German carmaker Volkswagen (VW) unveiled a new brand development strategy for a period until the end of 2025. The plan is designed to triple profitability of operations, and restore the market position, deteriorated as a result of "Dieselgate". The new strategy includes active development of...

Increasing the brand profitability at VW, would cost the company to a commitment, while the union would also allow a job cut of thirty thousand. The aim of Volkswagen is to increase its core brand’s profitability, as the same lags behind its “major rivals”, whereby the goal is to go above six...

Replacing HSBC and denoting that the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability, Citi has joined JPMorgan at the top of global regulators' list of systemically important banks.   The top banks should hold extra capital, according to the level of...

A contract worth $1.2 billion has been awarded to Lockheed Martin Corp for upgrading South Korea’s F-16 fighter aircrafts. The Pentagon has reported that it has awarded a contract to Lockheed Martin Corp, a subsidiary Lockheed Martin Aeronautics Co., worth $1.2 billion to upgrade F-16 fighter...

As of Sept. 30, the company had posted a loss of $5.7 million on a turnover of $643.8 million. The Blackstone Group has a majority stake in the company. Optiv Security Inc., wherein Blackstone Group LP has a majority stake, has filed for an initial public offering, of its common stock, with U.S....

Countries and businesses are now being scrutinized to make sure they implement the correct strategies to deliver a greener future, following the breakthrough at the United Nations COP21 conference last year.   Oil majors will have to embrace the new energy world, or face getting left...

The world's highest rents for shops are being paid by Shops along New York's Upper 5th Avenue, says a report from one global real estate firm.   According to Cushman & Wakefield's report that is titled "Main Streets Across The World", companies ad brands like Cartier, Abercrombie &...

Ford abandons its plans of shifting small car production to Mexico The executive chairman of Ford Motor Co., Bill Ford Jr, told the president-elect of the United States, Donald Trump that Ford Company “would not” shift the Kentucky plant’s production to Mexico. In Twitter post, Trump wrote: “I...

China becomes the testing ground for Toyota’s fuel cell vehicles. On Friday, the 18th of November 2016, Hiroji Onishi, the Head of Toyota Motor Corp., present at the “Guangzhou auto show”, revealed that the company is “testing” the Mirai, a “fuel-cell vehicle” in China.   The options of...