VW has set a hefty goal for itself: to displace Toyota as the world’s No. 1 car company. The German automaker is actually within reach, thanks mainly to its huge lead in China. To overtake Toyota, however, VW will need to reall…
Toyota may build another factory in Mexico to produce small cars as the world’s largest automaker shifts more capacity outside Japan to remain competitive. The yen’s strength on world markets is said to be prompting the move.
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Carlos Slim, ranked by Forbes as the world’s richest man, said he is open to the possibility of investing in new energy projects outside Mexico.
Slim, 70, said that he would consider opportunities in the power sector, Reuters reported.
“Maybe,” Slim said when asked if he was planning new power investments, other than the Panama hydroelectric projects in where has an interest.
Slim’s…
Continue reading Carlos Slim Open to Energy Investments Outside Mexico
Carlos Slim Open to Energy Investments Outside Mexico originally appeared on DailyFinance on Wed, 29 Sep 2010 07:52:00.
Filed Under: Energy, Company News, Economy, People, Investing
Countries from Japan to Brazil and Mexico to Malaysia are trying to intervene in currency markets to alter the value of their currency. The widespread dependence on exports is the prime reason for these moves, which can be tric…
Unilever (UL) announced early Monday that it had agreed to buy beauty care company Alberto Culver Company for $3.7 billion in cash.
The deal will make Unilever the world’s leading company in hair conditioning, the second largest in shampoo and the third largest in hair styling, Unilever said in a statement.
“We are delighted to be acquiring Alberto Culver,” Unilever CEO Paul Polman…
Continue reading Unilever to Buy Alberto Culver for $3.7 Billion
Unilever to Buy Alberto Culver for $3.7 Billion originally appeared on DailyFinance on Mon, 27 Sep 2010 06:35:00.
Filed Under: Company News, Technology, Unilever, Retail