As part of a broader push to make electric cars more mainstream and counter ambitious plans from rivals, BMW AG will roll out the first battery-powered model of its urban Mini brand. Chief Executive Officer Harald Krueger said on Friday in an interview that a battery-powered version of the BMW X3 sport utility vehicle in 2020…
Suitors seeking to buy the troubled air bag maker Takata Corp. are reported to have offered $1 billion to $2 billion. Each of the five suitors seeking to buy the company have reportedly made the offers, a person with knowledge of the matter was quoted in the media as saying. The person, who asked not…
This is yet another milestone in the march towards optical computers. Researchers at the Pierre and Marie Curie University in Paris, led by Professor Julien Laurat have created the world’s smallest mirror. This remarkable feat has been achieved by using just 2,000 atoms of cesium. According to Neil Corzo, a postdoctoral fellow who is the…
The Generation EQ has a range of 311 miles on a single charge. Can burn the road at 0-60 in less than 5 seconds. Will go on production later in 2019. Competes against Tesla Model X and Audi’s e-tron Quattro. Although Mercedes-Benz had confirmed that it was working on a sub-brand that will host its…
U.S. IT giant IBM said on Wednesday that with 15 percent of top global banks intending to roll out full-scale, commercial blockchain products in 2017, the recent trend in the banking technology segment is that banks and other financial institutions are fast adopting blockchain technology at “dramatically faster” rates compared to what was initially expected.…
With regards to the size of a fine to settle a criminal investigation of the company’s alleged violations of U.S. clean air laws, Volkswagen is hopeful the German automaker can reach agreement by the end of the year with the U.S. government, its Chief Executive Matthias Mueller said on Wednesday. Volkswagen could be allowed to…
Volkswagen showed off the I.D. as part of the Paris Motor Show. Despite the gloom that has been hovering over it, of late, Volkswagen, Europe biggest car manufacturer, has kicked off the Paris Motor Show with its business-as-usual flair. Its entry to the motor show is the eye catching electric I.D.. The car resembles a…
