According to a source familiar with the deal, Tesla Inc has agreed to acquire Germany’s ATW Automation, a supplier assembling battery modules and packs for the auto industry, for an undisclosed sum. ATW, a subsidiary of Canadian ATS Automation Tooling… Read More ›
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Norwegian Air to jointly own Airbus fleet with China Construction Bank Corp
The deal will significantly reduce Norwegian Air’s capex requirements. On Thursday, Oslo-listed Norwegian Air stated, it has struck a deal with China’s CCB Leasing to take joint ownership of a large fleet of aircraft that it has ordered from Airbus…. Read More ›
IKEA France to invest $448 million to expand its footprint in Paris
IKEA France opened its first brick-and-mortar store in the Madeleine district of Paris.It plans on expanding its footprint with more new stores while at the same time allow consumers to shop for furniture online. On Monday, IKEA France’s chief executive… Read More ›