As European buyers turn away from fuel-efficient diesel cars, and in a race to meet tighter emissions rules, Mercedes-Benz is accelerating its rollout of battery-powered autos. Three years earlier than a target announced at the Paris auto show in September, the world’s… Read More ›
Day: March 29, 2017
Warnings Of Brexit Impact Issued By European And Japanese Business Groups
Signalling their growing concern as the UK prepares to start the formal process of leaving the EU, overseas companies that invest in the UK issued a flurry of warnings on Tuesday about the threat Brexit poses to their businesses. A post-Brexit settlement… Read More ›
This deal is pregnant with potential for General Motors
One unit of General Motors has reached a deal with Terminal Puerto Rosario, a port operator, to import cars from Argentina. Its long term strategy is to capitalize on the accord to export cars from its nearby facilities.
Pentagon likely to award Lockheed Martin helicopter manufacturing contract worth $27 billion
The production of the CH-53K King Stallion helicopters will be carried out by Sikorsky, the company it acquired from United Technologies Corp. This is a major milestone for the company. An official from the U.S. Department of Defence has stated,… Read More ›
Britain to hand over Brexit letter today to EU’s council President Donald Tusk
Britain is set to trigger Brexit proceedings later today. Britain has formally begun the process of negotiating Britain’s exit from the European Union with British Prime Minister Theresa May handing over a signed letter to European Council President Donald Tusk… Read More ›