Linx Printing Technologies has selected packaging equipment supplier Multicheck as its distributor for Denmark. The deal allows Linx to expand its operations in the Scandinavian region. Multicheck will distribute the company's range of ...