Italian tyre maker Pirelli has announced plans to invest €1.9 billion over the next five years in its core tyre business, with a focus on its premium range as well as emerging markets.

Revealing its 2011-2013 Industrial Plan and Vision to 2015, Milan-based Pirelli, Europe’s largest tyre maker, forecast annual revenue growth of eight per cent over the next three years, with profitability expected to rise to between 10.5 and 11.5 per cent.

The company is also planning a rise in total output to around 88 million units in 2015 from 61.8 million this year.

General Motors has finalized terms for what is expected to be one of the largest-ever IPOs, to begin to repay its $50 billion government-funded bailout and reduce the US Treasury to a minority shareholder.

Potential investors are expected from all over the world, including some sovereign wealth funds.

GM plans to sell 365 million common shares, or 24 percent of its common stock, at between $26 to $29 each, which would raise around $10 billion if sold at the midpoint, according to updated IPO papers filed with the SEC.

Italian automaker Piaggio, the maker of Vespa scooters, is planning to launch an eco-friendly mini-car in India that will rival the Tata Nano.

The prototype was revealed at the Milan bike show, with the finished product scheduled to be launched within the next three years.

In an effort to attract buyers for its much-delayed 787 Dreamliner, Boeing today announced it will introduce a rotable exchange services program to support the operation of the aircraft.

The program will help airline customers reduce inventory costs by providing access to a Boeing-managed inventory pool of parts, available to ship within 24 hours of request.

Anglo Swiss mining giant Xstrata has raised its cash offer to buy Australia’s Sphere Minerals by 20 per cent to A$514 million (approximately €365 million).

Zug, Switzerland-based Xstrata said the offer was final and would lapse if shareholder acceptances stayed below 50 per cent by 12 November. 8.1 per cent of Sphere’s shareholders had accepted the initial offer as of 2 November.

NuVision Engineering has over 40 years’ experience in nuclear energy generation and waste cleanup, is familiar with problems that arise in this sensitive field, and develops solutions to fix them.

Across Alberta, the foundations for future education are being laid—but it is no easy task. Lee Davis, project director for the Bird-Graham Schools joint venture, speaks to Andrew Pelis about the challenge to coordinate ten busy building sites at the same time.

The ability to multi-task is something all business leaders are familiar with. However, Lee Davis, project director for the Bird-Graham joint venture to build schools in Alberta, takes multi-tasking to a new level.

Dedication to innovative leadership, to teamwork and to its customers, coupled with the implementation of cost-efficient IT, propel the Auburn Hills Department of Public Services into the upper echelon of public service departments both in Michigan and nationwide, Ric Larson discovers.

A long-range expansion and modernization plan continues to take shape at The Ottawa Hospital (TOH). Keith Regan learns how a new Regional Cancer Center and a fully redeveloped Emergency Department are part of a larger plan to modernize and expand services.

When the global economic crisis took hold, the price of palladium plummeted, leaving newly arrived president and CEO Bill Biggar with a tough decision regarding the fate of North American Palladium Ltd. Two years later he tells Andrew Pelis about the company’s rapidly changing status.