Automaker Ford Motor is targeting $10bn in incremental material cost reductions and lower engineering costs by $4bn from planned levels over the next five years. Ford’s newly appointed CEO and president Jim Hackett noted that the ...
Tags: Ford Motor, Ford
Led by China, the solar industry will grow at a CAGR of 8.3% – from 37.5 GWp (gigawatt peak) in 2013 to 65.6 GWp in 2019 – but emerging trade disputes involving the Asian giant, as much as global policies, cast a shadow over ...
Tags: solar industry, Market, X-Si
Samsung Electro-Mechanics (Samsung Electro), the component affiliate of Samsung, said Thursday that it saw a turnaround in operating profits during the October-December period on the back of expanded clients and favorable currency moves. ...
Germany based truck and trailer parts maker, Jost Group is planning to buy Mercedes-Benz TrailerAxleSystems from Daimler. Mercedes-Benz TrailerAxleSystems manufactures axles for commercial vehicles and it could complement Jost Group's ...
Tags: Jost Group, Daimler
Listed Japanese companies as a whole are expected to maintain profit growth in the fiscal year ending March 2015, but management, concerned by the recent sales tax hike and emerging-market slowdowns, have issued conservative earnings ...
Tags: Electrical, Electronics
Royal DSM, the global Life Sciences and Materials Sciences company, announced that together with DONG Energy (Denmark) it has demonstrated the combined fermentation of C6 and C5 sugars from wheat straw on an industrial scale. The combined ...
Global marketing services firm HH Global has launched a new peelable lidding film solution for ready meals, named Lidd. The new patented film solution, developed by a collaboration of HH Global and Parkside Flexibles (Europe), phases ...
Tags: Ready Meals, Lidding Film Solution
Greif Packaging, a subsidiary of global packaging firm Greif, plans to invest $45 million for upgrades to its semi-chemical medium machine in Amherst County mill in Riverville, Virginia. Work on the project will include technological ...
Tags: Greif Packaging, Virginia Mill
With continual falls in large sized backlight LED TV prices, penetration rates for direct-view type LED TV (aka Chubby TV) is expected to grow in 2014. EMC lead frame drivers have advantages in 1-3W power range, and is expected to lead the ...
Tags: LED Packagers, PCT Package
Barnes & Noble returned to a profit in the fiscal second quarter as it invested less in its Nook e-book reader and cost cuts offset lower sales. Its sales missed expectations, however, and its shares dropped more than 3 percent in ...
Nokia has announced an increase in sales of its Lumia Windows Phone devices to 8.8 million units and posted a surprise €118m profit for its third quarter. However, Nokia's re-acquaintance with profitability was largely due to savage ...
Tags: Computer Products, nokia, smartphone
Reportedly, the mining giant Rio Tinto hit a five-month high amid speculation that the miner was moving closer to selling its Alcan aluminum division. Rio Tinto’s management was now focused on understanding the business. While ...
German automaker Daimler is planning to trim down its spending on information technology (IT) by EUR150m each year by 2016. Daimler is reportedly facing problems to counterpart its opponents' scale and efficiency in smaller car models, in ...
Tags: Daimler, Auto Parts
Swiss-based special steel producer and distributor Schmolz+Bickenbach has announced its financial results for the first quarter of 2013, reporting a net loss for the period. In the first quarter, Schmolz+Bickenbach registered a net loss ...
Tags: Schmolz+Bickenbach, Net Loss, Q1
The world's largest steelmaker Luxembourg-based ArcelorMittal has announced that it is targeting cost cuts of $3 billion by the end of 2015. As of March this year, the company had achieved $200 million in cost improvements. According to ...
Tags: Arcelormittal, Mineral