Companies


    • Ford, VW to announce global alliance today

      Ford, VW to announce global alliance today

      Volkswagen Group and Ford Motor are expected to unveil an alliance on Tuesday that would reportedly combine forces on commercial vehicles and is likely to expand into joint development of electric and self-driving technology. Even though the details of the partnership are still a mystery, the move is aimed at saving the automakers billions of dollars.

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    • Volkswagen sets new all-time record for most car sales

      Volkswagen sets new all-time record for most car sales

      In 2017 VW Group posted a monster sales year with 10.7m vehicles delivered, making it one of the largest automakers in the world. But not the largest. That honor went to the Renault-Nissan Alliance, whose acquisition of Mitsubishi helped place it at number one. In 2018, however Volkswagen has struck back with 10.83m vehicles delivered worldwide, a new all-time record for any automaker.

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    • Toyota recalls another 2m vehichles due to Takata airbags

      Toyota recalls another 2m vehichles due to Takata airbags

      In the ongoing saga of the Takata airbag scandal, which caused one of the largest recalls in United States history, Toyota is recalling once again millions of vehicles worldwide for issues with air bag inflators. More precisely, in this latest recall, Toyota is recalling 1.7m vehicles globally including cars from model years 2010 through 2015.

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    • Airbus met 2018 delivery target prior to final audit

      Airbus met 2018 delivery target prior to final audit

      Airbus operationally hit its main industrial target of 800 aircraft deliveries in 2018 after record handovers in December, according to people close to the matter. The final number is subject to ongoing auditing checks, with raw delivery data standing on the 800 threshold, but Airbus is said to be optimistic that the company has averted its first ever missed delivery goal.

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    • Amazon became world's most valuable company

      Amazon became world's most valuable company

      Amazon has eclipsed Microsoft as the most valuable publicly traded company in the US as a see-sawing stock market continues to reshuffle Corporate America's pecking order. The latest shift occurred Monday after Amazon's shares rose 3 percent to close at $1,629.51 and lifted the e-commerce leader's market value to $797bn, edging past Microsoft's roughly $788bn valuation. 

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    • GSK inks $12.7bn consumer healthcare deal with Pfizer

      GSK inks $12.7bn consumer healthcare deal with Pfizer

      Pfizer Inc. and GlaxoSmithKline plc announced they have entered into an agreement to create a premier global consumer healthcare company with robust iconic brands. The Boards of Directors of both companies have unanimously approved the transaction under which Pfizer will contribute its consumer healthcare business to GSK’s existing consumer healthcare business.

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    • DHL to focus more on e-commerce in Turkey

      DHL to focus more on e-commerce in Turkey

      DHL has announced plans to concentrate more on e-commerce in Turkey starting next year, since it considers Turkey as an important regional hub which could fuel growth in the Middle Eastern and European markets. As first step of this plan the German logistics player will be setting up an operations center at Istanbul Airport.

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    • Guess fined for blocking cross-border sales in Europe

      Guess fined for blocking cross-border sales in Europe

      European Union antitrust regulators fined US clothing brand Guess almost €40m (€39 821 000, to be exact) on Monday for using restrictions that prevented retailers from selling and advertising its products across borders, blocking this way e-commerce in the EU. The penalty comes after in June 2017 the European Commission opened a formal inquiry into the cross-border online sales practices of 1,900 companies as part of a crackdown against geo-blocking in the EU.

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    • Hyundai Motor confirms executive reshuffle

      Hyundai Motor confirms executive reshuffle

      South Korean conglomerate Hyundai Motor Group shook up its executive ranks and appointed its first foreign head of research and development, raising expectations of a smooth transition of power at the family-run business empire. The executive position is given to Group President Albert Biermann, a German former BMW executive, who will replace longtime executives Yang Woong-chul and Kwon Moon-sik. 

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