US auto giant General Motors has agreed to sell its European operations to French automaker PSA Group for €2.2bn. PSA will buy Opel/Vauxhall automotive operations for €1.3bn, while GM Financial’s European operations will ...
Tags: General Motors, PSA Group, automotive
China's National Development and Reform Commission (NDRC) said Tuesday that it will not seek to lower coal output in large scale, even as it continues to rationalize supply. This is provided that prices remain in a reasonable boundary. ...
Tags: Coal Mines, Coal
Inflation across the 19-country euro area hit a four-year high of 2.0 percent in February thanks to soaring prices of energy, said Eurostat, the statistical agency of the European Union (EU) on Thursday. The latest inflation figure is ...
Tags: Eurozone Inflation, inflation
Morrisons is starting a search for the best local food producers who can help to feed the nation, as a new report calls for the UK to be more self-sufficient in food production and new consumer research shows an increasing appetite from ...
Tags: Food Producers, food
Advantis has unveiled plans to purchase an advanced and large machine from N2Pack, as part of its efforts to improve its operational efficiencies. Currently, the company is negotiating with N2Pack to acquire more advanced Amstercan ...
Tags: Packaging Machine, packaging
British-Dutch multinational consumer goods firm Unilever has rejected American food giant Kraft Heinz’s merger proposal worth $143bn. It is not yet sure whether Kraft Heinz will be looking to approach another target following its ...
US-based infant formula manufacturer Mead Johnson has agreed to acquire spray drying and finishing capabilities from Australian food group Bega Cheese for A$200m. The deal includes one of Bega Cheese's spray dryers at Tatura and an infant ...
Tags: Cheese, infant formula
Lear, which supplies automotive seating and electrical systems, has agreed to acquire Grupo Antolin's automotive seating business. Grupo Antolin's seating business is headquartered in France with sales and operations concentrated in 5 ...
Tags: Lear, Antolin's Automotive, Seating Business
The majority of Chinese people believe that home produced products have made great progress over the past decade, according to a survey conducted by China Youth Daily. In the survey of 2000 netizens, 65.1 percent of respondents say mobile ...
Tags: High-Tech Products, mobile phones
What would be your prediction for lighting in 10 years’ time? Majority of commercial members won’t be supplying commodity type luminaires but in order to prosper will need to adapt to the need for more specialist products or ...
Tags: Lighting Industry, Lighting
Mayors of Cities including San Francisco, Los Angeles, Portland, and Seattle have released the nation's first multi-city request to the automotive industry to increase the production of electric vehicles and help in tackling fuel and ...
Tags: Electric Vehicle, Automakers
The Toyota Prius c is now coming with the Toyota Safety Sense C (TSS-C) driver-assist technologies on all model grades. The TSS-C system, which had been an option on two Prius c grades for 2016, includes Pre-Collision System, Lane ...
The new STEM toy line will be available exclusively at Target. Spin Master is to team up with Rube Goldberg, Inc to produce a line of STEM toys, available exclusively under the Wonderology Science Brand at US retailer Target. The ...
Brainstorm has announced the latest addition to its Aqua Pets line with Aqua Dragons in Space. The exclusive limited edition range includes Aqua Dragon eggs that have been sent on a near space mission into the highest levels of the ...
Tags: Aqua Dragons, Brainstorm
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