The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Brakes, the largest UK food distributor, by Sysco, the largest US food distributor. The Commission found that the takeover would not adversely ...
Tesla Motors said it will sell about $1.7bn of common stock to fund the production of the newly announced Model 3 car, which is scheduled to hit the market in late 2017. The Model 3 achieves 215 miles of range per charge while starting at ...
Tags: Tesla Motors, Model 3 car
LED chip, lamp and lighting fixture maker Cree Inc of Durham, NC, USA has launched the 20,784 lumen CPY-20L LED canopy luminaire. Delivering luminous efficiency of 143 LPW (lumens per Watt) at 5700K, the newest Cree CPY Series LED product ...
Tags: Cree LEDs, LED Canopy Luminaire
Powertrain components supplier Dana is planning to invest about $70m in a new axle manufacturing facility in Toledo, Ohio, US. The company aims to expand a recently built 100,000 square foot facility on the property to about 300,000 ...
Tags: Powertrain, Dana
Performance Sports Group Ltd. swung to a net loss in the fiscal third quarter ended February 29 as expected due to a precipitous drop in baseball and softball sales, retail bankruptcies and the impact of currency exchange rates on its ...
Until May 31, 2016, Chevrolet, Buick and GMC will have their military discount programs for all 21 million U.S. military veterans and their spouses, in honor of National Military Appreciation Month. GM vice president of U.S. sales and ...
Tags: Chevrolet, Buick, GMC, Military Discounts, National Appreciation Month
Tesla Motors has unveiled the much-anticipated Model 3 sedan for a starting price of $35,000 and plans to deliver the car to the masses by the end of 2017. Tesla CEO Elon Musk said that the car can pick up a speed of 0-60MPH in less than ...
Tags: Tesla, Model 3 sedan, Elon Musk
The US Senate has stalled a bill which would have eliminated state by state laws requiring food manufacturers to label products made with genetically modified organisms (GMOs), ahead of Vermont’s law coming into effect from July. ...
Tags: US Senate, GMO, Food manufactures, Label products
REI reported sales reached a record $2.4 billion in 2015 after a second consecutive year of nearly double-digit growth. Sales increased 9.3 percent from $2.2 billion in 2014, or 11 percent when adjusting for an extra 53-week of sales ...
China's largest new energy car maker BYD has reported surging profit growth in 2015, with demand rising as authorities introduced policy support for green vehicles. BYD raked in 80 billion yuan (12.24 billion U.S. dollars) in revenue last ...
Tags: New Energy Car, EV
The state of Ontario, Canada has hiked the incentives for electric vehicles to a maximum of $14,000, making it attractive for car buyers. As per the new program, the incentive has been increased for electric vehicles from $5000 to $8,000 ...
Tags: Electric Vehicles, Incentives
Tesla has confirmed that it will unveil its Model 3 on 31st March 31 and is scheduled for production and delivery in 2017. Model 3 will be s priced at $35,000. Tesla CEO, Elon Musk in one of his tweets back in Sep, 2015 revealed that ...
House prices in the UK will see an average increase of 6% over the course of next year, according to the RICS housing forecast for 2016. With house prices predicted to rise across the whole of the UK in 2016, East Anglia is continuing the ...
Tags: UK House Prices
A slew of factors is persuading companies to expand abroad to access the global market Rising costs and steep anti-dumping duties in the United States and Europe, coupled with a desire to expand overseas, are increasingly driving major ...
Tags: Solar Panel, Solar Energy Products
The fuel consumption standard of light commercial vehicles will be lowered from 2018 to improve energy efficiency of new vehicles, authorities announced on Wednesday. The revised standard specifies 64 fuel consumption limits for light ...
Tags: New Energy Vehicles, EV