Economy News

Stellantis and Foxconn created a joint venture

The automotive group Stellantis and the Taiwanese electronics giant Foxconn announced Tuesday the creation of a joint venture specializing in the production of connected interiors, intended for all car manufacturers. The new company, called Mobile Drive, will be owned equally by the two groups and will focus on the design of “intelligent cockpits” to support
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Nestlé upgrades its R&D center in Singapore

The Nestlé Group is upgrading its research and development (R&D) center in Singapore, which is celebrating its 40th anniversary this year. Laboratory facilities, demonstration kitchens, sensory testing areas, and the group’s basic research center will be included in the new facility. The amount of the investment was not disclosed. “The modernization of the