In a significant step toward market entry in India, Starbucks Coffee Company (Nasdaq: SBUX)

today signed a non-binding Memorandum of Understanding (MoU) with Tata Coffee Limited, one
of the regions leading providers of premium arabica coffee beans. The MoU will create avenues
of collaboration between the two companies for sourcing and roasting high-quality green coffee
beans in Tata Coffees Coorg, India facility. In addition, Tata and Starbucks will jointly explore the
development of Starbucks retail stores in associated retail outlets and hotels.
AB Volvo has signed an agreement with the Chinese vehicle manufacturer
Dongfeng Motor Group Company Limited (DFG) to acquire 45% of a new
subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV), which will
include the major part of DFGs medium- and heavy-duty commercial
vehicles business. At completion of the transaction, the Volvo Group will
become the worlds largest manufacturer of heavy-duty trucks. - See more
at: http://news.volvogroup.com/2013/01/26/volvo-in-strategic-alliance-with-
chinese-company-dongfeng-motor-group/#sthash.XrYyRwLX.dpuf
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Fiat and Chrysler Announce Strategic Alliance
Fiat S.p.A. and Chrysler LLC (backed by its majority stakeholder Cerberus Capital Management)
today announced an alliance that will see the two automakers share vehicle platforms,
distribution channels, and technology. Fiat will take a 35-percent stake in Chrysler, although no
money will change hands, as Chrysler gives up a chunk of itself in return for viable future product
development. (Chryslers been broke for long enough that virtually all meaningful product
development has been halted for some time.) The current agreement is nonbinding but should
become a finalized partnership by April, according to Chrysler.
Israeli chipmaker TowerJazz (TSEM.TA) on Tuesday kicked off its joint venture with
Panasonic Corp (6752.T), which it expects will increase its revenue by $400 million a
year.
TowerJazz (TSEM.O) holds 51 percent of the joint venture, which will manufacture
Panasonic's semiconductors for cars and other products.
Panasonic, which is wrapping up a multi-billion-dollar restructuring, will transfer three
factories in central Japan to the joint venture and is committed to acquiring its products
from the joint venture for at least five years.
TowerJazz said it will close its plant in Nishiwaki that it bought from Micron Technology
(MU.O) in 2011, reducing its annual fixed costs by $130 million. It will keep on about
100 of the 800 employees at the plant and has retained a Japanese outplacement firm to
help find employment for the remaining workers, Chief Executive Russell Ellwanger told
Reuters.
He said the loss-making company is targeting net profit under generally accepted
accounting practices (GAAP) by the fourth quarter of 2014. Its net loss in the fourth
quarter of 2013 reached $29.8 million.
Shares in TowerJazz, a maker of chips for smartphones, battery chargers and AC/DC
adapters, were up 4.6 percent to 32.33 shekels in late morning trade in Tel Aviv.
"We have already brought multiple customers into the joint venture and this is all
incremental business for TowerJazz," Ellwanger said.
The joint venture will enable TowerJazz to achieve annual revenue of $1 billion by 2015,
Ellwanger said.
"This is a real break-through opportunity for TowerJazz. The company going forward
will not be as we saw it before; we have the opportunity for a different scale," Chairman
Amir Elstein said.
TowerJazz issued to Panasonic 870,454 shares worth about $7.5 million, giving
Panasonic a 1.8 percent stake in TowerJazz.
is enhanced by the fact that both companies are the leaders in their industry. Coca-Cola is
McDonalds largest supplier, and McDonalds is Coca-Colas largest customer
Examples of successful customer-supplier partnerships include those between Baxter
Healthcare Corporation and American Hospital Supply Corporation or between Toyota and
its first-tier suppliers.
2

Nike doesnt manufacture the footwear sold under its brand name. Instead, the production is
outsourced allowing the company to focus on design innovation.