German luxury automaker BMW will be investing EUR400m to expand its its FIZ research and innovation centre in Munich. The “FIZ Future” masterplan, which was developed as part of an urban development competition, will expand ...
Tags: BMW, luxury automaker
Bosch is planning to invest nearly EUR400m in the US over the course of the current year, about one-fifth more than in 2015. Bosch’s headcount is also expected to rise, from 17,800 associates at present to more than 18,800 by early ...
Volkswagen has secured a €400m loan from the Export Development Canada (EDC), to facilitate expansion of its operations in southern US and Mexico. The financing will allow the automotive giant to offer business opportunities to small ...
German carmaker Mercedes-Benz has opened its Beijing Benz Automotive (BBAC) engine plant to produce passenger-car engines in Beijing on 18 November 2013. The company commenced the construction of this plant in 2011 with EUR400m ...
Tags: Mercedes-Benz, BBAC Engine
Campbell Soup has completed the sale of its European simple meals business to a UK private equity firm CVC Capital Partners (CVC) for €400m. The sale includes Campbell's national brands of soups, sauces and simple meals, including ...
Tags: Campbell Soup, Food
The Renault-Nissan Alliance has unveiled a EUR400m second production line at its facility in Tangier, Morocco. The new line will increase the facility's output capacity to 340,000 vehicles a year, starting in 2014, making it the ...
Tags: Renault-Nissan
French automobile manufacturer Renault has received a loan of EUR400m from the European Investment Bank (EIB). The automaker is planning to invest the loan to complete the development of its third-generation car that will replace the ...
Tags: Renault, Investment Bank
French retail giant Carrefour has sold its Malaysian operations to Japanese giant Aeon. The sale, announced today (31 October), was made for an enterprise value of EUR250m (US$324.1m). The transaction, Carrefour said, is part of its ...
Tags: Carrefour, retail giant, Aeon, transaction
Renault-Nissan Alliance and AVTOVAZ have opened the new EUR400m car manufacturing plant in Togliatti, Russia. The company said that the Lada Largus multi-purpose van is the first car off the new line from the AVTOVAZ plant in Togliatti. ...
Tags: Renault-Nissan Alliance, AVTOVAZ, EUR400m car, multi-purpose van
The joint venture between Renault-Nissan alliance and Russian automaker AVTOVAZ has opened the new EUR400m vehicle production line in the Togliatti facility in Russia. The new 250,000m2 facility has a capacity to manufacture 350,000 cars ...
Tags: Togliatti, Russia, production facility
German luxury carmaker Mercedes Benz has started production of A-Class compact car at its Rastatt plant. According to the carmaker, the A-Class is its second model to be produced at the facility following the production of new B-Class ...
German automaker Diamler has signed an agreement with Finnish car manufacturer, Valmet Automotive to produce additional Mercedes-Benz A-Class compact cars to meet demand for the models. As per the agreement, Valmet will manufacture ...
Tags: Daimler, Valmet, Mercedes-Benz