The lawsuit had cited incidents of sudden acceleration from NHTSA’s database and on this basis has sought class action status. A model X owner has sued Tesla Motors stating that his EV suddenly accelerated while being parked, causing it to… Read More ›
The ban comes in the wake of an investigation by South Korea whose findings indicate that these companies had falsified documents related to pollution norms and noise levels. BMW and Nissan have acknowledged the findings of the investigation. In the… Read More ›
While Deutsche Bank has ruled out a merger or a bailout, its chairman has called for a more vigorous defence for European banks and cautioned that global banking rules, should not be lopsided. German newspaper Frankfurter Allgemeine Sonntagszeitung has cited… Read More ›
Access to EU’s single market is key especially since Swiss products have a sizeable market presence. According to a survey, Swiss voters prefer closer ties to the EU and its single market than adopt immigration curbs that could jeopardise these… Read More ›
Kia Motors has set an aggressive sales target despite falling short of its undisclosed target for 2016. South Korea based Kia Motors Corp has stated that it intends to sell 3.17 million vehicles globally this year. In 2016, it had… Read More ›
A new age for gold as an investor safe haven is being made by the Donald J. Trump era. A bevy of political and economic surprises in 2016 sparked a surge in buying that sent bullion to the first annual… Read More ›
Amazon is now going to store its products in the air. A patent for a giant flying warehouse that acts as a launchpad for drones to deliver items within minutes has been granted to the worlds’ biggest online retailer recently…. Read More ›
The 3 Chinese men made more than $4 million from these trades. While Hong, 26, has been arrested in Hong Kong, Zheng, 30, and Hung, 50, are yet to be taken into custody. U.S. prosecutors have criminally charged three Chinese… Read More ›
This contract is linked to a previous contract in which Lockheed was to build and delivery F-35A fighter jets to South Korea. The Pentagon has reported that Lockheed Martin Corp has been awarded a contract worth $450 million, which is… Read More ›
The shock verdict has led to a fall of business and investor confidence in the British economy. The fall of the pound has made the UK companies easy picking for foreign companies who have snapped up lucrative deals. The shocking… Read More ›
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