Tag: Ownership changes
New Ford venture to build 2 electric vehicle battery plants
DETROIT — Ford is forming a joint venture with one of its battery suppliers that will build two North American factories to make batteries...
Daimler Truck to shift spending to battery, hydrogen rigs
FRANKFURT, Germany — Daimler's truck and bus division says it plans to shift most of its vehicle development resources to zero-emission vehicles by 2025...
Boat builder buying NC company, seeks to create 500 new jobs
NEW BERN, N.C. — The world's largest fishing and recreational boat builder on Thursday announced its acquisition of North Carolina-based Hatteras Yachts, with plans...
Indonesia’s Gojek, Tokopedia to merge as GoTo Group
SINGAPORE — Indonesian ride hailing company Gojek and e-commerce firm Tokopedia said Monday that they are merging to form the GoTo Group.
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General Mills dives deeper into the pet business
SILVER SPRING, Md. — General Mills is diving further into the red-hot pet food market, acquiring Tyson Foods' animal treat business for $1.2 billion...
L Brands plans to spin off Victoria’s Secret business
A year after an agreement to sell Victoria’s Secret fell apart as the pandemic emptied malls nationwide, the chain will be spun off by...
Meredith to sell TV station division to Gray Television
DES MOINES, Iowa — Magazine publisher and multimedia company Meredith Corp. said Monday it will sell its Local Media Group consisting of 17 television...
Court: U of Iowa must comply with subpoena on utilities deal
IOWA CITY, Iowa — The University of Iowa must comply with a subpoena from the state auditor that seeks the names of investors in...
Brazil privatizes Rio de Janeiro’s water, sewage utility
RIO DE JANEIRO — Rio de Janeiro state privatized its water and sewage utility on Friday, after years of broken promises to improve sewage...
Daimler Truck, Volvo to make fuel cells in Europe from 2025
FRANKFURT, Germany — Germany's Daimler Truck AG and Sweden's Volvo Group say they plan to jointly manufacture hydrogen fuel cells for trucks in Europe...