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Morrie’s Auto Group Announces Acquisition of Brenengen Auto Group
February 5, 2021 GMT
Morrie s Auto Group Announces Acquisition of Brenengen Auto Group
WAYZATA, Minn. - February 4, 2021 - ( Newswire.com )
Morrie’s Auto Group (“Morrie’s”) today announced the strategic acquisition of Brenengen Auto Group (“Brenengen” or “the Company”). Brenengen is a leading automotive retail group with 6 dealership locations in western Wisconsin. Morrie’s acquired the Company by partnering with Brenengen’s founders, Don and Cheryl Brenengen, and the Company’s existing management team.
The partnership between Brenengen and Morrie’s is a natural transition for two groups with shared values founded in serving their communities with heart, humility, and integrity. While this combination will bring increased capabilities and reach, these values will remain unchanged. Morrie’s prides i
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Canon Celebrates Significant Milestone With Production Of 150 Million Interchangeable RF And EF Lenses
February 4, 2021 GMT
Canon U.S.A., Inc. (PRNewsfoto/Canon U.S.A., Inc.)
MELVILLE, N.Y., Feb. 4, 2021 /PRNewswire/ Canon U.S.A., Inc., a leader in digital imaging solutions, announced today that its parent company, Canon Inc., reached a new lens-manufacturing milestone with the production in January 2021, of the Company’s 150-millionth RF and EF series interchangeable lens for EOS cameras1 an RF70-200mm F2.8 L IS USM telephoto zoom lens (released in November 2019).
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SH Hotels & Resorts Names Arash Azarbarzin Chief Executive Officer
February 4, 2021 GMT
NEW YORK, Feb. 4, 2021 /PRNewswire/ Starwood Capital Group (“Starwood Capital”), a global private investment firm focused on real estate and energy, has promoted Arash Azarbarzin to Chief Executive Officer of its subsidiary company, SH Hotels & Resorts, effective immediately. Mr. Azarbarzin succeeds Starwood Capital Chairman and CEO Barry Sternlicht as CEO of SH Hotels & Resorts. Mr. Sternlicht will remain Chairman and continue to be involved with the organization .
Mr. Azarbarzin has more than 30 years of industry experience, including leadership roles at St. Regis Hotels, W Hotels, Four Seasons Hotels, and as Founding Member at SBE hotel group, among others. As President of SH Hotels & Resorts, his strategic vision, leadership abilities and operational expertise continuously fueled the growth an
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.
Nidec CorporationFebruary 4, 2021 GMT
KYOTO, Japan, Feb. 05, 2021 (GLOBE NEWSWIRE) Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that its Board of Directors has approved a resolution to acquire: the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd. (“Mitsubishi Heavy Industries Machine Tool”), a company that designs, manufactures, and sells machine tools, cutting tools, and related products, from Mitsubishi Heavy Industries, Ltd. (“Mitsubishi Heavy Industries”); all the Mitsubishi Heavy Industries Group-owned shares of three overseas subsidiaries specialized in machine tool business; and the machine tool business run by nine overseas subsidiaries (the “Stock Acquisition”). Accordingly, Nidec entered into a stock purchase agreement on February 5, 2
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Nippon Express USA Completes Construction of Huntsville Logistics Center
February 5, 2021 GMT
TOKYO, Feb. 5, 2021 /PRNewswire/ Nippon Express USA, Inc. (hereinafter, “NEUSA”), a local subsidiary of Nippon Express Co., Ltd. based in Tokyo, has completed construction of its Huntsville Logistics Center in Huntsville, Alabama.
Automobile production in North America is concentrated mostly in the U.S. Midwest, but recent years have seen notable growth in the number of vehicles produced in Mexico as set manufacturers move into the country, expand their factory capacity and significantly step up production, also leading to increased automobile production in the geographically nearby U.S. Southeast, which includes the state of Alabama.