Latest New product development News

Volkswagen creating first innovation hub in North America

Jan. 17, 2020 1:02 PM EST

Volkswagen is partnering with the University of Tennessee and the Oak Ridge National Laboratory to create the company's first innovation hub for developing new technology in North America, officials said Friday in a statement. Initial work at the hub in Knoxville will include research opportunities for UT...

Shipping industry proposes fund to tackle carbon emissions

Dec. 18, 2019 3:43 AM EST

BERLIN (AP) — A global shipping industry organization is proposing a research and development program to help cut carbon dioxide emissions, funded by about $5 billion from shipping companies over a decade. The International Chamber of Shipping said Wednesday that it is proposing creating a nongovernmental...

Grand jury urges action in wake of alleged tax credit fraud

Dec. 3, 2019 6:12 PM EST

HARRISBURG, Pa. (AP) — A grand jury report released Tuesday found two of Pennsylvania’s tax credit programs are vulnerable to fraud, citing newly unsealed allegations that a couple disappeared in Hong Kong after using bogus front companies to obtain state tax credits they resold for millions of...

Flughafen Zürich AG wins bid for new airport near New Delhi

Nov. 29, 2019 7:32 AM EST

LUCKNOW, India (AP) — An Indian state selected a Swiss company, Flughafen Zürich AG, on Friday to design, develop and operate a new airport near New Delhi after it outbid Indian companies. A spokesman for the Uttar Pradesh state government, Mritunjay Kumar, said state authorities have acquired 5,100...