Faced With Staggering Losses Ford Retools Its Plants
August 29, 2008
Faced with plummeting sales of SUVs and trucks, Ford announced on Tuesday that it’s spending $75 million to convert a Michigan truck plant into a small-vehicle factory. American consumers, who’s budgets are already stretched thin by the rising cost of food and energy, are no longer buying the gas-guzzlers that once served as the automakers best-sellers. Read more
$22 Million Coca-Cola Plant Opens in Mongolia
August 24, 2008
A $22 million green field Coca-Cola bottling plant was officially opened in Ulaanbaatar today by Muhtar Kent, President and CEO of The Coca-Cola Company and Odjargal Jambaljamts, Chairman & CEO, MCS Group. This new plant will be the second and largest Coca-Cola plant in Mongolia. The first Coca-Cola plant was built in 2001 by MCS Coca-Cola, the exclusive bottler of Coca-Cola products in the market. Read more
Virgin Mobile USA Completes Acquisition of Mobile Firm Helio
August 22, 2008
Virgin Mobile USA, Inc. has announced that it has completed its acquisition of Helio, a joint venture between SK Telecom and EarthLink, Inc. that complements Virgin Mobile USA’s strengths through its specialization in highly advanced postpaid products and services. The acquisition was completed based on the terms and conditions outlined in Virgin Mobile USA’s June 27, 2008 press release. All necessary regulatory approvals have been obtained. Read more
Chrysler Starts Production of New Hybrid Electric Vehicles
August 22, 2008
Chrysler LLC’s Hybrid Electric Vehicles (HEVs) began rolling off the assembly line this week at its Newark (Delaware) Assembly Plant. Chrysler is offering the two-mode hybrid powertrain on both vehicles built at the plant, Dodge Durango and Chrysler Aspen. Read more
Airborne Health Inc. Settle FTC Charges of Deceptive Advertising
August 15, 2008
Airborne Health, Inc., the Bonita Springs, Florida maker of the popular Airborne Effervescent Health Formula, an effervescent tablet marketed as a cold prevention and treatment remedy, has agreed to pay up to $30 million to settle Federal Trade Commission charges that it did not have adequate evidence to support its advertising claims. Read more
OGCbuying.solutions And HP Agree Groundbreaking Deal
August 14, 2008
OGCbuying.solutions and Hewlett Packard have agreed a deal that will see U.K. public sector buyers obtain up to 50% discount on a range of commonly purchased print devices. Read more
