HNA Technology Co Ltd has reported the same in a filing to the Shanghai stock exchange albeit without disclosing the name of the buyer. On Monday, as per China’s HNA Technology Co Ltd’s filing to the Shanghai stock exchange, it is holding preliminary talks with a concerted party to sell U.S. electronics distributor Ingram Micro…
The launch is huge for SpaceX since it marks its first ever national security space mission for the United States. In what is possibly a milestone in SpaceX’s corporate history, Elon Musk’s privately held rocket company has blasted off from Florida’s Cape Canaveral on Sunday carrying a U.S. military navigation satellite, marking the launch as…
Tesla’s CEO, Elon Musk tweeted, “If Tesla committed delivery & customer made good faith efforts to receive before year end, Tesla will cover the tax credit difference.” Luxury carmaker Tesla Inc has stated, it will reimburse customers if delays to car deliveries have caused them to miss out on a significant tax credit. In 2017,…
A new move by the Japanese prosecutors against the former Nissan chief Carlos Ghosn has virtually eliminated the chances of being released from jail before Christmas. On Thursday, a plea for the extension Ghosn’s detention by the Japanese prosecutors was turned down by a Tokyo court which was a small legal victory for Ghosn who…
A massive recall of 874,082 vehicles in North America was announced by Ford Motor Co. on Friday for its F-150 and Super Duty trucks on issues of fire concerns and the company would replace an engine block heater cable on the vehicles. This part of the engine is used by drivers in cold winter days…
According to media reports on Thursday, Johnson & Johnson has been asked not to manufacture its baby powder in two of its factories in India by the India’s drugs regulator till such time that test results of its raw materials proves that they are free of asbestos. The Central Drugs Standard Control Organization (CDSCO) has…
Despite the slowdown of the US economy for the third quarter as had been previously shown in government data, analysts believe that the growth rate achieved in this period should be strong enough for the US economy to achieve the 3 per cent growth target that had been set for the year by the Trump…
The court verdict will remain pending if Apple were to go on appeal. Qualcomm has also received a similar ruling from a court in China. A German court ruled has ruled that Apple Inc has infringed on Qualcomm Inc’s hardware patent and said, Cupertino can no longer sell some of its iPhone models in Germany…
The resumption of testing of Uber’s autonomous automated fleet of cars will now be under more controlled and monitored conditions. In a significant development, Uber Technologies Inc stated, it is resuming the limited testing of self-driving cars on public roads in Pittsburgh; the move comes 9 months after it suspended the program following a deadly…
Plea to extend the period of detention of the former Nissan chairman Carlos Ghosn and Representative Director Greg Kelly by Japanese prosecutors was rejected by Tokyo District Court on Thursday. It is likely that a bail plea would be filed by the lawyers for the two men. Ghosn would be released on bail, if approved,…
