China's truck manufacturers are keeping their eyes on international markets and on production upgrading as ways to deal with the industry's severe overcapacity. "The level of globalization will decide the future of our company", said Ma ...
Tags: high-end markets, truck
For fiscal third-quarter 2016 (to end-May), LED chip and component maker SemiLEDs Corp of Hsinchu, Taiwan has reported revenue of $2.38m (slightly below the expected $2.4-3m), down 18% on $2.92m last quarter and down 47% on $3.5m a year ...
US-based private equity firm KKR has committed to invest INR520 crore in India’s dairy company Kwality to support is growth plans. Kwality will utilise the funds for capital expenditure purposes to further strengthen its milk ...
Tags: INR520 Crore, private equity
Flavours Place, an online marketplace selling coffee and tea collections, will now allow users to buy exotic coffee and tea blends directly from farms using Bitcoin. Flavours Place is dedicated to all the coffee and tea lovers and ...
Hilton Food Group has signed an agreement with ModeloContinenteHipermercados (Sonae) to co-operate for the supply of retail packaged fresh meat into Sonae stores in Portugal. Under the terms of the agreement, Hilton will work with Sonae ...
Tags: fresh meat, food retailer
LeddarTech unveiled key insights about its LeddarCore IC roadmap, which can enable low-cost, high-performance solid-state LiDARs for multiple automotive safety applications—from ADAS to autonomous driving. During the Sensors EXPO ...
Tags: Autonomous Driving, LeddarCore ICs
Automotive and energy storage firm Tesla Motors has offered to acquire SolarCity for about $2.86bn. Tesla Motors CEO Elon Musk is the major shareholder in both the companies with 19% in Tesla and 22% in SolarCity. The company is ...
Tags: Tesla Motors, electric vehicles
Tokyo-based Solar Frontier – the largest manufacturer of CIS (copper indium selenium) thin-film photovoltaic (PV) solar modules – has provided its CIS solar panels for a 'solar sharing' experiment on Sado Island, Niigata ...
Tags: Solar Frontier-CIS, thin-film, PV modules
The diamond industry is waking up to a new reality. Not only are the banks insisting on stricter compliance standards and pipeline integrity, but the largest mining companies and jewelry retailers are rapidly following suit. This is forcing ...
Tags: diamond industry, diamond
German automaker Volkswagen has invested $300m in Israeli ride hailing provider, Gett, which competes with Uber, Lyft, and Didi Chuxing. Volkswagen's investment comes months after General Motors injected $500m into privately held American ...
Tags: Volkswagen, automaker
UK-based Riversimple has unveiled two new models as continuation to its Rasa hydrogen fuel cell vehicle. The new models were announced at the London Motor Show. One is a four-seater car and the other a van. Rasa is claimed to offer ...
Red Gold, whose mission is to produce the world’s freshest, best tasting tomato products, has maintained a steadfast commitment to the values first set by its founders 74 years ago to do the right thing – by its employees, ...
Tags: Clean Label Movement, Red Gold
Olam International and Mitsubishi Corporation (MC) have formed a joint venture called MC Agri Alliance (MCAA) in Japan for the supply of agricultural and food products. The joint venture will import and distribute coffee, cocoa, ...
Tags: Olam, Mitsubishi, MCAA
Jaguar Land Rover (JLR) has launched a wholly owned technology startup named as InMotion, to build apps and develop on-demand services to overcome travel and transport issues. The startup will begin real-time testing of services such as ...
BMW has launched a new car-sharing service in Seattle called, “ReachNow”, similar to its European service, “DriveNow”. With this service, US customers will be able to choose from a range of services from bespoke ...
Tags: Car-Sharing Service, BMW