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 ›
OPEC sources reportedly said that if Tehran refuses to limit its supply, Riyadh says it could raise oil output steeply to bring prices down, stirring up old disputes between Saudi Arabia and rival Iran which resurfaced at a meeting of… Read More ›
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 ›
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 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 ›
The Abacus case was related to the subprime mortgage crisis which was at the heart of the 2008 financial crisis. The suit claimed that Goldman Sach’s schemed to reap in huge fees by helping a hedge fund reap in huge… Read More ›
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 ›
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 ›
A report by the U.K.’s National Audit Office (NAO) said that the country’s official tax collection agency is investigating one third of the wealthiest people in the U.K. currently. The tax accounting of the U.K.’s 6,500 richest individuals is studied by… Read More ›
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 ›
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