Honda’s Wuhan plant to remain closed until February 13
Honda has a joint venture with China’s Dongfeng Group in Wuhan’s Hubei province.
joint venture
BMW & Dailmer In A Joint New Venture To Compete With Uber & Didi Chuxing
The CFO of Daimler breaks the news that two carmakers of luxury brands of Germany are coming together to create a new division eyeing a place as a global player in the sector.
Toshiba Corp sells its NAND chip business to Bain Capital led consortium for $18 billion
Although the deal brings a much needed closure to Toshiba’s chip business, the jury is still out on Western Digital’s complaint that Toshiba went ahead with the sale without the consent of its joint venture partner. Western Digital Corp has sought an injunction.
Nestle to cut 450 jobs from its Galderma R&D center in Sophia, Antipolis
Of the 550 jobs, Nestle will trim up to 450. The company has cited a slowdown in the market for these job cuts.
Toshiba awards Bain-led consortium the rights to purchase its NAND chip business
Despite the appearance of finality to the matter, there still lurks an element of uncertainty given Western Digital Corp’s earlier position on the matter.
