Porsche is ramping up production at its Zuffenhausen plant by increasing its headcount. When Porsche first unveiled its Model E, E for electric, last December, it launched it as a competition to Tesla’s Model S. It had then said that 1,000 jobs will be created to being the concept vehicle to life. It has now…
Its second quarter earnings have dropped by 91%. If this trend continues its plans could be significantly affected. So as to meet the growing demands for flexible OLED displays, South Korean electronic giant LG Display has announced that it will invest $1.75 billion in OLED display technology. OLED displays are steadily replacing LCDs in smartphones…
Competition makes us consumers kings. Is Tesla feeling the heat? As per Rupert Stadler, Audi’s Chief Executive, the car manufacturer is ramping up its efforts for the electric car market and is set to launch three models by 2020. Stadler has told Reuters than its renewed push is a direct result of the diesel emission…
Norway is now making waves when it comes to clean energy despite being a big player in fossil fuels. With hydropower a crucial part of the mix of clean energy sources, 98 percent of its “electricity production” comes from renewable sources, the Norwegian government has said. Norway is home to an abundance of natural resources…
It’s “impossible” since it goes against its own policies. Yahoo has clarified saying it has done so using a proprietary tool. In a series of goof-ups, Yahoo has managed to recover an e-mail that was deleted which supposedly impossible is impossible to retrieve. The matter has taken a serious tone with a judge granting a…
The car business cannot afford to wait for the perfect technology – NHTSA. In a move that could sooth ruffled feathers in the wake of Tesla’s crash and questions being raised on the future of autonomous automated driving technology, Mark Rosekind from the National Highway Traffic Safety Administration has disclosed, at an event, that he…
Although Qualcomm’s first quarter results have exceeded analysts’ expectations, if Apple were to switch is chip for modem to Intel, its bottom line could be affected. In a development that has helped bolster its sales for the quarter, Qualcomm has shipped more Snapdragon chips than it expected. It has reportedly beaten its sales estimate of by more…
As General Motors continued to capitalize on strong sales of pickup trucks and sport utility vehicles in the United States and after reporting a record second-quarter profit, the forecast for its full-year profits was raised by the company in a statement on Thursday. Sending the company shares up as much as 4.4 percent, the earnings…
According to FiREapps, its bad news for multinational companies since Brexit is still sending shock waves through the $5.3-trillion-a-day currency market. FiREapps said that as businesses gauge the impact of the U.K.’s vote to leave the European Union, earnings in North America will probably be cut by a record $35 billion to $40 billion in…
Last year, FZI had demonstrated an autonomous bartender at the same event. Do you believe the taste in food comes from its ingredients? What about the amount of love put into it by the person cooking it? Why is two chefs cooking the same dish cant reproduce the exact taste? Before you get too deep…
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