The premium Italian brands, including the supercar maker Lamborghini, could be spinned off by the Volkswagen Group, confirmed the automaker’s executives to the media. The motorcycle manufacturer Ducati and Italdesign Giugiaro, a design and engineering consulting company could also be included in the potential spinoff. There are on going discussions in the company about restructuring…
The United States based ride hailing company Uber has said that its self-driving unit is seeking to strike partnerships with other companies that are currently working on autonomous driving and self-driving vehicles, said the company’s chief executive officer on Wednesday. “Our view is that we will partner with other autonomous providers over a period of…
On Thursday, in a report the Financial Times stated, Amazon.com Inc has cut off dozens of R&D and manufacturing staff from its delivery drone project, Amazon Prime Air. Amazon has tentative reached manufacturing deals with two external manufacturers to build components for its long-awaited drone said the report while adding that more deals with third…
With a new offering called Amazon Pharmacy, Amazon is now officially entering the pharmacy business. This new service can be used by Amazon customers to home deliver prescription medications in the United States. Delivery will be free for Amazon Prime members. For the last few years, its pharmacy offering has been slowly and quietly built…
Air safety regulators in the United States have lifted grounding orders put in place in March 2019 after two deadly crashes of Boeing’s 737 Max plane and has allowed it to fly again. This approval is a crucial milestone for the airplane maker which was pushed into a financial crisis by the crashes and the…
In a statement the Vietnamese government said, Foxconn had commenced constructing a factory in the northern part of the country, to produce displays. The factory was scheduled to commence production after a year, said the Vietnamese government. Foxconn’s $26-million factory in Quang Ninh province has now produced its first batch of displays, said the government…
In a significant development, a group of major U.S. utilities which includes Uber and Tesla said they are launching a new lobby group which will lobby for national policies to boost the adoption of electric vehicles. The lobby group named Zero Emission Transportation Association, aims to boost the adoption of consumer electric vehicle and encourage…
Twitter Inc has announced the global launch of a new feature – tweets that disappear after 24 hours. The feature has similarities with Snapchat’s stories, and Instagram’s status feature. “Some of you tell us that Tweeting is uncomfortable because it feels so public, so permanent, and like there’s so much pressure to rack up Retweets and…
The third oldest airlines of the world, Australia’s Qantas Airways Ltd, completed its 100th birthday on Monday amidst one of the toughest year in aviation history because of the novel coronavirus pandemic. However the company’s chief executive said that the company is looking to the future with optimism. “Qantas every decade has literally reinvented itself,”…
All of the 34 per cent of stake that the Japanese auto maker Nissan Motor has in its Japanese counterpart Mitsubishi Motors is being planned to be sold out by Nissan, according to reports in the media quoting sources with knowledge of the matter. Analysts said that this move by Nissan, if actually true and…
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