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 ›
Entrepreneurship
U.S. unit of Takata must file for bankruptcy – potential bidders
While potential bidders want Takata’s U.S. unit to file for bankruptcy so as to cover them from potential future lawsuits, GM’s legal precedent could however spoil their game plan of acquiring Takata’s assets without getting tainted by its liabilities. However,… 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 ›
U.S. unit of Takata mulling bankruptcy: Sources
The Japanese auto parts maker has been struggling to survive after news of its potentially deadly airbags hit the market. According to a source knowledgeable with the matter at hand, the U.S. unit of Japanese auto parts manufacturer Takata Corp… Read More ›
GoPro’s production issue takes its toll on its quarterly revenues
GoPro said it has ramped up production to meet the demand from the upcoming holiday season. Its latest product offerings include the GoPro 5 and the world’s first consumer drone camera – the Karma. Hurt by production issues for its… Read More ›
CICC close to acquiring China Investment Securities for undisclosed sum
The strategic merger will help place CICC in the retail brokering business. As per two sources with knowledge of the matter at hand, China International Capital Corp is in an advanced acquisition talks with China Investment Securities. The leading Chinese… 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 ›
Toyota spreads its investment by investing in ride-hailing Getaround and in Uber
With many industry analysts predicting dramatic change in the car ownership model, with these investments Toyota plans to capitalize on its mobility services. Toyota Motor Corp is all set to pilot test its new Smart Key Box technology in Getaround’s… Read More ›
Broadcom close to acquiring Brocade Communications Systems Inc.
Broadcom is the third largest U.S. semiconductor manufacturer by revenue, behind Intel and Qualcomm. According to sources familiar with the matter at hand, Broadcom Ltd is said to be nearing a deal to acquire Brocade Communications Systems Inc. which makes… 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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