The proposed project of Garments Industrial Zone to be set up in Pakistan’s Punjab province has been renamed as Punjab Apparel Park. Nodding to the proposal for name change during a high level meeting, Punjab Chief Minister ...
Audi has announced the details of its five-year investment plan, which will see the Ingolstadt car maker spend 22 billion euros ($33.6 billion) on new models, vehicle innovations, and a growing global production network. Audi also ...
Tags: Audi, Ingolstadt car
Daimler Trucks is about to reach its sales target for 2013 and to deliver more trucks than in any year since 2006. Despite having to contend with a comparatively difficult market environment, the world’s leading commercial vehicle ...
Tags: transportation
German automaker Daimler has entered into a equity collar agreement with Tesla Motors, a US-based manufacturer of electric vehicles and electric vehicle powertrain components. As per the agreed terms, Daimler, which already has 4% in ...
Tags: Tesla Motors, Daimler
The BMW Group reported record monthly sales for November. With 174,996 BMW, MINI and Rolls-Royce vehicles delivered worldwide, sales were 2.7% higher than for the same month last year (prev. yr.: 170,461). Between January and November ...
Tags: BMW, monthly sales
AUDI AG has delivered around 132,050 cars to customers worldwide in November, 6.8 percent more than a year ago. Especially in China (+17.9 percent), the UK (+13.6 percent) and the U.S. (+13.0 percent), the premium manufacturer posted ...
Tags: Audi, November Sales
The Audi Q1 will be the next SUV to join the luxury German car maker's line-up, the company's boss announced overnight. Audi AG chairman of the board of management Rupert Stadler finally confirmed production of the subcompact Q1 SUV will ...
Tags: Audi Q1, Subcompact SUV, Car News
German automaker Audi is set to expand its Q model family with the launch of a new model, the Q1, which will be rolled off the assembly lines in Ingolstadt, Germany as of 2016. The Q family currently comprises the Audi Q3, RS Q3, Q5, SQ5 ...
The Mercedes-Benz GLA45 AMG concept has been unveiled at the Los Angeles auto show, previewing the production crossover expected next year. A high-performance concept version of the GLA revealed in August, the Mercedes-Benz GLA45 AMG ...
German automaker Daimler has acquired a 12% stake in its Chinese partner BAIC Motor, the passenger car unit of Beijing Automotive Group (BAIC Group). This transaction marks the first investment by a non-Chinese automotive company in a ...
Tags: Daimler, Chinese BAIC Motor
TÜV SÜD, a leading global inspection, testing and certification provider, has launched its new testing center in Xiamen. Dr. -Ing. Axel Stepken, Chairman of the Board of Management of TÜV SÜD AG, and Mr. Dirk von Wahl, ...
Tags: TUV SUD, global inspection
Specialty Chemicals Company LANXESS has completed the expansion of its cresol production plant in Leverkusen, Germany, and has now begun operating a newly constructed reaction system as well as a second 46-meter-high distillation column. ...
Tags: Cresol Production, Textile
Worldwide demand for BMW Group vehicles continues to develop positively. The company reported record monthly sales once again in October. With 165,851 (prev. yr.: 157,621) BMW, MINI and Rolls-Royce vehicles delivered worldwide, sales were ...
In an economic environment marked by continuing uncertainty, specialty chemicals Group LANXESS has narrowed its guidance range for the full year 2013: EBITDA pre exceptionals is expected to be between EUR 710 million and EUR 760 million, ...
AkzoNobel has expanded its presence in the Middle East after acquiring a 50 percent stake and management control of Sadolin Paints Oman SAOC, which employs around 150 people. The company has signed a joint venture agreement with Omar ...