The ruling by the 2nd U.S. Circuit Court of Appeals is likely to open the gates to more lawsuits arising out of its faulty ignition switch. A federal appeals court has ruled in General Motor’s case that its filing of… Read More ›
Strategy
Tesla allows market forces to determine buyback value
Its guaranteed buyback program has come to an end. Tesla Motors Inc has disclosed that it has ended its program that guaranteed the resale value of its cars. This move comes in the wake of Tesla lowering the price of… Read More ›
EU to grant market economy status to China
China overcapacity is a reason for concern though. Despite being concerned over China’s overcapacity, according to a senior European Commission, the European Union will go ahead and grant China market economy status which will boost trade ties between the two…. Read More ›
LG Innotek to build camera module in Vietnam
LG Innotek is distinct from LG Electronics. LG Innotek Co has said it is considering building a camera modules plant in Vietnam, without going into any further details. The Economic Daily, a South Korean newspaper, has reported citing anonymous sources… Read More ›
Strata Manufacturing wins two contracts worth $1billion
The company is owned by an investment firm from Abu Dhabi. At the Farnborough Airshow, Strata Manufacturing has disclosed that it has won two contracts from Airbus whose combined value is more than $1 billion. Strata Manufacturer is a components… Read More ›
China’s steel overcapacity is a major problem – Junker
The overcapacity has led China to dump steel in export markets. Jean Claude Junker, the European Commissioner has made it clear to his Chinese counterpart that China’s overcapacity in the steel sector is a very serious issue. By far the… Read More ›
Rolls-Royce likely to turnaround this year with a potential cost saving of upto 1 billion pounds
Increased streamlining of its power systems and marine units the company could result in major savings for the company. Warren East, Rolls-Royce’s Chief Executive said that the company is in the process of making a turnaround with a potential cost… Read More ›
Britain’s staring at recession – BlackRock
Here’s BlackRock’s take on Brexit. As per BlackRock, in the coming years, it is likely that Britain will face a recession and its growth rate trimmed by at least 0.5% point as a result of Brexit. “Recession is now our… Read More ›
Xerox in acquisition talks with RR Donnelley
According to sources, a deal is not imminent. According to two sources who are familiar with the matter at hand, Xerox Corp is in talks with RR Donnelley, a financial printing firm. Incidentally Xerox is set to split into two… Read More ›
Theresa May, 59, set to be Britain’s next PM
Although she has made her intentions clear saying “Brexit means Brexit”, she will she have to get the numbers in order to pass act of parliament that will kickstart the leaving process. Theresa May, 59, Britain’s Interior Minister, is set… Read More ›
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