The luxury brand of General Motors – Cadillac, expects 2020 to be the third consecutive year of record sale for its cars globally. This year the company expects to achieve double-digit sales growth in China despite the economic slowdown the market and slowing sales in the country, primarily in the mass-market, said Cadillac President Steve…
The continuous spread of the deadly coronavirus in china has forced United States based global fast food chain McDonalds to close restaurants in five Chinese cities while also implementing new health protocols at its outlets in the region. Stores of the company were closed down in the cities of Wuhan, Ezhou, Huanggang, Qianjiang and Xiantao…
Growing concerns and fears over the spread of the new virus in China known now as coronavirus is forcing the closure of Disney’s mega theme park in China during the Lunar New Year holidays. Saying that the closure was “in response to the prevention and control of the disease outbreak”, this announcement was made by…
The launching of an initial antitrust investigation into the proposed acquisition of food delivery firm Just Eat by rival firm Takeaway.com’s in a deal worth £6.2 billion or $8.1 billion has put a temporary halt to the merger. A review into the merger of the two companies had s been initiated by the Competition and…
Talks with the Turkish conglomerate Cengiz Holdings is being held by the British government to convince the firm to purchase British Steel is the planned acquisition of the steel company by Chinese industrial firm Jingye does not go through. However reports suggested that the government is confident that the acquisition of British Steel, including the…
Contributions that it has had to make towards its employee pension plans and retirement benefits will force United States based car maker Ford Motor to potentially take a pretax hit of about $2.2 billion for the fourth-quarter, the company has said. The total amount that it would have to forgo for the fourth quarter includes…
Following a dramatic rise in its share price that pushed the market value of the United States based electric car maker Tesla past the $100bn mark, the company became the second most valued car maker of the world by surpassing the German auto giant Volkswagen. This record valuation also pushes Tesla’s chief Elon Musk to…
