Toyota’s U.S. Financing Unit Settles Charges with $60 Million Payment
In a significant development, Toyota’s U.S.-based auto financing unit, Toyota Motor Credit, has agreed to pay $60 million in fines and restitution to settle charges [more…]
Category: Business
Volkswagen Mexico’s Puebla plant prepares for electric vehicle production for U.S. market
In a groundbreaking development, Volkswagen Mexico is gearing up for a significant shift in its production focus as it eyes a future dominated by electric [more…]
Lego channels a $200 million investment into its Monterrey plant, emphasizing both sustainability and growth
In a move aimed at fortifying its position in the Americas, Danish toymaker Lego has announced a colossal expansion plan for its Monterrey plant in [more…]
Hyundai unleashes power-packed IONIQ 5 N, a high-performance electric marvel
In a groundbreaking move, South Korean automotive giant Hyundai has roared into the high-performance electric vehicle (EV) arena with the debut of its N sport [more…]
Eli Lilly announces bold move with €2 Billion investment in German production plant
In a strategic move aimed at bolstering its presence in Europe and addressing global supply chain vulnerabilities, U.S. pharmaceutical giant Eli Lilly has unveiled plans [more…]
Starbucks grapples with the Red Cup Rebellion as workers stage a strike in the ongoing unionization fight
In a bold move marking the largest strike in the ongoing efforts to unionize Starbucks stores, workers at more than 200 locations across the United [more…]
British media mogul alters Telegraph bid as U.K. reluctance to entertain Middle Eastern investors
In a strategic move, Jonathan Harold Esmond Vere Harmsworth’s Daily Mail and General Trust (DMGT) has reportedly shifted gears, stepping away from plans to involve [more…]
Renault’s Ampere unit poised for growth amid IPO plans and market challenges
In a bid to energize skeptical investors, French carmaker Renault has unveiled ambitious plans for its electric vehicles unit, Ampere. The company projects a substantial [more…]
Singapore Airlines and Philippine Airlines strengthen ties with new codeshare flight agreement
In the dynamic world of aviation, where connectivity and accessibility are paramount, flight codeshare agreements have emerged as pivotal collaborations between airlines. These partnerships not [more…]
Siemens Energy fortifies finances with a 7.5 billion government support
In a surprising turn of events, Siemens Energy, a major player in the energy sector, has secured a substantial 7.5 billion euros ($8.15 billion) in [more…]