Volkswagen is set to announce details of a planned expansion of its Mexican plant to build a new, longer version of its Tiguan sport-utility vehicle, according to a person familiar with the situation, part of the company’s strategy to offer more SUVs for American customers.
Sika suffered a setback in its battle to prevent a takeover by France’s Saint-Gobain as the body governing acquisitions in Switzerland ruled in favor of the founding family’s plan to sell its interest.
The multibillion-dollar sales potential of a cancer drug that Pharmacyclics chanced upon nine years ago prompted a three-way bidding war that culminated late Wednesday in AbbVie’s $21 billion deal to buy the biotech.
Daimler will invest $500 million to build a Mercedes-Benz factory in South Carolina after state officials promised tens of millions of dollars in grants, property tax abatements and training support for the plant.
Hong Kong’s retailers are getting pinched by weak consumer demand from mainland China, with some companies reporting steep sales declines over the Lunar New Year period, driving their share prices lower.
The labor dispute that caused months of gridlock at West Coast ports may be over, but the disruption is expected to redraw the trade routes goods follow, as they journey to U.S. factories and store shelves.