Due to ongoing logistical and supply chain issues, Honda Motor Co. announced on Thursday that it would cut its production plans by up to 40% in Japan at the beginning of September. Even Japanese automakers have been cautiously optimistic about the news that the chip shortage that led to repeated production reductions is subsiding. Early…
According to Yonhap news agency, a new US law that excludes electric vehicles that are assembled outside of North America from tax credits could convince South Korea’s Hyundai Motor Co to move the start date for building projects of an EV and battery factory in the US to this current year. Hyundai Motor announced in May that…
Ben & Jerry’s will be sold in Israel and the West Bank under the Hebrew and Arabic names agreed to by Unilever. A US judge has denied Ben & Jerry’s request to halt a deal struck by Unilever that allows its ice cream to be sold in Israeli settlements in the occupied West Bank. Unilever…
Ola Electric, an Indian ride-hailing company, wants to begin building electric cars in India in 2024 with a range of up to 500 km (310 miles), according to Chief Executive Bhavish Aggarwal on Monday. Ola, which is backed by Japan’s Softbank Group and presently manufactures e-scooters, did not provide a figure for investment or a…
Mattel Inc sued Rap Snacks in federal court in Los Angeles on Thursday, alleging that its Nicki Minaj-branded “Barbie-Que Honey Truffle” potato chips infringe on Mattel’s trademark rights in the renowned Barbie doll. Rap Snacks Inc was never granted permission to use Mattel’s trademarks, according to Mattel. The toy manufacturer requested a court injunction prohibiting…
Siemens said on Thursday that robust industrial demand remained in the third quarter, despite expenditures tied to its Siemens Energy investment and decision to exit Russia pushing the engineering firm into the red for the first time in nearly 12 years. The manufacturer of industrial software and trains reported increasing revenue and orders for the…
Ryanair’s chief has revealed that the budget airline will no longer offer flights at rock-bottom costs due to the rising cost of fuel. The age of the €10 ticket, according to CEO Michael O’Leary, is ended. He told the BBC that the airline’s average cost would jump from from €40 last year to around €50…
According to reports, Domino’s Pizza’s remaining locations in Italy have been closed after the company that ran its outlets in the nation declared bankruptcy. According to Bloomberg, which broke the story first, franchisee ePizza SpA was affected by the pandemic. Since its debut in the birthplace of pizza in 2015, Domino’s has failed to gain…
Capri Holdings Ltd, which owns Michael Kors, surpassed quarterly revenue and profit projections on Tuesday, supported by unwavering demand for luxury items from higher-income buyers who have been mostly unscathed by decades of high inflation. In premarket trade, shares of the business, which also owns Versace and Jimmy Choo, climbed roughly 3 per cent. They…
Meta has revealed new WhatsApp privacy features. Users will be able to secretly exit group chats, select who can view their online status, and block screenshots on View Once messages. According to Meta CEO Mark Zuckerberg, this will help maintain WhatsApp chat “as private and safe as face-to-face discussions.” It will start rolling out the…
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