Honda Motor & truckmaker Hino Motors join SoftBank Group’s and Toyota Motor’s joint venture

The development underscores a growing trend of consolidation among communications, automakers and technology companies as they grapple with the massive investment and software expertise required to develop new services for which demand has yet to be tested. On Thursday, Japan’s Honda Motor Co and truckmaker Hino Motors Ltd stated they join a joint venture of…

Britain’s Marks & Spencer gains online food delivery service market through JV with Ocado

Marks & Spencer has entered into a joint venture with online supermarket pioneer Ocado and has thus forayed into the online full delivery service market. On Wednesday, British retailer Marks & Spencer (M&S) has agreed to form a joint venture with Ocado, an online supermarket pioneer. The development assumes significance since it would provide M&S…

Lockheed Martin to partner with Tata Advanced Systems Limited for producing F-16 wings

The southern Indian city of Hyderabad is set to be the global hub for manufacturing the wings of the F-16. On Tuesday, an executive from Lockheed Martin stated, it will build wings for its F-16 combat fighter jet with India’s Tata Advanced Systems Limited. Lockheed is bidding for $15 billion contract, to supply the Indian…