Tag Archives: acquisition

Ford Plans to Roll Out Cars with No Steering Wheel or Pedals in 5 Years

Ford Motor Co. made its latest plea for investors to view the auto maker more like a Silicon Valley company, promising lofty returns on future ventures while warning near-term profit will be pinched by deep investment. The car maker told investors that its new business services unit eventually will deliver 20% margins, two-and-a-half-times its core auto-making operation. It updated its

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China is Not Big Enough… For Alibaba

Chinese e-commerce giant Alibaba looks East and down South Asia for growth as China market matures Alibaba Group Holding Ltd., its business maturing at home in China, is seeking out growth in India and Southeast Asia. In Southeast Asia, Alibaba paid $1 billion in April for a controlling stake in Singapore-based e-commerce startup Lazada Group, its biggest overseas acquisition to date. Southeast Asia is

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XPO Logistics Reports Record Profit

XPO Logistics Inc. on Wednesday reported its first profitable quarter in at least four years as the company gained new customers and moved forward with integrating more than a dozen acquisitions. The Greenwich, Conn.-based company, which has rolled up businesses from different corners of the logistics industry including multi-billion dollar acquisitions of transportation providers in the U.S. and Europe, posted

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