Uber’s China business would be taken over by rival Chinese ride-hailing service Didi Chuxing. This announcement was made by both the companies on Monday. The combined company would be valued at $35 billion according to a person familiar with the… Read More ›
Day: August 1, 2016
Tesla and SolarCity set to announce merger: sources
Shareholders are still to be convinced on the benefits of this merger. Tesla’s second quarter results could be a key component in their being convinced of the benefits of such a deal. According to sources familiar with the matter at… Read More ›
Opel passes engine emission tests in Germany
Vehicle manufacturers are under increased scrutiny following VW’s admission of cheating emission norms by installing special software. The Federal Office for Motor Vehicles in Germany have provided their seal of approval for the diesel engines used by General Motor’s Opel… Read More ›
Delaware judge sets Oct as trial date over the removal of Viacom’s directors
The testimony of the independent medical practitioner who will test the soundness of Sumner Redstone’s mental health will be key factor in the trial. In a significant development a Delaware judge has ruled that Sumner Redstone’s lawyers will have to… Read More ›