BMW has signed a memorandum of understanding (MoU) to join Baidu’s open autonomous driving platform Apollo as a board member. Both the firms plan to work together to bring safe and intelligent mobility experiences for Chinese ...
Tags: BMW, Autonomous Driving
Ford Motor has decided to relocate its autonomous and electric vehicle business to Detroit, US. The company is moving its autonomous and electric vehicle business and strategy teams to the recently renovated industrial complex called The ...
Tags: Ford, Electric Vehicle
Tokyo-based Mitsubishi Electric Corp has agreed to acquire the Mitsubishi Electric power device sales business currently handled by Powerex Inc of Youngwood, PA, USA (a 50:50 joint venture between Mitsubishi Electric and General Electric), ...
Tags: Mitsubishi Electric, Power Device
Lighting firm Osram GmbH and automotive technology firm Continental AG in Germany are to establish a Munich-registered 50:50 joint venture Osram Continental GmbH combining lighting technology with electronics and software to develop, ...
Tags: Osram, Automotive, LED lighting
Arla Foods has decided to sell its 8% share in Brazilian dairy company Vigor with immediate effect following a change in ownership of the latter. Brazil’s leading dairy company Vigor S.A. (“Vigor”) has been sold by ...
Tags: Arla Foods, dairy
Canada-based Agropur Cooperative has signed an agreement with Agrifoods to acquire Ultima Foods. Ultima Foods was a 50-50 joint venture by two of Canada’s leading cooperatives; Agrifoods and Agropur. With more than 40 years of ...
Tags: Ultima Foods, Agropur
American auto-giant Ford and Chinese automaker Anhui Zotye Automobile have signed a memorandum of understanding (MOU) to form a 50: 50 joint venture to develop, produce and market all-electric vehicles (EVs). Electric vehicles produced ...
Tags: Automobile, electrified vehicles
US-based meat-processing company Smithfield Foods has acquired Kansas City Sausage for an undisclosed price to grow its packaged meats business and boost its supply chain. Kansas City Sausage is a pre-rigor sausage producer and processor ...
Tags: Smithfield Foods, meat
Total Corbion PLA said it will showcase new biobased packaging solutions at Interpack 2017 event in Germany. The company will exhibit several partner applications in packaging and serviceware based on Luminy Poly Lactic Acid (PLA) resins. ...
Tags: Interpack 2017, Biobased Packaging
The PSA Group and the CK Birla Group have sign joint-venture (JV) agreements to produce and sell vehicles and components in India by 2020. The ceremony of signature lays the foundation for a long term partnership between the two Groups ...
Tags: PSA Group, CK Birla Group
Hilton Food Group has entered into an agreement with Sonae Modelo Continente to form a 50/50 joint venture for the supply of packaged meat products to Sonae stores in Portugal. The joint venture will supply a range of packaged beef, lamb, ...
Tags: Hilton, Meat Products
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 ...
Bow Board members have unanimously recommended shareholders vote in favour of the offer, in the absence of a superior proposal and subject to an independent expert concluding that the offer is in the best interests of Bow shareholders. The ...
It is anticipated the acquisition agreement with Bow Energy will be implemented on 11 January 2012, subject to Australian court approval at a final hearing scheduled for 22 December 2011. Australian and Chinese regulators have already ...
Tags: Bow Energy, acquisition agreement, Arrow
Dean Foods has partnered with an independent farmer cooperative CROPP to set up a joint venture to strengthen Organic Valley milk brand. Through Dean Foods' processing plants and refrigerated direct store delivery (DSD) distribution ...
Tags: Dean Foods, Organic Valley Milk