The UK Government has unveiled £390m of funding to support the development of low emission vehicles and autonomous vehicles. The announcement was part of UK finance minister Philip Hammond's first budget speech in the Parliament. ...
Tags: Autonomous Vehicles, EV
Volkswagen has unveiled its Transform 2025+ strategy, further detailing the company's plans for the decade ahead. This plan aims to reduce the capex ratio and the development cost ratio to a competitive level in the next few years – ...
Tags: Volkswagen, Electric Car
Daimler Trucks North America (DTNA) held its biennial aftermarket conference ‘Evolution’ recently, with a focus on the company evolving to meet customer needs. The event is the only conference of its kind that includes all ...
Tags: Daimler Trucks, Customer Needs
Chinese-backed electric vehicle developer BYD America has launched the industry’s first all-electric, long-range electric garbage truck, a project jointly developed with Wayne Engineering, the Iowa-based refuse industry equipment ...
Tags: Electric Garbage Truck, BYD
Pritzker Group Private Capital has completed the acquisition of US-based flexible packaging company ProAmpac from private equity firm Wellspring Capital Management. Financial terms of the deal, which was signed in October 2016, were ...
Tags: flexible packaging, Pritzker
Toyota Motor Corporation announces the expansion of R&D facilities at Toyota Motor Engineering & Manufacturing (China) Co., Ltd., (TMEC). This is in accordance with the initial investment plan, which had been created at the time of the ...
Tags: Toyota, Facilities
Growing number of Chinese smartphone makers are raising investments in OLED panels, including BOE Technology Group and six other major local players have constructed new factories and invested in total more than 2 trillion Japanese Yen (US ...
Tags: OLED Market, LCD
Indian firm Prabhat Dairy has invested about INR140 crore ($21m) to establish new production lines for cheese at its Shrirampur facility in Ahmed Nagar. The company's cheese product portfolio includes mozzarella, cheddar, processed cheese ...
Tags: Prabhat Dairy, cheese
Antarctica Advisors, the Seafood Industry-focused advisory firm, acted as the investment banking advisor to Ocean Choice International ("OCI") in the CAD 240m ($177.6m) refinancing of its credit facilities with a syndicate of Canadian and ...
Tags: Antarctica, OCI
Russian meat producer Cherkizovo Group has started construction of a new $90m meat processing plant in the Moscow region. Expected to be the largest in the meat processing category in Europe once completed, the plant is located in Kashira ...
Tags: Cherkizovo, meat processing
In September, reports surfaced that Apple was in talks with car-maker McLaren concerning a possible takeover of the company by Tim Cook and co. It was also claimed that Apple was considering investing in the British supercar company if a ...
Toyota announced it will increase Tacoma's production by more than 60,000 trucks annually at its Baja California, Mexico facility in 2018. The increased volume will add approximately 400 jobs and inject about $150 million in new investment. ...
A recent study has revealed that the US craft spirits industry is increasing rapidly, with 1,315 craft distillers active as of August this year. The study, known as the Craft Spirits Data Project was presented at the Craft Spirits ...
Tags: Craft Spirits, distillers
Mercedes-Benz said it will manufacture the first production model of the new EQ product brand at its Bremen plant in Germany by the end of 2020. The production model will depend on the EQ show car – an electric vehicle with the ...
Tags: Mercedes-Benz, Electric Car
Finnish packaging firm Huhtamaki is planning to establish three new manufacturing units in a bid to boost its flexible packaging business. One of the three facilities is planned to be built in Cairo, Egypt while the other two units in ...
Tags: Huhtamaki, Flexible Packaging