UK-based packaging firm RPC Group has signed an agreement to acquire Letica, a US-based manufacturer rigid plastic packaging and foodservice products, for $640m. Letica is engaged in manufacturing rigid plastic packaging and foodservice ...
Tags: packaging, RPC Group, rigid plastic
Volkswagen has launched a new subsidiary designed to oversee $2bn in investments to promote zero-emission vehicles in the US. The new company, Electrify America, will be based in Reston, Virginia. It will invest in the construction and ...
Tags: Volkswagen, Zero-Emission Vehicles
The European Commission has presented guidance for member states to crack down on automakers violating diesel emissions regulations. The guidance will help member states assess if car manufacturers use defeat devices or other strategies ...
Tags: Automakers, diesel emissions
China's moves to further ease foreign investment policies will open doors in some monopoly sectors this year while prohibiting local governments from curbing foreign companies, experts said. Their comments came after the State Council ...
China’s insurance regulator on Tuesday announced a ban on insurers acquiring listed firms in concert with non-insurance parties, in a latest move to limit insurance assets invested in equity markets. According to new rules set by ...
FCA US said that it will invest a total of $1bn in plants in Michigan and Ohio, which will add 2000 new jobs. Consistent and combined with previously announced investments, FCA US is further demonstrating its commitment to strengthening ...
Volkswagen is nearing a $4.3bn settlement with the US regulators that would include pleading guilty to several criminal charges in the diesel emissions scandal. The company is in advanced discussions with the USDepartment of Justice and ...
Tags: Volkswagen, Diesel Emissions
Shell has signed an agreement with Viva Energy Australia Pty Ltd (“Viva Energy”) for the sale of Shell Aviation Australia Pty Ltd for a total transaction value of approximately $250 million USD. It follows the sale of ...
Volkswagen has agreed to recall an additional 83,000 vehicles and pay $250m to partially settle claims related to its emissions cheating scandal. The company signed an agreement with the US Department of Justice (DOJ) on behalf of the ...
Tags: Volkswagen, Vehicles
Chinese mapping company NavInfo and internet services group Tencent, along with Singapore wealth fund GIC have announced plans to acquire 10% stake in HERE. HERE is a German-based open location platform company owned by automotive majors ...
Apple is reportedly putting together a fleet of drones to take to the skies in order to improve its Maps service, Bloomberg reported. The drones will be used to examine street signs, track changes in road layouts and update the database ...
Tags: Apple, Maps service
Corbion has secured patent in Europe for new method to produce aqueous potassium lactate solutions. The new method is said to provide flavor, concentration and quality advantages over traditional methods. Aqueous potassium lactate (KL) ...
Tags: Corbion, potassium lactate
The European Commission is taking legal action against seven member states, including the UK, for failing to properly regulate car emissions, after the Volkswagen emissions scandal. The Commission opened infringement procedures against ...
Tags: Car Emissions, EU vehicle
Asahi Group has agreed to acquire a group of Eastern European beer brands from Anheuser-Busch InBev (AB InBev) for €7.3bn. As per the deal, the Japanese beverage giant will purchase the beer brands and their operations in Czech ...
Tags: European Beer, Asahi Group
US-based agricultural company Monsanto has secured an approval from its shareholders to merge its business with a subsidiary of German pharmaceutical company Bayer for $66bn. As per the terms of the merger deal, the shareowners will be ...
Tags: Monsanto, Merger Deal