In a statement Ford Motor Co said it would invest $900 million to modernize its factories in Thailand which produces its Ranger pickup and Everest SUV; the investment is the company’s single largest in the country. The investment would be through… Read More ›
In a statement Volkswagen AG said, it plans on setting up a venture capital fund, which would initially invest $355.14 million (300 million euros) in startups and in decarbonization projects. “Decarbonization will make many things more affordable, not more expensive,” said… Read More ›
In a development that marks the expansion of the scope of the previous US Administration, US President Joe Biden banned US entities from investing in a couple of Chinese companies with alleged links to the Chinese military, through an executive… Read More ›
On Friday, in a statement, Germany’s Economy and Transport ministries stated, Berlin will invest more than $9.74 billion (8 billion euros) in large scale hydrogen projects, in an effort to scale up hydrogen as an alternative to polluting fossil fuels… Read More ›
In a statement, Bosch, the world’s largest car parts supplier said, it plans to invest up to $100 million in Mexico this year; the development sees a 15% increase, mostly in new manufacturing lines and digitization projects. The resources will… Read More ›
In a significant development that potentially sees global carmakers increasing their footprints in India’s huge car market, New Delhi plans on offering fresh incentives to companies making electric vehicles (EVs) as part of a policy push in the auto sector… Read More ›
According to a report from the Wall Street Journal, Twilio Inc, a cloud-communications firm, is in talks to invest around $750 million in Syniverse Technologies LLC. The investment is slated to be announced later today, which could be followed by… Read More ›
In a statement PepsiCo Inc said, its pancake mix and syrup products will henceforth be sold under the “Pearl Milling Company” name; the development comes in the wake of the company dropping its “Aunt Jemima” brand logo in 2020 due… Read More ›
In a statement on Tuesday, Ford Motor Co stated, it will invest $1.05 billion in its South African manufacturing operations, which includes upgrades, to expand the production of its Ranger pickup truck. The amount includes $683 million for technology upgrades… Read More ›
On Monday, in a statement, Amazon.com Inc, the world’s biggest online retailer said, it will open two new logistics centers in Italy later this year and plans on sinking more than $278 million (230 million euros) towards them. With the… Read More ›
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