Fiat Chrysler is announcing a 1,300 job cuts as a result of the company’s decision to focus on producing light trucks and SUVs. American automakers are reportedly struggling to make money on other car models, such as sedan recently.
manufacturer
Meizu already unveiled its newest model m3 note. The Chinese OEM is keeping its concept of quality devices with affordable prices, which makes the brand popular in China’s market.
Nissin has made its takeover approach to Premier Foods by buying 17.3 percent stake in the company. The deal made Nissin Premier Foods’ largest stakeholder, but the company must agree to not make a takeover bid to Premier Foods in at least six months.
Bosch is seeking to transform itself from equipment manufacturers to service providers. The company has launched its own cloud computing network and is determined to develop its Internet of Things technology and software to be better.
Palestinian-American entrepreneur Zahi Khouri teamed up with Palestinian investors to build a Coca-Cola manufacturing plant in the Gaza Strip. This new factory would provide direct jobs for 250 people and indirectly support 1,000 local families. This move is one of the first and most significant economic development in Gaza after the end of the war in 2014.
Previously, the company has also purchased German's KraussMaffei Group. Also, Chinese companies investment overseas is growing.
In a surprise decision, Hyundai Rotem withdrew its IPO citing weak market conditions and industrial disputes.
anais+adan hits it big with the newest Royal being pictured wearing their swaddle.
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