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Ford has announced that its Russian joint venture, Ford Sollers, will build the EcoSport engine in Russia from next year. Ford Sollers is already manufacturing seven Ford models and will produce the EcoSport engine at a new $274m powertrain plant. Foreign vehicles enjoy high demand in Russia, so this should be a good move for the company...more >>
Porsche has developed an innovative new hybrid-electric powertrain that combines the electric motor and the clutch in one unit. The unit is intended to significantly reduce the amount of fuel consumed in everyday driving conditions. The module will debut on the next-generation Panamera, but is intended to be fitted to all Porsche's future cars, including the iconic 911 range...more >>
Wendy's is entering the US mobile payments market, launching a pilot program introducing POS payment functionality to its existing MyWendy's mobile app in three US cities. Retailer mobile wallet apps undoubtedly have the potential for success, but their focus on customer loyalty makes mobile wallets less payment tools and more marketing devices...more >>
Last night M&S hosted its much-anticipated autumn/winter clothing preview, the first ranges designed under the direction of the new clothing team, and perhaps Marc Bolland's last attempt at turning its general merchandise arm of the business back to growth after seven consecutive quarters of sales decline...more >>