According to a report from Bloomberg News citing sources familiar with the matter at hand, Ford Motor Co is considering ways to separate its electric-vehicle operation from its legacy business. Ford’s CEO Jim Farley is weighing options to either spin off… Read More ›
On Monday BioNTech issued a statement saying it plans on setting up a regional headquarters in Singapore where it will also build its new manufacturing site for vaccines based on messenger RNA technology (mRNA). The development sees the company expanding… Read More ›
On Tuesday, ArcelorMittal SA and Nippon Steel Corp will spend $775 million to build an electric arc furnace at their U.S. joint venture in Alabama. They plan on starting a production during the first half of 2023, said Nippon Steel…. Read More ›
In a statement Volkswagen’s CEO Herbert Diess disclosed production at Volkswagen’s and SAIC Motor Corp’s $2.5 billion new energy vehicle plant in Shanghai has commenced. He made these comments to reporters while taking a tour of the plant. In a… Read More ›
The move is aimed at tapping the growing Chinese demand for New Energy Vehicle (NEV). In what is possibly the first venture for Volkswagen AG’s partnership with SAIC Motor Corp Ltd, a Chinese company, the joint venture is on track… Read More ›
The announcement marks the continuation of the conglomerate’s aggressive expansion strategy, which it began in 2008. On Wednesday, senior executives from Philippines’ San Miguel Corp stated, the conglomerate plans to invest at least $1 billion (£764.18 million) within the next… Read More ›
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