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...It is being held up by new MIIT rules that require both the marque and its contract manufacturer to have new energy vehicle production licences, according to two people close to the companies....
...It also claims that workers at one Thai manufacturer, Hong Seng Knitting, have not been paid wages owed to them during a factory shutdown that year. Nike did not respond to a request for comment....
...Another of the company’s factories, in the state of Madhya Pradesh, is building small arms for the Indian armed forces, reported by local media to include light machine guns, assault rifles and pistols....
...“CVS has put their stake in the ground that they’re going to create a marketplace where one [biosimilar] manufacturer is rewarded,” said Jon Martin, head of Organon’s US biosimilar arm, which produces Humira...
...at the arms manufacturer’s facilities....
...The company plans to keep its three dealership sites in Poland, which it will absorb into the distribution arm of its business....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...The company’s backers include Alphabet’s venture capital arm, EQT Ventures and former Apple designer Tony Fadell....
...Warren said in a statement: “Private equity firms have a well-documented history of hollowing out companies and jeopardising product safety.”...
...The new owner’s identity was initially cloaked by his limited liability company. The Los Angeles Times revealed a few months after the purchase that Son was the buyer....
...A version of this article was first published by Nikkei Asia on November 16. ©2023 Nikkei Inc. All rights reserved....
...Last year the British regulator blocked a $5bn merger between Finnish crane manufacturers Cargotec and Konecranes, prompting the companies to ditch the transaction....
...A merger between the two companies would create one of the world’s biggest manufacturers of Nand flash memory chips at a time when the US and Japan are seeking to bolster their chipmaking capabilities over...
...The electric vehicle arm of Lotus has disclosed a $353mn half year loss and warned about risks to its business from the Chinese government, in a filing ahead of its planned $5.5bn stock market listing....
...It was the company’s second soft launch in a matter of days, following a nonfolding 5G handset released on August 29....
...Chanel, too, has invested in biotech company Evolved by Nature, which last summer raised $120mn in series-C financing, as well as Arcaea (which also received investment from fragrance manufacturer Givaudan...
...In November 2017, a Turkish arms manufacturer called STM announced the Kargu, a fully autonomous killer drone the size of a rugby ball, which could perform targeted hits based on image and face recognition...
...Families of victims killed in a separate mass shooting in Buffalo, New York, last month are also considering suing Remington, the maker of the Bushmaster assault rifle used in the supermarket massacre, according...
...In June last year, China North Industries Corporation, a major state-owned defence contractor, sent 1,000 “civilian long-range hunting rifles” to Techcrim, a Russian arms manufacturer, according to customs...
...The families of nine victims of the Sandy Hook Elementary School shooting have agreed to a $73mn settlement with gun manufacturer Remington Arms....
...BlackRock is basically the world’s biggest manufacturer of investment products....
...A version of this article was first published by Nikkei Asia on May 10 2023. ©2023 Nikkei Inc. All rights reserved....
...Amid this wrangling, Switzerland emerged with open arms....
...One is to sign long-term contracts with weapons manufacturers, who could then confidently invest in more production lines with a guarantee of sales....
...Days after Tesla’s move, Ford Motor’s EV arm and Aito, a Huawei-backed EV brand, followed suit....
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