Reckitt, a health and hygiene conglomerate for brands such as Lysol and Mucinex, is planning to invest $600 million to revamp its U.S. operations.
The investment includes a regional manufacturing center for Mucinex products in Wilson, North Carolina, and a research center in New Jersey as its flagship germ protection hub.
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Volvo will launch 13 new models by 2030 in an effort to double its market share.
Seven of the 13 models will be for western markets, including a mix of hybrid and electric vehicles. Large models are intended for the US, and medium models for Europe. The remaining six will be mid-sized models for China.
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Made by Galbot, a robot named Xiao Gai staffs around 200 small capsule-like convenience store outlets in 50 cities across mainland China.
Now, several have opened in Hong Kong as well.
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General Motors (GM) agreed to a financing arrangement with Procura Auto Parts LLC, a supply-chain management firm, to secure critical parts for continuous production amid supply chain disruptions.
Under the arrangement, Procura will prepay suppliers and store inventory on behalf of GM. Once the inventory is consumed in production, GM will repay Procura with irrevocable payment undertakings backed by a bank syndicate.
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