On Friday, in a significant development, German Economy Minister Peter Altmaier said, it is critical that Germany sets up a new government body which will have the power to quickly decide whether it should take stakes in strategic domestic companies… Read More ›
Tesla Inc has unveiled an electric pickup truck which features a futuristic angular body in gunmetal gray that somewhat resembles an armored vehicle. The Cyber truck, with starting price of $39,900, is less expensive than was initially flagged. During the… Read More ›
On Wednesday, in a statement Aston Martin said, is it launching its first sport utility vehicle, as it hopes for a turnaround. Share prices of the sports carmaker have plunged this year following sales unable to meet analysts’ expectations after… Read More ›
In a statement Volkswagen’s CEO Herbert Diess disclosed production at Volkswagen’s and SAIC Motor Corp’s $2.5 billion new energy vehicle plant in Shanghai has commenced. He made these comments to reporters while taking a tour of the plant. In a… Read More ›
Already hit by falling sales in China, and from the U.S.-China trade war, the automotive industry is going through a turbulent time. On Thursday, an industry body in Britain disclosed, British car production has dropped by an annual 3.8% in… Read More ›
Consumers are becoming increasingly environmentally conscious of the health hazzards of intensive animal farming as well as the benefits of adding more plant-based protein to their diet, there is growing trend towards alternative meat products. In a development that underscores… Read More ›
BMW could relocate production of the Mini from Oxford to Netherlands, in case of a no-deal Brexit. In a significant development, BMW’s Chief Executive Harald Kruege disclosed, it could relocate more of its production facilities of its Mini to a… Read More ›
Manufacturing activity along with capacity utilization in the manufacturing sector are indicative of how much more the economy may be able to grow before inflation becomes a concern. There has been an acceleration in U.S. manufacturing output for the second… Read More ›
Tesla is pushing the production of the Model 3 sedan. The company’s success depends on it. According to a report by Bloomberg, which cites an internal email from Tesla, the electric carmaker is preparing to boost the output of its… Read More ›
The move is part of Nintendo’s strategy to diversify risk. On Tuesday, a spokeswoman for Japan’s Nintendo Co Ltd stated, the company plans on relocating a part of the production of its Switch gaming consoles to Vietnam from China. Currently,… Read More ›
