Volkswagen said it will launch a new electric vehicle (EV) virtually every month from 2019, as the company seeks to expand production of Evs globally on a massive scale. The German automaker, which wants to accelerate the Roadmap E ...
Tags: Volkswagen, electric vehicle
The Distilled Spirits Council reported that spirits experienced record sales in the US in 2017, hitting $26.2bn. The Distilled Spirits Council reported at its annual economic briefing record spirits sales and volumes in addition to ...
Tags: Distilled Spirits, beverage
McLaren Automotive has debuted new convertible Sports Series model, the 570S Spider, at Goodwood Festival of Speed in the UK. The 570S Spider is powered by 3.8 litre V8 twin-turbocharged engine connected to a seven-speed gearbox, that ...
Tags: McLaren, Automotive
Nestlé is considering a sale of its US confectionery business, which includes brands such as Butterfinger, Baby Ruth and Crunch chocolate bars. The food and beverage giant is exploring strategic options, which would pertain to only ...
Cosmo Films Limited, a leading global player in speciality films for packaging, labeling and lamination applications, has announced its results for the fourth quarter and the annual financial results for the year ending on 31st March 2017. ...
Tags: Cosmo Films, packaging
Chinese dairy firm Inner Mongolia Yili Industrial Group is preparing an $850m bid to acquire US organic yogurt business, Stonyfield, from Danone. In a statement to the Shanghai stock exchange, Yili Group mentioned that the bid for 100% of ...
Canada-based High Liner Foods has agreed to acquire Rubicon Resources, an American seafood importer, for about $107m in a cash-cum-stock deal. Rubicon primarily imports frozen shrimp products that are sustainably sourced and distributes ...
Tags: High Liner Foods, Shrimp
UK consumers goods company Reckitt Benckiser is weighing strategic options for its food business to help pay down debt after its planned $16.6bn purchase of Mead Johnson. The company is mulling over all options for the food business, ...
Tags: Reckitt Benckiser, Food Business
British-Dutch multinational company Unilever is reportedly planning to divest certain food brands from its consumer goods portfolio for £6bn. Flora margarine spread and Stork butter brands are among the brands that are likely to be ...
Tags: Unilever, food brands
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 ...
As one of the auto manufacturer firstly located in Changsha economy and development district, FOTON Changsha plant has produced 800 thousand vehicles since 1999, accumulating sales revenue of 40 billion Yuan, realized the super development ...
Spanish food company Ebro Foods has announced the merger of its three US rice and pasta companies in a bid to become a major player in the two segments in the country. The companies to be merged, with effective from 1 January 2017, are ...
Tags: Ebro Foods, Rice, Pasta
From the "daily economic news" reported yesterday, the Supreme People's Court (hereinafter referred to as the supreme law) to determine the 3 "Jordan" trademark infringement, yesterday, Jordan sports is also the first time to respond to ...
French alcoholic beverage firm Remy Cointreau has reported a 2.5% increase in its net sales to €513.4m for the first half of this year, compared to €500.7m for the same period in 2015. Operating profits surged 15.9% to ...
Tags: alcoholic beverage, Remy Cointreau
Detroit-based auto-parts maker American Axle & Manufacturing (AAM) has agreed to acquire Metaldyne Performance Group (MPG) in a transaction worth about $3.3bn. MPG provides lightweight components for use in powertrain and suspension ...
Tags: American Axle, Metaldyne