Analysts expect the event to rack up $20 billion in sales this year, up from $14 billion last year. Chinese e-commerce giant, Alibaba Group Holding Ltd has made the stunning disclosure that it racked up more than $5 billion in… Read More ›
Creativity
Impact of Trump’s proposals on the U.S economy
Trump’s win has a silver lining: If he were to follow through with his economic proposals vis-a-vis trade and immigration, they could fuel inflation and boost wages, something that the Federal Reserve has been struggling with for the last couple… Read More ›
Tesla to acquire Grohmann Engineering for undisclosed sum
The purchase will boost its automated manufacturing systems. Tesla Motors has disclosed in a blogpost that it is all set to acquire German based Grohmann Engineering, for an undisclosed amount. The acquisition will help it improve its automated manufacturing process…. Read More ›
Ford to create its 2nd largest technological setup in Chennai, South India
The centre, set to be operational in early 2019, will include labs and test facilities as well as teams working on financial data analytics. Ford Motors Co has disclosed it will be investing $195 million (13 billion rupees) in business… Read More ›
Britain preparing legislation to trigger Article 50
Since divorcing the EU is likely to significantly dent its business potential, Theresa May has started a whirlwind tour to offset this loss, explore further business opportunities and kickstart the stalling British economy. Sky News has reported that Theresa May’s… Read More ›
CARB finds yet another cheating software installed in Audi’s automatic transition
This is a new find, as per Bild am Sonntag. Audi is the prime contributor to the VW group’s earnings. VW is currently holding talks with U.S. regulators on a proposed fix for its cars. German news daily, Bild am… Read More ›
Toyota to produce long-range EVs by 2020 – Nikkei
In a strategic change of gear, a Japanese business daily has stated, without citing any sources, Toyota will come out with pure EVs by 2020. This is 180-degree reversal of its earlier policy. According to Nikkei, a Japanese daily, in… Read More ›
VW vehemently defends the usage of its defeat device in Europe
VW has stated that the usage of its defeat device is in conformity with European law. However, as a gesture of public goodwill, it will refit the affected vehicles. It is to be seen how much of this posturing will… Read More ›
China’s Wanda to acquire Dick Clark Production for $1 billion
Wanda is owned and run by China’s richest man Wang Jianlin. He aims to bring Hollywood technology and muscle through acquisitions to the Chinese heartland. After the acquisition, he will retain Dick Clark Production’s team. Extending the ever growing Chinese… Read More ›
BlackBerry partners with Ford Motors
In a first of its kind, BlackBerry has partnered with Ford Motor to expand the usage of its QNX operating system. The terms of the deal has yet to be disclosed. On Monday, BlackBerry Ltd disclosed it has signed a… Read More ›
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