Entrepreneurship
IKEA recalls chests and drawers following infant deaths
Customers can either get a refund or benefit from a free wall-anchoring kit. According to the U.S. Consumer Product Safety Commission (CPSC), IKEA has recalled almost 36 million dressers and chests in Canada and in the United States since they… Read More ›
Lyft hires Qatalyst Partners
Is Lyft getting ready for another funding round? The Wall Street Journal has reported citing sources familiar with the matter at hand that Lyft, a ride sharing service, has hired Qatalyst Partners, an investment bank. According to the WSJ, Frank… Read More ›
Will VW bite the bullet and claim damages from top past and current executives?
Internal investigations have yet to assign responsibility for the diesel emission scandal that has plagued Europe’s top car manufacturer. Hans Dieter Poetsch, Volkswagen’s chairman has stated that the company’s supervisory board is looking at the possibility of claiming damages from… Read More ›
Porsche backs VW’s former management at its AGM
Porsche SE has 52% voting rights in VW. VW‘s internal investigation committee has yet to point any accusatory finger at former VW’s supervisory board members or at its senior management. Volkswagen’s controlling stakeholder, Porsche Automobil Holding SE, will endorse VW’s… Read More ›
British car manufacturing industry could be severely affected in case of Brexit
If Brexit were to happen Jaguar Land Rover could face a $1.47 billion in taxes by 2020. According to two sources who are familiar with the matter at hand, Britain’s largest car manufacturer, Jaguar Land Rover, could face the brunt… Read More ›
Boeing confirms sale of a number of aircrafts to Iran
Boeing has however not provided the quantity and type of aircrafts in question along with their delivery schedules. Boeing has disclosed that it has signed an agreement with Iran Air for the sale of its jetliners. This disclosures confirms news… Read More ›
Twitter now allows sharing of 140 second videos
The earlier limit of 30 seconds has been extended to 140 seconds. Happy Tweeting! Known for its 140 character limit for its tweets, Twitter has now decided to allow its users to tweet videos of upto 140 seconds. It had… Read More ›
Tesla offers $2.8 billion for acquiring SolarCity
According to Elon Musk, the deal is a “no brainer” since it fits very well into Tesla’s broad strategy. SolarCity has liabilities of $6.24 billion, including debt. Tesla Motor Inc’s pioneering CEO, Elon Musk has sought to acquire SolarCity Corp… Read More ›
Airwave Tussle Likely for GM’s Talking Cadillac as it Steers on Collision Course with Silicon Valley
Cars, that would tend to fulfill a safety vision decades in the making, that can automatically brake to avoid collisions is being rolled out by General Motors Co. The company announced the rolling out of a sedan laden with gadgets… Read More ›
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