Appointment of no interim chairman to replace the disgraced Carlos Ghosn would be done by Renault, Nissan and Mitsubishi Motors to head the three company alliance after Ghosn was arrested in Japan over allegations of financial irregularities. Al the three companies are in an alliance that is the second largest car maker of the world…
Following wiping out of an almost 40 per cent of its market value in the last two weeks, there are analysts and experts who has started to explain the reasons of the occurrence of the “perfect storm of turmoil” for the most well known crypto currency of the world. The recent rout of bitcoin has…
Following a year of a string of hacks into data vases of large multinational companies, the latest to announce that it has also been hit by a hacking incident is Marriot International chain of hotels. The company revealed on Friday that personal data and information of about 500 million guests that had been stored in…
This strategic move sees Amazon.com increasing its cooperation with Apple and is probably aimed at boosting its market footprint at the cost of Alphabet’s Google. On Friday, in a move that marks increased collaboration between two tech giants, Amazon.com Inc stated, Apple Music will become available on its Echo smart speakers starting December 17, 2018.…
Toyota will gain full control over the factory in 2021 which will continue to produce current generation compact cars for both companies. On Friday, both Toyota and the PSA Group stated, the former has agreed to to purchase the latter’s stake in a jointly-managed Czech Republic factory which specializes in the manufacture of small cars.…
South Korea’s Suwon District Prosecutors’ Office has concluded that Samsung Display 150 billion 3D lamination technology was sold by the CEO and 8 employees of Toptec Co Ltd for $13.85 million to China. In a development that goes to corroborate much of the narrative coming out of the United States and which underscores one of…
This strategic route could enable BMW to comply with air quality standards set by cities. On the sidelines of the Los Angeles Auto Show, BMW disclosed that it can force its hybrid cars to switch to an electric-only mode in heavily polluted inner-city areas; this strategic move will enable BMW’s vehicles to compete with pure…
The “Close Friends” feature allows users to share their stories with a select group of people rather than just followers. On Friday, Facebook-owned Instagram stated, it has launched a new feature called “Close Friends” through which users can share their stories with a smaller group of people. This new feature appears on the user’s profile…
While here has been some degree of tension between the two companies after the arrest of former Chairman of Nissan and Mitsubishi – Carlos Ghosn, the two companies along with their third alliance partner Renault have pledged to keep up the alliance that has made them the second largest car maker in the world combined…
The small city state of Singapore is set to witness a battle between an existing company and a new entrant in the ride hailing market. According to reports, the dominant player in the market Grab would be challenged by the Indonesian ride-hailing company Go-Jek. The Indonesian firm started a trail launch of its services in…
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