On Tuesday, General Motors announced about its plan to invest $2 billion across its 17 auto plants in the United States in an effort to save or create about 4,000 jobs. The above announcement was made by GM CEO Dan Akerson at a factory in Toledo, Ohio, where the automaker is planning to build a new 8-speed transmission.
Kingfisher is planning to launch 250 new stores in the rising markets and at the same time, they want to pick up the pace in already existing markets. Kingfisher will increase the number of stores from 856, to more than 1100 stores.
The Chief Executive, Ian Cheshire, revealed that Kingfisher has decided to open 16 new stores this year; of which, 6 will be opened in Poland, 4 in Russia and 6 in Turkey.
He said that with the hope that Kingfisher will become a market leader, many stores will be expanded in emerging markets such as Brazil, India and Indonesia.
New Zealand's third largest power retailer Mercury Energy is ditching its expansion plans adding that revised electricity bill by the government would create unacceptable risks and uncertainties at every level that could eclipse its profitability.
Terming the reforms as a blow to competition, James Munro, the General Manager of Consumer Market added, "We're just not sure if these series of reforms are going to encourage competition."
Telecom NZ is set to begin the exercise of improving its testing skills and upgrading the knowledge of its workers for making them capable to take new challenges using the advanced methods of technology. The firm has selected Indian outsourcing and IT consultancy Infosys Technologies for the purpose for which engagement is already going for past three months.
2degrees Mobile has announced that its customers will now be able to make the most of the latest 3G network as the telecom services provider gets ready to upgrade its services to 3G by integrating 2,100 MHz, 3G spectrum across its 12-week-old network. The act will let 2degrees compete more effectively with its much larger competitors, namely Telecom and Vodafone.
Todd Energy is planning to build an LPG plant investing a $65 million with total gas production capacity of 27,000 tonnes per year. The proposed LPG plant will come up at its McKee Production Station site in Taranaki for supplying 45 kilo gas bottles. The required gas would be outsourced from Mangahewa and Pokohura fields of the company.