The move has been initiated by Volkswagen voluntarily. Volkswagen has decided to recall 4,481 Jetta and Golf cars in Russia to mitigate a possible fault in them. Rosstandart, Russia’s standards agency has stated that Volkswagen has voluntarily recalled the affected… Read More ›
This development appears is in line with Tesla’s overall strategy of producing Superchargers for its vehicles, PowerWalls for homes and now next-gen solar PV cells. Tesla Motors and Panasonic Corp have disclosed that they will co-produce photovoltaic (PV) cells and… Read More ›
Following the partial lifting of U.S. led sanctions, Iran presents itself as a huge economic opportunity. While Boeing’s deal has been made possible by outgoing U.S. President Barrack Obama, President-elect Donald Trump is a huge critic of the U.S-Iran nuclear… Read More ›
These oilfields were initially developed by Chinese companies, such as Sinopec and China National Petroleum Corp, however following their lackluster performance which were found wanting, Iranian officials have now thrown open the doors to international players. A per a senior… Read More ›
The deal, being Snapchat’s first Israeli acquisition, was supposedly driven by Cimagine Media’s skilled workforce rather than its augmented reality technology. Calcalist financial daily has reported that Snapchat is all set to acquire Cimagine Media, an Israeli augmented reality startup,… Read More ›
The alternative to Lockheed Martin’s F-35 fighter aircraft is Boeing’s F-18, an older generation aircraft which lacks the distinctive stealth capabilities of the F-35. Marillyn Hewson, Lockheed Martin’s CEO has told U.S. President-elect, Donald Trump, that she is committed to… Read More ›
The value of the contract is not expected to exceed $10 billion. In a development that bodes well for Airbus and Iran’s lagging economy, European airplane manufacturer, Airbus, has signed a firm contract to sell 100 jets to Iran’s flagship… Read More ›
This marks the first settlement, in a possible string of RMBS related lawsuits, filed by the U.S. DoJ for European banks. Deutsche Bank has agreed to settle with the U.S. Department of Justice’s lawsuit related to its residential mortgage-backed securities… Read More ›
The contract includes providing ground support, supplying spare parts and provide Patriot missiles for a host of countries. The Pentagon has disclosed that Lockheed Martin Corp has won its contract worth $1.45 billion to manufacture Patriot missiles, for spare parts… Read More ›
InvenSense produces gyroscopes for Samsung’s and Apple’s smartphones. The acquisition will expand TDK’s footprint in the sensor technology segment. Japan’s TDK Corp, an electronics part manufacturer, has disclosed that it is all set to acquire U.S chip manufacturer InvenSense Inc.,… Read More ›
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