Packaging manufacturer Coveris has agreed to divest its Americas packaging business to Transcontinental (TC Transcontinental) in a deal worth $1.320bn. Coveris Americas, which is a subsidiary of Sun Capital Partners portfolio firm ...
Constantia Flexibles has completed the €1.15bn ($1.3bn) divestiture of its labels division to Ohio-based printing company Multi-Color Corporation following the receipt of regulatory authorities. As part of the deal, Constantia ...
Tags: Constantia Flexibles, labels
BMW’s UK subsidiary Mini will be showcasing its new electric concept at the upcoming International Motor Show (IAA) at Frankfurt, Germany this year. The new electric concept car has been designed to be an urban vehicle. It will ...
Tags: Electric Car, concept car
German automakers including Volkswagen, BMW and Daimler have agreed to upgrade more than 5 million newer diesel vehicles across Europe and to offer rebates for older models. The upgrades are expected to cut down pollution from diesel ...
Tags: automakers, Diesel Emissions
French automaker PSA Group (Groupe PSA) has completed the acquisition of General Motors' (GM) European brands Opel and Vauxhall. With the acquisition now being officially complete, PSA Group has become the second largest automaker in ...
Tags: PSA Group, General Motor
French-automaker PSA Group has received approval from the European Union antitrust authorities for the acquisition of Opel and Vauxhall brands from General Motors. Through the acquisition, PSA plans to make profitable growth not only in ...
Technology firm Continental has partnered with Chinese search-engine giant Baidu to work in the areas of automated driving, connected vehicles and intelligent mobility services. The two companies have signed a strategic cooperation ...
Tags: Connected Vehicles, Continental
Heineken has taken full control of Lagunitas Brewing after purchasing the Californian brewery's remaining 50% interest. Heineken, which initially purchased a 50% stake in Lagunitas in 2015, has not disclosed the the financial details of ...
Drinks giant Heineken reported an organic rise in beer volumes of 0.5% in Europe and 5.4% in Asia Pacific in the first quarter of this year. The increase in sales was unexpected for this year’s first quarter and it was more than the ...
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
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
Recently, ZC Rubber (Thailand) Company held the rolled-off ceremony of the first bias tire production line. The general manager, Chen Hua and nearly one hundred staff witnessed the moment together. In his speech, Chen Hua expressed that the ...
Tags: ZC Rubber, passenger car
Verso has announced strategic initiatives to reduce costs and improve its overall operating and financial performance. The US-based printing paper and specialty paper producer has deviced three strategic initiatives, which also includes ...
Tags: Verso, specialty paper units
Toyota has broken ground on Toyota Motor Manufacturing de Guanajuato (TMMGT), its fifteenth manufacturing facility in North America. TMMGT will produce Corolla, the top selling car in the world, beginning in 2019, and will employ ...
Tags: Toyota, Manufacturing Plant
GEFCO has secured a new €8bn contract to optimize PSA Group's entire worldwide manufacturing supply chain. The agreement reaffirms that GEFCO is the PSA Group’s leading supplier in Europe, number two worldwide. The agreement ...