Auto maker Ford will spend about $11 billion in its efforts to bringing in big changes to its core auto business in the years to come. The company however did not provide much details of the planned change sin its business operations. But the development of self-driving cars has become one of the primary focuses…
Given hydrogen’s availability and its weight to storage energy quotient, Toyota believes hydrogen powered fuel cells will play a significant role in the clean-energy-powered auto industry in the coming future. In a significance development, Toyota Motor Corp announced that it plans on increasing investments in its hydrogen fuel cell-based vehicles, as design more cost-effective mass-market…
SK Hynix, the world’s second biggest memory chip producer, will boost NAND memory chip production by more than 30% in the second half of this year. NAND memory chips are easier to assemble than DRAM chips. On Thursday, South Korean chipmaker SK Hynix Inc posted a record second quarter profit which underpins a continuation in…
Legal action against Uber is being contemplated by London’s black-cab drivers which also include filing of a suit against the ride hailing firm claiming over £1bn in damages on allegations of their loss of earnings. According to a report on Sky News, lawyers are being consulted by the Licensed Taxi Drivers’ Association at Mishcon de…
In order to focus on her role at the White House, she was shutting her fashion line, said Ivanka Trump, daughter of U.S. President Donald Trump. Ivanka is associated with the White House in an informal capacity where she oversees projects for advancing working women. There have been criticisms of conflicting toles of the family…
Qualcomm is amongst those companies that have been caught up in the trade wars initiated by United States president Donald Trump. In case the San Diego-based chipmaker is unable to get approvals from the Chinese authorities this week for its $44 billion acquisition of the Netherlands’ NXP Semiconductors, that deal would have to be abandoned. While…
American airlines and Hawaiian Airlines have made changes to their websites before a deadline set by China and has stopped referring to Taiwan in their flight schedules as demanded by Beijing. Sources have also been quoted in the media saying that Delta and United Continental would also soon do the same after consultations between the…
LG is bent on migrating towards making next-generation OLED panels and has slashed investments in its LCD business, which incidentally accounts for nearly 90% of its revenues. South Korea’s LG Display Co Ltd, a key supplier of panels for Apple, posted its second consecutive loss citing poor panel prices while slashing its investment plans by…
The deal is yet to be finalized since it has yet to get clearance from Linxens’s union, and regulatory approval from France and Germany. According to 5 sources with direct knowledge of the matter at hand, Tsinghua Unigroup Ltd, China top state-controlled chip manufacturer has signed a deal with Linxens, a French smart chip components…
For its first store in India, the Swedish retailer is upending its business model. The business strategy used by Ikea to create a global empire was to sell furniture that people assembled themselves at an affordable rate. The Swedish brand is now depending upon that business model for its first store in India, The first…
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