Having completed the $2.2 billion acquisition of Opel and Vauxhall earlier this year, the PSA Group, like its peers, is now focusing on launching Evs in the market. As per PSA Group’s Chief executive, Carlos Tavares, although the company will support Opel’s introduction of electric cars into the market, he has highlighted the need for…
While Toshiba has narrowed down the pool of suitors, all the bids have Apple, its key customer, as a common denominator. On Friday, Japan’s Kyodo news agency reported that a group, which includes Western Digital, has sought $464 million (50 billion yen) from Apple Inc to help finance a bid for Toshiba Corp’s NAND chip…
As per U.S. Senator Mark Warner, vice chairman of the Senate Select Committee on Intelligence, it would not be an “exaggeration to suggest that a breach such as this represents a real threat to the economic security of Americans.” In what is reported to be one of the largest breaches of data in the United…
Brexit related uncertainties are however holding back its plans. On Thursday, Britain’s biggest carmaker, Jaguar Land Rover, stated its electric or hybrid lineup will be launched from 2020, as it ramps up its plans to electrify its models. In 2016, its Indian parent, Tata Motors, had disclosed that it would offer greener versions of half…
The economic cost of cyber crime in the EU is a whopping $316 billion (265 billion euros). As a means to secure EU nationals from cyber attacks from other nations, the European Commission has decided to bolster cyber security in the bloc and is set to hike up its cyber security spending and unveil stricter…
This strategic move is aimed at bringing a sense of finality to its bid of divesting its chip business following months of delays. Toshiba Corp has stated it will be building a new semiconductor plant in Iwate, northern Japan, even as it makes efforts to sell its memory chip business to raise funds. Significantly, it…
In 2018, Nissan plans on releasing another version of the Leaf which will have a driving range of “more than 300 miles” In a significant development that underscores Nissan Motor Co’s efforts at stimying criticism over its limited driving ranges in its EV offerings, the company has launched a revamped version of its Leaf electric…
The deal is significant since it will allow United Technologies Corp to negotiate better rates with Airbus and Boeing for airplane components. In a significant development United Technologies Corp, an aerospace supplier has agreed to acquire avionics and interiors maker Rockwell Collins Inc for $30 billion. The deal marks the creation of the world’s largest…
The two previous attempts at a mergers were unsuccessful due to its sheer complexity. This time with Schneider Electric separating its software business ahead of the merger proved instrumental in signing the deal. On Tuesday, Britain-based Aveva Group disclosed that it has agreed to be acquired by France-based Schneider Electric’s software business and in the…
South Korean companies face the brunt of China’s fury as the South Korean government deploys U.S. THAAD missiles to protect itself against a nuclear armed North Korea. Here’s how Beijing is protecting its North Korean ally. On Monday, South Korean automaker Hyundai Motor disclosed it would be replacing the head of its China operations. The…
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