Hoping to boost sales and speed up the industry’s shift to lower-emission vehicles, Toyota Motor Corp plans to open up its powertrain technology to rivals, and a period of long guarding about what was beneath the hood of its pioneering… Read More ›
Strategy
Wind power gains prominence at the expense of solar
The new administration in the United States is promoting wind power at the cost of solar through extended tax cuts. With the U.S. Congress extending generous tax credits for renewable energy projects, wind industry in the country is thriving. However,… Read More ›
Airbus will lease NOT sell 7 aircrafts to Iran
Negating what was reported earlier, which based itself from quotes from Iran’s news agency, Airbus will lease 7 aircrafts to Iran’s flagship carrier. As per two sources from the aviation industry, Teheran’s Aseman Airlines has agreed to lease seven Airbus… Read More ›
General Motors to expand testing & production of self-driving cars
GM to build next generation self-driving cars in its factory in Michigan. In a strategic development that signals General Motor’s potential launch of new self-driving vehicles, the company’s CEO, Mary Barra has disclosed that the automaker will be expanding… Read More ›
EU set to gain clearing house business after Brexit
The relocation of the multi-billion-euro business to a city within the EU is likely to happen once Britain leaves the bloc. As per an official from the European Union, the bloc is considering legislative measures to relocate London’s euro-denominated clearing… Read More ›
Theresa May’s posturing are a pointer to the fact that Britain needs access to EU’s single market bloc
Although Britain has opted out of the EU, Theresa May has stated it will still continue to play a full part in discussions on matters related to the European Union. Her warning that it would take nearly a decade to… Read More ›
Hackers compromise more 1 billion user accounts in Yahoo
Yahoo believes that its system which stores debit/credit card and other banking related transactions have not been affected by the hack. It would be prudent for Yahoo account holders to take immediate precautionary measures to safeguard their financial transactions regardless… Read More ›
Uber launches a fleet of self-driving cars in San Francisco
Its cars have a driver and an engineer seated in the front seats of the car, ready to take over whenever the situation so requires. Despite facing a backlash from regulators in the state of San Francisco, Uber Technologies Inc.,… Read More ›
Retailers and shippers feel the pinch of free delivery costs
With FedEx and UPS unable to replicate the revenue model of Amazon.com’s $99 a year Prime membership model, shippers and retailers are feeling the squeeze. In an unassuming building located in Addison, Chicago, engineers from United Parcel Service Inc. have… Read More ›
Chinese Billionaire, Jia Yueting, plans on raiding Tesla’s territory despite funds crunch
Spread across 10 years, armed with three car manufacturing startups, Jia Yueting plans on taking on Tesla Motors’s Model S and Model X with its LeSee Pro, which will be showcased in CES 2017. In CES 2017, 3 electric car… Read More ›
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