The quantum of investment has yet to be known. The deal could boost the revenues of its affiliate Samsung SDI. Samsung Electronics, the South Korean electronics giant has disclosed that it has agreed to acquire a stake in BYD, a… Read More ›
Entrepreneurship
Tesla allows market forces to determine buyback value
Its guaranteed buyback program has come to an end. Tesla Motors Inc has disclosed that it has ended its program that guaranteed the resale value of its cars. This move comes in the wake of Tesla lowering the price of… Read More ›
LG Innotek to build camera module in Vietnam
LG Innotek is distinct from LG Electronics. LG Innotek Co has said it is considering building a camera modules plant in Vietnam, without going into any further details. The Economic Daily, a South Korean newspaper, has reported citing anonymous sources… Read More ›
Strata Manufacturing wins two contracts worth $1billion
The company is owned by an investment firm from Abu Dhabi. At the Farnborough Airshow, Strata Manufacturing has disclosed that it has won two contracts from Airbus whose combined value is more than $1 billion. Strata Manufacturer is a components… Read More ›
Rolls-Royce likely to turnaround this year with a potential cost saving of upto 1 billion pounds
Increased streamlining of its power systems and marine units the company could result in major savings for the company. Warren East, Rolls-Royce’s Chief Executive said that the company is in the process of making a turnaround with a potential cost… Read More ›
Xerox in acquisition talks with RR Donnelley
According to sources, a deal is not imminent. According to two sources who are familiar with the matter at hand, Xerox Corp is in talks with RR Donnelley, a financial printing firm. Incidentally Xerox is set to split into two… Read More ›
Honda Motors in collaboration with Daido Steel create the world’s first rare metal free engine for its vehicle line-up
This signals the beginning of the end of China’s iron grip of the rare minerals market. In a significant development in the history of automotive, Honda Motors Co Ltd is said to have developed the world’s first motor for hybrid… Read More ›
Musk to unveil part 2 of Tesla’s “masterplan”
This comes after two of its models were involved in two fatal mishaps. Elon Musk, the embattled Tesla CEO, has tweeted his intention of soon publishing the second part of his “top secret Tesla masterplan”. The tweet reads as the following,… Read More ›
Airbus and Boeing both bag further orders at Farnborough Airshow
The order could boost economies growth which is stalling in the wake of Brexit. Despite political uncertainties overshadowing the Farnborough Airshow, Airbus has beaten rival Boeing to bag a big order for 8 to 10 of its biggest twin-engined models…. Read More ›
Lenovo says Wrap Around Wrist Bendy Phone could be a Reality in 5 years
After Lenovo recently showed off a flexible device that can wrap around a user’s wrist, the Chinese technology firm’s head of mobile said that bendable smartphones could be a reality in five years. The concept of CPlus, which has a… Read More ›
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