The amount of the sale was not disclosed. There are no cuts in jobs, as stated in the joint statement. With this operation, Ogeu hopes to strengthen the segment of mineral waters in France.
Ford is canceling plans to build a new $1.6 billion factory in San Luis Potosi, Mexico, and will instead invest some of that money in a U.S. factory that will build new electric and autonomous vehicles.
Ford is investing $700 million to expand its Flat Rock assembly plant and hire 700 new workers to build self-driving and electric vehicles along with the Mustang and Lincoln Continental already produced at the Downriver site.
Fields said Ford will invest $700 million in the Flat Rock plant to make hybrid, electric and autonomous vehicles. It will also hire around 700 workers starting in 2018. In announcing the Michigan expansion, Fields noted Trump’s promise to make the U.S. more competitive by lowering taxes and easing regulations.
Tesla begins to roll out the updates to its Enhanced Auto Pilot, with a 1,000 vehicles in the first round of updates and the rest in the following week.
It’s not just your computer that gets its software updates these days, from now on your trusty vehicle does the same and in the case of Tesla vehicles, the latest upgrade “Autopilot 1” will bring owners closer to self driving with the HW2 Autopilot software. The update is currently being uploaded to 1,000 Tesla vehicles and if all goes well, the rest of the fleet will be updated in the following week. The company will also provide a P100D performance upgrade in January, for Model S and Model X users.
‘HW2 Autopilot software uploading to 1,000 cars this eve. Will then hold to verify no field issues and upload to rest of fleet next week,’ Elon Musk posted on Twitter last Saturday.
Barry Callebaut has strengthened its partnership with the American company Mondelez through the purchase of equipment for the production of chocolate in Belgium.
The news was announced in a statement Saturday in which are still not disclosed details on the amount of the financial transaction.
The world number one in the cocoa sector will resume the works of Hal, near Brussels. The agreement should allow the Zurich group better fit into the quality of the chocolate market in Belgium.
Moody’s today affirmed the ratings of Credit Suisse AG (A1 senior debt, A1 deposits, baa2 Baseline Credit Assessment) following Credit Suisse’s announcement of a settlement in principle with the U.S. Department of Justice (DOJ) regarding civil claims in connection with the bank’s issuance and underwriting of residential mortgage-backed securities (RMBS) conducted through 2007. Under the agreement, Credit Suisse has agreed to pay a civil monetary penalty of USD2.48 billion and to provide USD2.8 billion in consumer relief to be delivered over the course of five years post settlement. The outlook on Credit Suisse’s debt and deposit ratings is stable.
Ailing Italian bank Monte dei Paschi di Siena (MPS) needs to fill a larger capital gap than originally reported, the Italian bank stated late Monday citing new figures from the European Central Bank.
The amount needed to rescue the Europe’s oldest financial institution is €8.8 billion ($9.2 billion).
It previously reported that it needed to raise 5 billion euros (5.2 billion dollars) by the end of the month to make up for large-scale write downs on a mountain of bad loans. The request of €8.8 billion of fresh capital was decided on Thursday, December 22, in the last meeting of the ECB’s Supervisory Board.
Honda is in talks with Google to install the tech company’s self-driving technology in Honda vehicles.
Honda will have to provide Waymo with vehicles that are specially modified to accommodate the self-driving technology, while Waymo would lend Honda its insight into self-driving technology, a field every automaker is interested in these days.
The automaker says that if a deal is reached, it will provide vehicles to Waymo that are modified to handle the technology. The Hondas would join Waymo’s fleet that includes Lexus SUVs and Chrysler Pacifica minivans.
Credit Suisse intends to cut about 900 job places in Switzerland to lift profitability as it gears up for a partial sale of the Swiss division, as Bloomberg referred today, according to two people with knowledge of the matter.
Credit Suisse’s ultimate goal is to eliminate 1,600 jobs in Switzerland by the end of 2018, the sources said.
A spokesman for Credit Suisse in Zurich declined to comment.
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