Joint ventures
Renault SA and China’s Geely say they plan to launch a joint venture to produce gasoline-powered and hybrid powertrains, adding to a series of partnerships between global automakers to share soaring technology costs.
FRANKFORT, Ky. (AP) — Lotte Aluminium Materials USA plans an aluminum foil manufacturing operation to serve the electric vehicle battery industry in Kentucky and is expected to create 122 full-time jobs.
Two big names in Japanese electronics and autos are joining forces to make an electric vehicle together.
Shell says it’s pulling out of Russia as President Vladimir Putin’s invasion of Ukraine continues to cost the country’s all-important energy industry foreign investment and expertise.
Ford and security company ADT have formed a joint venture that will help businesses protect vehicles and expensive equipment they carry from theft.
SEATTLE (AP) — The Washington state Supreme Court unanimously upheld permits Thursday that will allow Cooke Aquaculture Pacific to farm steelhead trout in net pens in Washington waters.
CASSELTON, N.D. (AP) — A deal has been finalized for construction of a soybean processing plant in eastern North Dakota that has been in the works for two years, project developers said Wednesday.
BANGKOK (AP) — Japanese beverage giant Kirin Holdings said Monday it is seeking commercial arbitration in a dispute over unwinding its joint venture brewery in Myanmar.
A medical glove manufacturing facility promising to employ nearly 2,500 people is coming to southwest Virginia. Democratic Gov.
BISMARCK, N.D. (AP) — Agribusiness conglomerate Archer Daniels Midland Co. Archer-Daniels-Midland Co. and Marathon Petroleum Corp. are partnering to operate a soybean processing plant near Jamestown.
PepsiCo will sell Tropicana and other juices to a private equity firm in a $3.3 billion deal. The New York drink and snack company will keep a 39% non-controlling stake in a newly formed joint venture in the deal with PAI Partners.
DUBAI, United Arab Emirates (AP) — Israel’s top diplomat to the United Arab Emirates attended a ceremony in Dubai on the grounds of the Arabian Peninsula’s first permanent exhibition to commemorate the Holocaust.
General Motors now says it will support efforts by the United Auto Workers union to organize employees at two U.S. electric vehicle battery factories that it’s building in Ohio and Tennessee with a joint venture partner.
Ford is forming a joint venture that will build two North American factories to make make batteries for roughly 600,000 electric vehicles per year by mid-decade.
Daimler’s AG’s truck business and Volvo Group are getting ready to make climate-friendly hydrogen fuel cells for long-haul trucks together.
NASHVILLE, Tenn. (AP) — General Motors is expected to announce Friday that one of its joint ventures will build a second U.S. electric vehicle battery factory in Spring Hill, Tennessee.
LAS VEGAS (AP) — An autonomous vehicle company has been testing its cars in Las Vegas without a human backup driver ready to take control in an emergency.
The short-video app TikTok has chosen Oracle as its corporate savior to avoid a U.S. ban ordered by President Donald Trump.
CHICAGO (AP) — Shareholders of Brazilian aircraft maker Embraer have overwhelmingly approved spinning off the company’s commercial-airplane unit into a joint venture dominated by Boeing Co.
TOKYO (AP) — Toyota Motor Corp. and Panasonic Corp. are setting up a joint venture to research, manufacture and sell batteries for ecological autos, an increasingly lucrative sector amid concerns about global warming.
Boeing and Brazilian jet maker Embraer have agreed to form a joint venture that would push the U.S. aerospace giant into the market for smaller passenger planes.
SHANGHAI (AP) — In a story April 22, The Associated Press reported that General Motors Co. expects annual sales of electric vehicles to reach 150,000 by 2020 and possibly surpass 500,000 by 2025.