US automotive giant Ford Motor is planning to shift the production of Focus small cars and C-Max hybrid vehicles from its Michigan Assembly Plant near Detroit in 2018, to outside US. Even though the automobile major has not disclosed the ...
Tags: automobile, Ford Motor, auto parts, C-Max hybrid vehicles
Sealed Air Corp, the maker of the original Bubble Wrap, last week announced it would roll out a new, ‘unpoppable’ version of its signature product. The Wall Street Journal (WSJ) reports the new bubbles look like traditional ...
US-based firm Sealed Air is launching a non-popping variant of Bubble Wrap plastic packaging material. Bubble Wrap contain pockets of trapped air for cushioning fragile items during transit. The new iBubble Wrap is being developed to ...
Tags: Bubble Wrap packaging, plastic products packaging, packaging machine
Coca-Cola Enterprises is planning to reduce 10% of calories per litre across its portfolio by 2020 in an effort to address thdbe growing obesity problem in the US. The company is also planning to reduce carbon footprint of its business by ...
Tags: Coca-Cola, renewable materials
Tesla Motors is planning to modify its electric cars to meet China’s charging standards, in order to boost sales in the country by eliminating concerns over its technology incompatibility. A national charging standard is being ...
Tags: Tesla, Electric Cars
Grupo Modelo, an arm of beverage major Belgium-based Anheuser-Busch InBev, will pump in $325m in two plants in Yucatan, Mexico, including an aluminum beer-can unit. The cans manufactured at the new unit will replace those being currently ...
Tags: Grupo Modelo, Packaging
Genesco Inc. reported earnings slid 29.3 percent in its first quarter to $9.9 million, or 42 cents a share. Earnings, adjusted for one-time gains and costs, were 51 cents per share, falling well short of Wall Street's consensus estimate of ...
Tags: Genesco, Wall Street Targets
Athletic footwear maker Skechers has cited reports in The Wall Street Journal and Money.com that said the company has moved ahead of competing footwear brands Adidas, New Balance and Asics to secure the number two brand share position in ...
Tags: Adidas, Athletic footwear
Automobile maker Honda has recalled additional 4.89 million vehicles over safety crisis brought on by faulty airbags made by its Japanese supplier Takata. The latest recall includes those in Japan and other countries. The cars sold in ...
Tags: Faulty Airbags, safety crisis, Honda
The new iPhone sales in China outpaced those in the US for the first time, helped by the Chinese Lunar New Year celebration and it boost Apple's profits in Q1. Apple Inc beat Wall Street's revenue and profit forecasts on Monday on the back ...
Tags: iPhone 6, Apple Watch
General Motors (GM) and SAIC Motor’s joint venture, Shanghai GM is planning to invest CNY100bn ($16bn) over the next five years, to develop new vehicles. The automaker intends to develop ten new or upgraded models each year until ...
Tags: General Motors, SAIC Motor, new vehicles
After acquiring a stake in a U.S. medical device firm last year, the world’s biggest electronics manufacturer is in now talks with another medtech company. Brian Buntz Foxconn is now making components for the ViSi Mobile device ...
Tags: Medtech Market, iPhone Assembler
The French government will increase its stake in vehicle manufacturer Renault to 19.7% from the existing 15% with an investment of around €1.23bn. French industry ministry said that the government has purchased 9.6 million Renault ...
Tags: French government, Renault
Nestlé is all set to unveil more flavored versions of its sparkling waters, as part of its strategy to tap the growing consumer wariness toward both sugary and diet sodas. The Vevey-based beverge giant will release a green-apple ...
Tags: Nestle, Sparkling Water
Berkshire Hathaway has signed a deal to acquire 8.7% stake in Axalta Coating Systems from Carlyle Group for $560m. Under the stock purchase agreement, Berkshire Hathaway will purchase 20 million Axalta's common shares at $28 each. The ...