Business
New low-cost airline Wizz Air Abu Dhabi is to launch operations from the United Arab Emirates capital Abu Dhabi in the second half of 2020, the partners in the venture announced Monday.
Mar 2, 2020
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2
Automotive
General Motors is spending $2.2 billion to refurbish an underused Detroit factory so it can build a series of electric and self-driving vehicles, eventually employing 2,200 people.
Jan 27, 2020
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2
Energy & Green Tech
Gas-rich Qatar signed a $470-million deal on Sunday to build its first solar energy plant, capable of meeting up to one-tenth of peak national power demand.
Jan 19, 2020
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17
Consumer & Gadgets
The market for DVD and Blu-ray discs has been on life support for years, as streaming has become the technology of choice for home video customers.
Jan 16, 2020
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4
Energy & Green Tech
European automakers' network of highway charging stations for battery-powered vehicles is taking shape ahead of an expected surge in electric car sales as manufacturers strive to meet new emission limits.
Jan 16, 2020
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7
Business
German takeaway giant Delivery Hero on Friday said it had agreed to buy South Korea's largest food delivery app Woowa in a 3.6 billion euro ($4 billion) deal aimed at beefing up its presence in Asia.
Dec 13, 2019
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Automotive
General Motors and Korea's LG Chem have formed a joint venture to build an electric vehicle battery cell factory near Lordstown, Ohio, east of Cleveland.
Dec 5, 2019
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4
Business
Online services Yahoo Japan and Line Corp. have announced they are merging.
Nov 18, 2019
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3
Business
The EU said Friday it had opened an "in-depth investigation" into plans by US aviation giant Boeing to form joint ventures with the world's number three planemaker, Brazil's Embraer, citing competition concerns.
Oct 4, 2019
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7
Business
General Motors has laid off 6,000 workers in Mexico temporarily due to a US labor strike that has disrupted production at two plants south of the border that make pickup trucks, the company said Tuesday.
Oct 1, 2019
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A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Fuji Xerox joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement.
The phrase generally refers to the purpose of the entity and not to a type of entity. Therefore, a joint venture may be a corporation, limited liability company, partnership or other legal structure, depending on a number of considerations such as tax and tort liability.
This text uses material from Wikipedia, licensed under CC BY-SA
