Canadian global automotive supplier Magna International has announced new management structure and financial reporting segments. The shift better aligns our global operations with our long-term strategy tied to the future of mobility. ...
Tags: automotive, roof systems, sealing systems
Beyond Meat has closed a new financing round led by Cleveland Avenue, a venture capital firm founded by Don Thompson, former CEO of McDonald’s Corporation. “We see Beyond Meat as a strategic and compelling consumer-focused ...
Tags: Tyson Foods, Beyond Meat
Hyundai Mobis said it will showcase its vision of the car of the future, as well as the technologies and innovations it is developing for it, at CES 2018 in Las Vegas. This will be the company’s third year at the world’s ...
Tags: Hyundai Mobis, CES 2018
LED chip, lamp and lighting fixture maker Cree Inc of Durham, NC, USA has announced commercial availability of the XLamp XD16 LED (claimed to be the industry’s first extreme density LED), which delivers up to 5 times higher lumen ...
Ford has outlined the next phase of its China expansion strategy, focused on SUVs, electric and connected vehicles, a streamlined business structure and closer connections to Chinese customers. Executive Chairman Bill Ford and CEO Jim ...
Global confectionary group, The Ferrero Group has completed its previously announced acquisition of Ferrara Candy Company from L Catterton through one of its affiliated companies. “We are pleased to complete this acquisition and ...
SodaStream International has launched its limited edition line, 'Sparkling Gold,' a fine alcoholic concentrate to be added to sparkling water. This sparkling tangy tongue pleaser, resembling the taste of a fruity Riesling wine, is ...
Tags: sparkling water, wine
SPTS Technologies Ltd of Newport, Wales, UK (an Orbotech company that manufactures etch, PVD and CVD wafer processing solutions for the MEMS, advanced packaging, LED, high-speed RF on GaAs, and power management device markets) has won an ...
Tags: SPTS, GaN-on-SiC, LED
UK-based Environmental Services Association (ESA) has recommended the HM Treasury to work with Defra to increase recycling in the country. ESA is a trade association that represents the resource and waste management industry in the UK. ...
Tags: packaging, recycled material
Hormel Foods has merged its specialty foods segment into its grocery products segment. It will continue to be led by Luis Marconi, group vice president, Grocery Products. The primary focus of the segment is on delivering a strong branded ...
Tags: Hormel Foods, Grocery Products
Swedish auto-maker Volvo Cars has agreed to supply 24,000 autonomous cars to ride-sharing company Uber. Under the framework agreement, Volvo will provide Uber with its XC90 premium SUVs complete with autonomous driving technologies, from ...
Tags: Self-Driving Cars, Volvo, Uber
Zhejiang Geely, the Chinese automaker that owns Volvo, has agreed to acquire Terrafugia, a US-based startup company working on the development of a flying car. Terrafugia was founded in 2006 by five Massachusetts Institute of Technology ...
Paine Schwartz Partners has completed a strategic investment in Lyons Magnus, a developer and manufacturer of fruit and flavor solutions for the foodservice, healthcare and dairy industries. Financial terms of the transaction were not ...
Tags: packaging
French automaker Groupe PSA has signed a joint venture (JV) agreement with three Algerian partners to build cars in the North African country. The Algerian partners include Condor Electronics, Palpa Pro and Entreprise Nationale de ...
Tags: Algerian Market, PSA, Cars
Samsung Electronics Co Ltd of Seoul, South Korea has launched the ‘D-series Special Color’ family of chip-on-board (CoB) LED lighting packages, which are engineered to bring out the most desirable color tones of objects whose ...
Tags: Samsung, LED Packages