Rueckert, who is currently heading SAP’s digital supply chain business, will assume the role of the president of Bosch Building Technologies division from August 1, 2018. The world’s biggest automotive supplier Robert Bosch has hired Tanja Rueckert, an expert in the“internet of things” from SAP, a business software maker. The internet of things, (IoT) refers…
Germany’s Infineon Technologies AG and China’s SAIC Motor Corp are to collaborate on making power modules for this booming electric vehicle market. On Friday, German chipmaker Infineon Technologies AG and China’s SAIC Motor Corp, a carmaker, agreed to set up a joint venture, SAIC Infineon Automotive Power Modules, to make power modules for the Chinese…
Boeing had tried to woo Malaysia’s budget airlines to lucrative offers in order to extend its lead in the long-haul market. Tony Fernandes, the CEO of AirAsia Bhd group, stated that the Malaysian budget airline will stick with Airbus and has currently no plans on purchasing aircrafts from U.S. planemaker Boeing Co. “Boeing is keen…
Areas of convergence that have been identified by the trio include engineering, manufacturing, purchasing and supply chains. On Thursday, the Renault-Nissan-Mitsubishi alliance stated it would boost the speed of convergence of technologies between the trio as they collaborate on key areas as part of a bigger, broader strategy to boost profits and lower costs. The…
Singapore aims to be the top Asian hub for cryptocurrencies and ICOs. On Thursday, an official from Singapore’s central bank stated that it is in the process of assessing whether additional regulations will be required in order to protect cryptocurrency investors. Singapore is aiming to be the top hub for financial technology and ICO offerings…
The power purchase deal is in line with Microsoft’s goal of powering at least 50% of its electrical load requirements of its global data center in 2018. On Thursday, Microsoft Corp stated it will buy solar power from the Singapore-based Sunseap Group. The deal marks the tech giant’s first such renewable energy deal in Asia.…
Nio has hired 8 banks for the planned U.S. IPO. According to sources with knowledge of the matter, Nio, a Chinese electric vehicle startup has hired 8 banks, including Goldman Sachs and Morgan Stanley for its planned U.S. stock market listing this year, worth up to $2 billion. The eight banks are, JPMorgan, Goldman Sachs,…
The results of the survey is in sharp contrast to official data released by Britain. On Monday, in sharp contrast to downbeat official data released last weak by Britain, the country’s services sector reported its first rise in profits in more than two years. According to the Confederation of British Industry, the volumes and the…
Analysts at IHS Markit see global autonomous vehicle sale touching 33 million units ub 2040, while Goldman Sachs has predicted that the ride-hailing market will grow 800% by 2030 and be five times the size of the current taxi market. In a strategic development, Nissan Motor Co has taken the first steps towards becoming an…
The timing for deploying 5G technology is set to top the agenda at the Mobile World Congress, set to take place in Barcelona next week. The telecom industry is counting on the new technology to trigger growth in equipment sales and mobile services.
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