Volkswagen plans on replacing the head of its software development, reported German newspaper Handelsblatt. The development comes at a time when the German automaker is wrestling with the transition to electric vehicles. According to the report, Christian Senger, a former BMW manager who runs the recently founded Car.Software.Org unit, will be replaced. The development follows…
Qualcomm Inc has decided to purchase a 0.15% stake in India’s Reliance Industries’ digital unit Jio Platforms for $97.1 million (7.3 billion rupees). The development will help Jio Infocomm, Reliance’s telecoms venture, to “roll out advanced 5G infrastructure and services for Indian customers”, said Reliance in a statement. The development comes at a time when…
In order to mitigate risks related to the coronavirus pandemic negatively impacting sales momentum in the automobile industry, Tesla Inc plans on cutting the price of its Model Y, a sport utility vehicle, by $3,000. The development comes just after four months following its launch, making it a fantastic deal for consumers looking to buy…
In a significant development, the British government is likely to set a deadline for removing Huawei’s 5G related telecommunication equipment from Britain’s telecom network by 2025. Britain’s cultural minister Oliver Dowden is scheduled to make a statement in Parliament on Tuesday on this move; British ministers are pushing to remove Huawei’s telecom equipment from the…
According to three sources familiar with the matter at hand, Facebook Inc is weighing options which include imposing a ban on political ads on its social network in the days leading up to the November 3 U.S. Presidential elections in the United States, reads a report from Bloomberg News. Facebook’s spokesman declined to comment on…
With the aim of reducing its dependence on the saturated smartphone market of the world, Japan Display is no aiming to expanding of its automotive display business. The urgency of the need for the strategy of the Japanese firm can be gauged from the fact that about 60 per cent of its revenues are generated…
Even with a growing number of Covid-19 cases in the state, Walt Disney World will be reopening in Orlando, Florida. The Covid-19, the respiratory disease caused by the novel coronavirus, pandemic has hit Disney very hard. Theme parks of the company across the world have been forced to shut down, operate its sports channel ESPN…
On Friday, in a significant development, in a draft report, a panel that has been tasked to draw up regulation on data collection by tech companies has said, New Delhi should set up a data regulator and require companies to disclose how they collect and store data devoid of personal details. The development underscores India’s…
On Friday, Dutch banking giant ING stated, it will close 25% of its brick-and-mortar bank branches in the Netherlands since the COVID-19 pandemic has accelerated the trend of digital banking. ING, the Netherlands’ biggest bank, said it would shut 42 of its 170 branches in its home market with all of the affected 150 employees…
On Friday, Japanese automaker Honda stated, it has decided to purchase a 1% stake in China’s electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) for an undisclosed amount. Both companies will jointly develop EV batteries. The development comes as EV battery makers and automakers pursue an electric vehicle future. In 2019, CATL had said…
