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Hyundai Exhibits Self-Driving Fuel Cell Electric Vehicle
Feb 8, 2018Hyundai has showcased what it claims to be the world's first self-driven fuel cell electric Vehicle. A fleet of Hyundai Motor Company’s next generation fuel cell electric cars have succeeded in completing a self-driven 190 ...
Tags: Hyundai, Electric Vehicle
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Nestle to Sell US Confectionery Business to Ferrero for $2.8bn
Jan 18, 2018Nestlé has agreed to sell its US confectionery business, made up of more than 20 brands, to Italian confectionery giant Ferrero for $2.8bn. The confectionery business of Nestle in the US makes up about 3% of US Nestle Group sales. ...
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Marchesini to Launch New Dumek Machinery Products for Cosmetic Packaging Market
Jul 13, 2017Marchesini Group is set to launch new Dumek brand for cosmetic packaging market at the Pack Expo Las Vegas in the US. The event will take place from 25 to 27 September. Dumek is the firm’s new brand, which manufactures processing ...
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Renault, Sanef Partner on Road Safety of Autonomous Vehicles
Jul 12, 2017Groupe Renault and Société des Autoroutes du Nord et de l'Est de la France (Sanef) have partnered to develop advanced solutions for autonomous vehicles. The cooperation will develop communications between self-driving ...
Tags: Renault, Autonomous Vehicles
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Nestle Exploring Sale of US Confectionery Business
Jun 19, 2017Nestlé 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 ...
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Truck Industry Plans to Introduce Semi-Automated Vehicles by 2023 Across Europe
May 11, 2017Truck manufacturers in Europe have revealed plans to introduce convoys of semi-automated trucks on European motorways before 2025. Besides setting out the timing, the ‘EU Roadmap for Truck Platooning’ also provides guidance to ...
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Heavy-Duty Truck Going Electric and Expects Growth
May 9, 2017Sexy Tesla sports cars aren’t the only vehicles that deserve the battery treatment – drayage vehicles, school buses, garbage trucks and cargo haulers are also going electric. And the ranks of those medium- and heavy-duty ...
Tags: Heavy-Duty Truck, Truck
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Elon Musk's Boring New Idea Could Kill Traffic Forever
May 2, 2017Never short of a wacky idea, tech mogul Elon Musk has developed a revolutionary new way of skirting traffic. Musk’s latest brainwave involves building a network of underground tunnels that could be used to reduce congestion on the ...
Tags: Elon Musk, skirting traffic
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Barry Callebaut Completes Acquisition of Mondelez Facility in Belgium
Jan 5, 2017Belgian chocolate and cocoa products firm The Barry Callebaut Group has completed the acquisition of a chocolate production facility from Mondelēz International. The acquisition of the facility, which is located in Halle, Belgium, ...
Tags: Barry, chocolate, cocoa products
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Pace Brings a Podium for Toyota GAZOO Racing
Nov 24, 2016Toyota GAZOO Racing earned another podium finish after a strong performance in a closely-fought 6 Hours of Circuit of the Americas, the sixth round of the 2016 FIA World Endurance Championship (WEC). The #6 TS050 Hybrid of Stéphane ...
Tags: GAZOO Racing, Toyota
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SMC Reports Results for First Nine Months of 2016
Nov 15, 2016San Miguel Corporation (SMC) reported strong results for the first nine months of the year on the back of a strong third quarter and sustained growth across all its businesses. Operating income reached P73.2 billion, 24% higher than the ...
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Archer Daniels Acquires Specialty Pasta Maker Caterina Foods
Oct 11, 2016Global food processing company Archer Daniels Midland Company (ADM) has acquired the assets of Illinois based Caterina Foods for an undisclosed sum. Based in Lake Bluff in the US state of Illinois, Caterina Foods is a toll manufacturer of ...
Tags: ADM, Caterina Foods, acquisition
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Rio Wins Trash Hauling with Comlurb and Allison-Equipped Trucks
Aug 24, 2016BEIJING – Athletes and spectators aren’t seeing trash pile up at the venues where they are competing and cheering. Comlurb, Rio’s sanitation company, is using trucks equipped with Allison transmissions to efficiently ...
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Can India Tap Its Diamond Jewelry Potential?
Aug 15, 2016The India International Jewellery Show (IIJS), which took place in Mumbai this week, reflected a cautious local diamond and jewelry trade, even if sentiment was better than expected. Suppliers arrived with low expectations as a month-long ...
Tags: IIJS, Mumbai, diamond and jewelry trade, GJEPC, GST
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IMF Cuts 2016 Global Growth Forecast to 3.1%
Jul 20, 2016The International Monetary Fund (IMF) on Tuesday revised down its forecast for global growth in 2016 and 2017, due to the uncertainty surrounding Britain's exit from the European Union (Brexit). The IMF expects the global economy to grow ...
Tags: IMF, global growth
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