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…
For its 90 million motorbike and scooter riders, Vietnam wants to design and make cars. aiming to roll out the first car in 24 months, plans to invest up to $3.5 billion to set up a manufacturing and research and development complex, were announced by the country’s largest real-estate company Vingroup JSC. Vingroup Vice Chairwoman Le…
This is likely to be a huge opportunity for private players, including MNCs, to help modernise Israel’s infrastructure. In a significant development, Israeli Prime Minister Benjamin Netanyahu has disclosed at the start of Israel’s weekly cabinet meeting, that he would soon unveil a multi-year infrastructure spending plan worth more than $28 billion The planned projects…
Samsung is part of a huge conglomerate that manufactures a wide range of products starting from car audio, connected-car technologies, washing machines, smartphones, to heavy machinery. On Thursday, in a significant development, Samsung Electronics Co Ltd disclosed that it has received a permit to test self-driving vehicles in California. The news marks the entry of…
With the growing global trend of a cashless economy, the payments processing business has seen a a flurry of M&A. The Financial Times has reported citing sources close to the discussion that Hellman & Friedman, a U.S. private equity firm, is the front runner in the race to acquire Nets, Scandinavia’s largest payments processor. The…
Although Siemens entry into the self-driving vehicle industry has been as recent as early this year, it has been quick to consolidate its position. In a significant development, German industrial giant Siemens has agreed to acquire Tass International, a company which specializes in developing self-driving software, for an undisclosed sum. The move will its automotive…
With the explosion of interest in self-driving technology, carmakers are scrambling to corner market share. As per a senior executive from the company, Ford Motor Co is considering to deploy self-driving vehicle technology in larger commercial vehicles and is working with multiple partners to deploy this strategy on autonomous vehicles on the road. “We’ve been…
Faced with increased competition from its peers, BroadSoft has been under pressure from shareholders who are behaving like activists. According to sources familiar with the matter at hand, BroadSoft Inc, a U.S. software provider which helps companies with cloud-based communications services, is exploring its options, which includes its potential sale. The moves comes midst BroadSoft…
