On Wednesday, Japanese truck maker Isuzu Motors disclosed, it plans on tieing up with Sweden’s Volvo AB, in order to deepen its grip on next-generation technologies including electrification and autonomous driving, Japan’s Yomiuri newspaper reported that Isuzu would be holding a news conference at 0600 GMT in Tokyo on an “alliance” without elaborating.
With 90% of the world’s trade being transported by sea, the Global shipping industry contributes around 2.2% of the world’s CO2 emissions. In order to cut down emission levels, shipping associations have proposed creating a research fund. They have already raised $5 billion to develop technology to help the sector comply with U.N. emission targets.…
In a statement, Toyota Motor Corp disclosed, its automated driving R&D unit plans on deploying advanced self-driving capabilities in mobility service vehicles before it does so in personal-use vehicles. “‘Level 4’ (driving capabilities) is really what we’re striving for to first appear in mobility as a service,” said James Kuffner, CEO of Toyota Research Institute-Advanced…
On Tuesday, sources with knowledge of the matter at hand disclosed, Fiat Chrysler Automobiles NV’s board is scheduled to meet later this afternoon to consider taking the next steps toward a proposed merger with French automaker Peugeot SA. Peugeot’s board is also expected to meet this afternoon and is expected to consider a memorandum of…
In a significant development, for the first time in 20 years, in January 2020, Boeing Co will halt the production of the 737. The development comes in the wake of the two fatal crashes of the 737 MAX, which led to the grounding of the plane worldwide in March. The halt in the production of…
Following comments from the United States airline regulator the Federal Aviation Administration (FAA) that there is no deadline for the returning into service of Boeing’s 737 Max planes, globally grounded since March this year, the suppliers, customers and financers of the US plane maker are anticipating a complete freeze on production of 737 planes by…
The climate crisis could get accelerated instead of it being addressed because of the plan of the European Union to transform the block’s coal plants, which includes the giant Drax complex in North Yorkshire, and generate power by burning wood pellets instead could. Campaigners and scientists warn that this could lead to rapid deforestation equal…
Data from the European Commission’s website shows that U.S. chipmaker Nvidia did not offer any concessions to EU antitrust regulators who are examining its $6.8 billion bid to acquire Mellanox Technologies. The European Commission is set to take a decision on Nvidia’s biggest-ever acquisition by December 19. It is to be seen whether the EC…
In a background of rising economic and political challenges stemming from Brexit and UK’s general elections, British online retailer The Hut Group (THG) disclosed it has raised $1.10 billion (1 billion euros). It went on to add, it will channel the funds for further expansion. The new capital comprises a 600 million euro term loan,…
The aim of the OPEC and allied oil producers to increase global crude prices by reducing output as unveiled last week could fail. According to the International Energy Agency, a global supply glut will potentially be prevented by the increased production cuts as agreed to by the oil cartel and other major producers including Russia.…
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