In a statement Hyundai Motor Co said, it envisions an interactive and partial virtual future in what it terms as “metamobility,” wherein a variety of robotic devices will be able to interact with humans to provide a broad range of mobility… Read More ›
Month: January 2022
Sony examines options to expand into electric vehicles
This Spring, Sony is set to examine its options vis-à-vis the electric vehicle market as it looks to capitalize on its sensor and entertainment strengths to play a bigger role in next-generation mobility. Speaking ahead of the CES technology trade… Read More ›
Allegiant Air plans to buy 50 Boeing 737 MAX jets at $5 billion: sources
According to sources familiar with the matter at hand, Allegiant Air is set to place an order for 50 Boeing 737 MAX jets worth $5 billion at list prices, as the air carrier seeks to ride on the boom of… Read More ›
Japan Australia sign Reciprocal Access Agreement for economic and defense cooperation
Following the cancellation of a trip to the United States and Australia due to rising COVID-19 cases, Japan and Australia are set to sign a treaty to beef up defence and security cooperation at a virtual summit on Thursday. Japanese… Read More ›
Mercedes-Benz unveils 1000 kilometers mile range battery-powered VISION EQXX prototype
In a significant development, Mercedes-Benz has unveiled its battery-powered VISION EQXX prototype which it says has a range of more than 1,000 kilometres (km) per charge. Last year, Mercedes-Benz had announced plans to invest more than $45 billion (40 billion euros)… Read More ›
Jury finds Elizabeth Holmes, founder of Theranos, guilty of defrauding investors
A U.S. jury has convicted Elizabeth Holmes, the founder of Theranos, of being guilty of defrauding investors in the blood testing startup. The jury convicted Holmes of of investor fraud and conspiracy, but acquitted her on three counts of defrauding… Read More ›
LG Energy Solution opens books for South Korea’s biggest IPO
South Korean battery maker LG Energy Solution has opened its books for an initial public offering in the country with an aim to raise up to $10.8 billion in what is South Korea’s biggest IPO. LG Energy’s shares will be… Read More ›
Germany will offer tax relief to companies and individuals worth $34.1 billion from 2023
In a statement Germany’s new Finance Minister said, the government will offer tax relief to individuals and companies worth $34.1 billion (30 billion euros) in this legislative period. “We will relieve people and small and medium-sized businesses by significantly more… Read More ›
European Commission releases draft green investment rules
In a major development, the European Union has drawn up plans which labels nuclear energy and some natural gas projects as “green” investments. The development comes in the wake of a year-long battle between governments over which investments are truly… Read More ›
Tesla reports record Q4 deliveries, despite global chip shortage
In a significant development, Tesla Inc has reported record quarterly deliveries far exceeding Wall Street’s estimates, as it rides out global chip shortages. The development the sixth consecutive quarter for Tesla, the world’s most valuable automaker, wherein it posted record deliveries…. Read More ›