Swedish truck-maker Volvo AB said it is more than doubling planned job cuts to 4,400 as its fourth-quarter operating income dropped 17%to 996 million kronor($180.1 million). Sales in the fourth quarter rose 8%to 76.6 billion kronor($13.9 ...
Tags: Volvo, truck division, truck
The fourth-largest energy consumer in the world is starting to make some noise on the renewables front.India,with its growing population and GDP,has announced plans to build a massive 4-gigawatt solar photovoltaic plant near Sambhar ...
Shares in China Shipbuilding Industry Company Limited jumped more than 16 percent on Monday compared with its opening price on Jan. 20, following good performance expectations and the approved non-public offering plans for A shares. China ...
Prices of copper – the bedrock industrial metal and a benchmark for gauging the strength of the global economy – are likely to soften further in the coming year as production growth is expected to exceed that of consumption. ...
Tags: Softer Copper, Industrial Metal
Oerlikon Leybold Vacuum has at the beginning of this year moved into its new, modern lean logistics centre at the Cologne site. Designed by planning company Dr. Schönheit + Partner, the building was erected by construction company ...
Tags: Vacuum, logistics hub, Vacuum Project
German autoparts maker Continental has entered into an agreement with The Carlyle Group to acquire US-based Veyance Technologies, which operates in operates rubber and plastics technology business, for EUR1.4bn. Veyance Technologies, ...
Tags: Continental, Auto Parts
The Fleurette Group announces a further financial commitment of $1.5 million for 2014 to Kitoko Food, bringing the total investment made by Fleurette in the project to $14 million since it was established in June 2012. Kitoko Food is an ...
Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India today unveiled its Mid-size Stylish MPV Honda Mobilio and the all-new, 3rd generation Honda Jazz at the 12th Auto Expo in presence of Mr Takanobu Ito, President and ...
Tags: Jazz Vehicles, Honda
General Motors Co. (NYSE: GM) dealers delivered 171,486 vehicles in the United States in January 2014. Retail sales were down 10 percent year over year, although retail deliveries of passenger cars were up slightly. Fleet deliveries ...
Tags: General Motors, Auto Parts
Volkswagen of America, Inc. (VWoA) today reported 23,494 units delivered in January. "With our planned wind down of models in run-out, our January sales results were expectedly impacted," said Mark Barnes, Vice President, Sales, ...
Tags: Volkswagen of America, Volkswagen
(Phys.org)—A team of researchers in Canada has found a way around the problem of large nanostructures that are used to combat tumors,remaining in the body after they are no longer needed.In their paper published in the journal Nature ...
Tags: Decomposable Nanostructures, cancer, tumor
Norway's Statoil on Friday postponed its 2020 output guidance of 2.5 million barrels/day of oil equivalent by up to four years, as it reported a fall in fourth quarter output and an 8% cut in planned investment to $20 billion/year for the ...
Tags: Norway's Statoil, Mineral
Teva Pharmaceutical Industries and Active Biotech have announced that both companies remain committed to the Nerventra(laquinimod)clinical development program for multiple sclerosis(MS)following the announcement of a negative opinion for ...
Tags: Medicine, clinical studies, Nerventra
Branch Manager of Los Angeles: Chuck McCombs has been in the electrical wholesale industry for the past 30 years and each one of those years was spent at Main Electric. Having started out in the warehouse, Chuck jokes he has done ...
Tags: Electric
The Ugandan government has signed a long awaited deal with UK-based Tullow Oil, Total and China National Offshore Oil Corp, to develop its oil sector, paving the way for the country's first commercial crude production. The pact details ...
Tags: Oil Development, Mineral