Volkswagen AG truck brand Scania said on Tuesday it will invest 1.4 billion reai...
FILE PHOTO: The logo of Swedish truck maker Scania is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer/File Photo
The investment in the historic center of Brazil’s auto industry follows Ford Motor Co’s decision to exit the heavy truck business in South America and shut down its plant in the same city, which could benefit the remaining players in the sector. The investment comes at a time when the state of Sao Paulo, which long dominated the Brazilian auto industry, has seen auto companies set up factories elsewhere, lured by tax incentives.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SK Innovation to invest $490 million in second Chinese car battery plantSouth Korea's SK Innovation said on Wednesday that it plans to invest 579.9...
Read more »
JPMorgan Chase will invest $125 million in programs to encourage people to save moneyJPMorgan Chase & Co will provide $125 million over the next five years to nonpro...
Read more »
Exclusive: Banks to invest around $50 million in digital cash settlement project - sourcesSeveral of the world's largest banks are in the process of investing around...
Read more »
Amazon has invested in UK food delivery startup Deliveroo in a massive $575 million fundraiseAmazon has led a $575 million round in Deliveroo.
Read more »
Want to invest like Warren Buffett? Here are the ins and outs of buying preferred stockBillionaire investor Warren Buffett's latest deal involves the preferred stock of Occidental Petroleum. Here's what that means and when it could be a good option for you.
Read more »
I drove the Ford Ranger and the Chevy Colorado to see which midsize pickup truck was better — and the winner was clearThe Colorado eeked out a win this time over the Ranger, but the truth is that both pickups are outstanding.
Read more »
5 millionaires and billionaires share the smartest ways to invest your moneyMillionaires and billionaires make smart decisions that help them build wealth, and so can you. Here are five of the smartest things you can do with your money. (via CNBCMakeIt)
Read more »
China's Wanda group says to invest additional 80 billion yuan in ShenyangChinese conglomerate Dalian Wanda Group said on Wednesday that it will invest an...
Read more »
IKEA says in final stages of talks to invest in NorthvoltIKEA is in the final stages of talks with Northvolt about participating in the b...
Read more »
WeWork owner starts $2.9 billion platform to invest in real estateShared office space company WeWork's owner, The We Company, on Wednesday se...
Read more »